This stimulus plan would give everyone $2,000/month for the foreseeable future

[Andy Meek]

• The prospect of a second stimulus check appears to be dead for now, thanks to the stalemate that caused talks over a new coronavirus relief bill to collapse in the US Senate.
• However, a group of senators has proposed a new bill that would pay most Americans $2,000/month indefinitely -- and retroactively back to the start of the pandemic in March.
• Its sponsors include California Senator Kamala Harris, a potential Joe Biden running mate.

The prospect of a second stimulus check, following up on the wave of $1,200+ payments that were either mailed out directly to Americans as paper checks or direct-deposited into bank accounts in the early days of the coronavirus pandemic, appears to be dead for now. That's after congressional leaders couldn't come to an agreement over terms of a massive new stimulus bill, which led President Trump over the weekend to issue a flurry of executive orders attempting to salvage various chunks of that defunct bill using presidential authority -- with the orders covering things like payroll taxes and unemployment insurance. But no stimulus checks.

Meanwhile, two US senators (one of whom is a potential running mate choice of 2020 Democratic presidential nominee Joe Biden) are floating a wild stimulus plan that would pay most Americans at least $2,000/month indefinitely -- for the duration of the pandemic, and then for a few months beyond it. This plan -- the Monthly Economic Crisis Support Act -- would also make those payments retroactively, going back to the start of the pandemic in March. Meaning, since that retroactive timeframe encompasses six months, the first stimulus checks distributed to Americans under this plan would be for a whopping $12,000.

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This stimulus plan would give everyone $2,000/month for the foreseeable future originally appeared on BGR.com on Tue, 11 Aug 2020 at 13:17:11 EDT. Please see our terms for use of feeds.

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