Washington, D.C. – As the economic fallout of the novel Coronavirus Disease 2019 (COVID-19) outbreak escalates, U.S. Senators Bob Menendez and Cory Booker today wrote Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer outlining a bold new proposal to provide Americans with direct cash payments.
“Over the course of just one week, most of America went from business-as-usual to a virtual shutdown. Workers have seen their hours cut or eliminated entirely, and millions of American families are assessing how they will weather a potentially long-lasting economic paralysis,” wrote the senators in the letter. “We must provide direct cash support to the American workers and families who need it most – to help them purchase essentials; pay the rent, mortgage, and bills; and otherwise weather the coming weeks and months.”
In the letter, the senators outline a proposal to provide a $2,000 immediate cash payment to every adult, child (or non-child dependent), and recipient of Social Security, Veterans Affairs (VA) benefits, and Supplemental Security Income (SSI). The proposal calls for additional cash payments should the public health crisis extend, or if the unemployment rate increases. The payments would phase-out for higher-income taxpayers.
This new proposal would build on Senate Democrats’ plan to provide comprehensive economic relief to Americans and businesses during this unprecedented public health and economic crisis. The proposal includes:
Additional Quarterly Payments:
The letter was also signed by: U.S. Senators Michael Bennet (D-Colo.), Sherrod Brown (D-Ohio), Chris Murphy (D-Conn.), Brian Schatz (D-Hawai’i), Angus S. King, Jr. (I-Maine), Richard Blumenthal (D-Conn.), Jeanne Shaheen (D-N.H.), Tom Udall (D-N.M.), Maggie Hassan (D-N.H.), Bob Tammy Baldwin (D-Wis.), Dick Durbin (D-Ill.), Kirsten Gillibrand (D-N.Y.), Kamala Harris (D-Calif.), Tim Kaine (D-Va.), Bob Casey (D-Pa.), and Gary Peters (D-Mich.).