$2,000 Per Person Plus $2,000 Per Child: Monthly Economic Crisis Support Act Would Send Payments To Over 90% Of Americans

Source: Forbes - View Original Article
Published: May 11, 2020
Category:
Bias Rating:

51% Liberal


Bias Score Calculation:


Policies:

The Green New Deal
Social Security Privatization

Sentiments

97% "I share strategies for getting ahead financially and building wealth.""
76% "Much like the first stimulus check, there is a phase out.""
75% "Today, Senators Kamala Harris (D-CA), Bernie Sanders (I-VT), and Ed Markey (D-MA) have released the Monthly Economic Crisis Support Act.""
68% "Politico has published a discussion draft of the bill that you can read for yourself.""
62% "Just counting those wage earners, and many Americans that earned wages in 2018 are out of work, this would send a payment to at ..."
56% "A day after Senator Charles Schumer (D-NY) said that he and Speaker Nancy Pelosi (D-CA) were working on a bill of Rooseveltian proportions, calling ..."
54% "And that doesn't even consider the millions of Americans who don't earn wages and pay into Social Security!""
52% "And if each of those Americans were just a single filer with no children, that's $304,000,000,000 in total payments each and every month.""
51% "The bill also would make these payments retroactive to March and they would continue for three months after when the Health and Human Services ..."

We have listed the top 10 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

97% : I share strategies for getting ahead financially and building wealth.
76% : Much like the first stimulus check, there is a phase out.
75% : Today, Senators Kamala Harris (D-CA), Bernie Sanders (I-VT), and Ed Markey (D-MA) have released the Monthly Economic Crisis Support Act.
68% : Politico has published a discussion draft of the bill that you can read for yourself.
62% : Just counting those wage earners, and many Americans that earned wages in 2018 are out of work, this would send a payment to at least 152 million Americans each month.
56% : A day after Senator Charles Schumer (D-NY) said that he and Speaker Nancy Pelosi (D-CA) were working on a bill of "Rooseveltian" proportions, calling on memories of the New Deal, a group of senators have released a proposal for a monthly stimulus payment.
54% : And that doesn't even consider the millions of Americans who don't earn wages and pay into Social Security!
52% : And if each of those Americans were just a single filer with no children, that's $304,000,000,000 in total payments each and every month.
51% : It would also give those with qualifying children an additional $500 per month.
51% : The bill also would make these payments retroactive to March and they would continue for three months after when the Health and Human Services Department declared the public health emergency has ended.
47% : It seems that idea is gaining traction in the Senate as well.
43% : The payment methods would be similar to the CARES Act as well, though likely a smoother process as the IRS has processed much of the information already for the first stimulus check.
38% : For this check, the phase out will be 10% of one's adjusted gross income over the limit: If you are single filer with an adjusted gross income of $110,000 - or $10,000 over the limit - then your monthly benefit would decrease by 10 of the amount over the limit - or $1,000.
36% : The lower limit is much higher but the phase out is faster too.
32% : but it provides an additional $2,000 per child for up to three children per family.
32% : The eligibility rules for this bill are similar to the CARES Act but the income limits have increased.
31% : The maximum benefit would go to joint filers under the income limit with three or more children.
24% : In that case, they would receive $10,000 per month - $2,000 per adult and $6,000 for their three children.
23% : Last month, Representatives Ro Khanna (D-CA) and Tim Ryan (D-OH) released The Emergency Money for the People Act that would provide a $2,000 monthly stimulus check to every American age 16 or older who earned less than $130,000 per year.
22% : This bill would help the vast majority of Americans - but is unlikely to pass due to the sheer cost.
15% : This act would send a monthly $2,000 payment to individuals who make less than $100,000 a year
10% : According to Social Security Wage Statistics, 90.67% of all wage earners in America earn less than $100,000 per year.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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