Representatives Cartwright and Dean Introduce Bill to Provide Recurring Direct Payments for Families to Boost the Economy
Washington, DC,
August 7, 2020
Today, U.S. Representatives Matt Cartwright (PA-08) and Madeleine Dean (PA-04) will introduce the Payments for the People Act, which would send quarterly payments to families until national unemployment is below 5.5 percent. “Our economic outlook is still deeply uncertain, and struggling families need a steady source of income to get through it – one that can’t be interrupted by Senate Republican stonewalling of any House-passed relief legislation,” Rep. Cartwright said. “Millions of unemployed Americans will now see their income slashed thanks to Leader McConnell’s failed ‘wait and see’ approach to the pandemic response, so we should ensure a lapse in critical relief can’t happen again. This legislation will provide a lifeline for Americans going through hard times until the pandemic is under control and we can fully restart our economy.” The one-time $1,200 payments in the CARES Act went to roughly 160 million households in just two months, and were spent by the lowest-income families just days after they were issued. And most of the people who received the payments spent them on basic necessities. “While Congress debates the proposals for the next relief package, regular cash payments are a must-have. Direct cash gets money quickly to the people who need it most and are the most likely to spend it – but one check is not enough,” Adam Ruben, Director of Economic Security Project Action said. “The crisis we’re in is likely to last well into next year, if not longer – Congress and the White House have shown that passing even the most critical of legislation is challenging. We must pass regular cash payments that continue until the economy recovers, whether that’s in a couple of months or a couple of years. The Payments for the People Act would be a critical boost to families and to the economy as it begins to recover.”
Eligibility: Begin to phase out at $75,000 of income for individuals and $150,000 for couples filing jointly, similar to the CARES Act. Available to all taxpayers, spouses, and qualifying dependents of any age, including households with ITIN holders. |