WASHINGTON – U.S. Representatives Tim Ryan (D-OH) and Ro Khanna (D-CA) on Tuesday introduced the Emergency Money for the People Act, which calls for Additional Cash Payments for qualifying Americans who have been impacted by the coronavirus pandemic, according to a news release from Ryan’s office.
If you are over the age of 16 and make under $130,000 a year, then you would be old to receive at least $2,000 per month under a new proposed House bill.
This proposal called Emergency Money for the People Act comes as U.S. citizens wait for their stimulus check from the CARES act, which was passed last month. The new bill was introduced by Rep. Tim Ryan, D-Ohio and Rep. Ro Khanna, D-California.
According to the proposal (Emergency Money), every American aged 16 and older making less than $130K annually would receive at least $2,000 monthly. Married couples earning less than $260K would receive monthly $4,000. In addition, families with children would get $5,00 per child per month for up to three children.
If you are unemployed, you would also be eligible.
Those who were not eligible in 2019 or 2018 but would be eligible in 2020 could submit at least two consecutive months of paychecks to verify income eligibility.
The measure would also close a loophole in the CARES Act that would allow college students and adults with disabilities to receive payments even if they are claimed as a dependent on someone else’s taxes.
The IRS has started sending out checks from the CARES Act this week. Millions of low and middle-income Americans will get a one-time payment of $1,200 per individual or $2,400 per couple, plus $5,00 for each child. Some will get less, depending on their income level.