Democrats propose Coronavirus Relief Plan that would give U.S. residents $2,000 every month

[sandensea]

In an effort to continue to help ease the financial pain millions of Americans are enduring amid the novel coronavirus pandemic, three Democratic senators made a headline-grabbing proposal this week to expand upon the $1,200 stimulus checks many have already received.

On Friday, Democratic Sens. Ed Markey, Kamala Harris, and Bernie Sanders introduced a bill that — if passed into law — would set up a monthly payment program for U.S. residents making less than $120,000 a year.

All qualifying residents would be sent $2,000 a month until the pandemic was over, regardless of whether they had a Social Security Number or had paid taxes last year.

Additionally, married couples who file taxes jointly would be entitled to $4,000 as well as an additional $2,000 for every child, up to three kids.

The Monthly Economic Crisis Support Act, which would last until three months after the end of the pandemic and is retroactive to March, would also prevent debt collectors from taking payments.

At: https://news.yahoo.com/democrats-propose-coronavirus-relief-plan-183420147.html

Senators Kamala Harris, Bernie Sanders, and Ed Markey: $4,000 per married couple as well as an additional $2,000 for every child (up to three kids), monthly for three months after the end of the pandemic.

The GOP counteroffer? Another cool million for the Caymans crowd.

[walkingman]

1. Much better the people versus the corporations, who seem to own Congress.

[sandensea]

2. There's the rub, isn't it.

Until we can ditch our Colombian-style campaign finance system, all will be in vain (most good things, anyway).

[jimfields33]

6. A family of 5, 10 grand a month!

That is amazing. I’d get 2 grand personally which would always help. Just seems like a lot for a family of five though.

[Newest Reality]

3. This is really,

This is really not optional, that is, if you want to keep millions of people afloat and out of poverty, hunger and homelessness.

It's good for the landlords and businesses, of course. Any counterargument should explain how this is not PUMPING money, mainlining it, right back into the economy while creating a basis for some kind of recovery.

If too many people are economically ruined by this, there will be only one real benefit: it will be an employers market with all the bad things that brings, such as very low wages, no benefits, no sick days, easy abuse and exploitation, less job stability, more on-call hours, etc. That would only serve to take a large portion of Americans down into the pits and that's not going to revive an economy, so the idea does not hold.

This money will also prevent the inevitable unrest that could turn into some very ugly results and harm everyone and the economy even more. It will also assuage the severe emotional and psychological impacts of the severe hardships, insecurity and fear that both the pandemic and its economic effects have had.

No matter what the Republicans grouse about, this has to be done. That is, if you do want to seed and encourage a better resolution to the damage in the long-run. I know they don't have compassion or empathy or concern for the people, they could do this out of self-interest for their more important constituents of the MIC. Why let things turn into a total, chaotic mess, unless you don't really want the people to recover?

[stopbush]

4. Bottom line: it's only money.

That’s what we hear all the time in this country when we contemplate the cost of things.

When you get that hospital bill for the procedure that saved your life:

“It’s only money. At least you’ve got your health.”

When you get the bill from the mechanic for your car repair:

“It’s only money. At least your car is in great shape now and that safety issue is resolved.”

When you overspend on your kid’s wedding/ college tuition, etc:

“It’s only money. Your kids are worth it.”

Yet when it comes to THIRTY MILLION Americans suddenly out of work, it’s suddenly NOT “only money” when it comes to providing relief funds to get people through a disaster.

[iemitsu]

5. This should happen like is is with our neighbors to the north.

Also would be the best way to save our economy, which is dependent on the exchange of capital.
No money in the hands of those who spend it, means no economy.

[lunasun]

7. My friend in UK has 3 months pay from the gov

Other places are taking care of their citizens . If wealthy already got that tax cut then this is when the people in need are helped
and the wealthy should know $$ will go back into the economy as people get back on their feet