Another Stimulus Check?
When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough.
Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months.
Now, political leaders are turning to proposals for putting more income in Americans’ hands.
“Others have suggested a minimum income, a guaranteed income for people,” Speaker of the House Nancy Pelosi said in an interview with MSNBC on Monday. “Is that worthy of attention now? Perhaps so.”
However, proposals to get more money to people share one big dilemma: How to give a financial boost to those who really need it.
Universal basic income
Pelosi’s comments come on the heels of proposals from House Democrats to boost Americans’ income by $2,000 per month until employment returns to normal.
Reps. Tim Ryan, D-Ohio, and Ro Khanna, D-Calif., put forward that proposal earlier this month. Their bill calls for monthly payments for at least six months of at least $2,000 for adults 16 and over making less than $130,000 per year. Married couples earning less than $260,000 would receive at least $4,000 per month.