They are fellow ballot; But will they agree on new payments to individuals and families?
In the last few days, we have read and heard multiple expressions by President Donald Trump and leaders of his party as well as the Democrat about the so mentioned stimulus check as part of the discussion that seems to continue slowly, but without pause in Congress.
The great absentee in public debate has been Trump’s rival in the elections, the former Vice President Joe Biden.
This does not necessarily mean that the Democratic presidential candidate does not have a position; it could just be a strategy to stay out of it.
On the website of Biden’s campaign it is indicated that as part of his “Plan to save the economy”, if elected on November 3, “will provide additional checks to families whose conditions require it.”
The foregoing suggests that, although the applicant favors new payments to families and individuals, the distribution would be limited to people with greater economic needs or lower income.
Income up to $ 40,000 for eligibility
As part of the discussion for a new stimulus package that includes a second round of checks, leaders like the highest-ranking Republican in the Senate, Mitch McConnell, indicated in early July that one possibility was that the new legislation would impose the maximum amount of $ 40,000 as an eligibility requirement, precisely to make a new law more focused.
“I think people who make $ 40,000 or less have been hit the hardest. Many are in the hospitality industry, “said the senatorial leader.
But that angle was no longer mentioned.
Neither Biden’s campaign team nor the candidate, meanwhile, have expanded on this issue.
What else does Biden’s recovery plan mention?
What is more precisely addressed from the campaign website it is on other issues such as the discharge of student debts for a minimum of $ 10,000 per person and the monthly increase of $ 200 in Social Security checks.
“Monthly Economic Crisis Support Act”
What is a fact is that his ballot mate Kamala Harris promoted in the Senate “Monthly Economic Crisis Support Act” that has monthly checks of $ 2,000 dollars.
When the law co-sponsored by Bernie Sanders (Vertmont) and Massachusetts Senator Ed Markey, It was specified that the payments would be retroactive until March of next year, the same month in which the national emergency was declared.
The legislation, which has not been addressed in the Senate where it was presented in early May, states that payments would end “in the third month beginning after the date the Secretary of Health and Human Resources determines that the public health emergency related to COVID-19 has ended.”
Americans making $ 120,000 annually or less would be eligible for the monthly incentive with payments phasing out. Couples could receive up to $ 4,000 per month, while families with children will receive up to an additional $ 2,000 per month per child. However, the maximum number of applicable dependents would be three.
In theory, if the proposal is approved, the monthly maximum per family could reach $ 10,000 considering the money per dependents, what has been one of the main criticisms of the measure.