NEWS WORLD
الأحد، 19 أبريل 2020
$2,000 Per Month: What is the coronavirus Emergency Money Act and who would get the payments?
Even as Americans are getting $1,200 stimulus checks, House Democrats are proposing a $2,000 a month payment for most Americans over the age of 16 for the duration of the coronavirus pandemic.
Democrats Rep. Tim Ryan (Ohio) and Rep. Ro Khanna (Calif.) introduced the bill on Tuesday that would give Americans $2,000 a month until employment returns to the level it was before the economy was hit with shutdowns because of the COVID-19 virus
The legislation
The bill is called the Emergency Money for the People Act and would provide $2,000 a month for a guaranteed six months or until “employment returns to pre-COVID-19 levels.”
“Pre-COVID-19 levels” mean the employment to population ratio for people ages 16 and older is greater than 60%. The monthly cash payments would not count as income.
You could still apply for income-based federal or state assistance programs, such as assistance with purchasing food.
? Who would be eligible for the money
Everyone 16 and older making less than $130,000 annually would receive $2,000 a month;
Married couples earning less than $260,000 would receive at $4,000 per month;
Qualifying families with children will also receive an additional $500 per child for up to three children.
So a family of four with two children earning income up to $260,000 a year would receive $5,000. A single tax filer would get $2,000.
الاشتراك في:
الرسائل (Atom)