[Ed. – Can we assume that all three will be liquidating and contributing their life savings to the initiative?]
A trio of Democratic senators are pitching a big idea: pay most American families thousands of dollars each month until the coronavirus’s economic crisis subsides.
On Friday, Sens. Kamala Harris (D-Calif.), Bernie Sanders (I-Vt.) and Ed Markey (D-Mass.) will release their Monthly Economic Crisis Support Act. It would dramatically expand upon the $1,200 sent to Americans as part of March’s gargantuan coronavirus response bill.
The legislation would send a monthly $2,000 check to people who make less than $120,000. It would expand to $4,000 to married couples who file taxes jointly and also provide $2,000 for each child up to three. Harris said the bill is a reflection that Congress’s efforts so far were not “nearly enough to meet the needs of this historic crisis” and Markey called the massive cash infusion “the most direct and efficient mechanism for delivering economic relief to those most vulnerable.”