Covid-19 relief at a standstill
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With negotiations over another round of Covid-19 relief at a standstill, four Senate Republicans have introduced a bill to provide $1,000 stimulus checks to eligible adults and children. U.S. Senators Bill Cassidy, M.D. (R-LA), Steve Daines (R-MT), Mitt Romney (R-UT), and Marco Rubio (R-FL) introduced the bill, called the Coronavirus Assistance for American Families Act.
The $1,000 stimulus check proposal would give individuals $200 less than the first stimulus check and the current proposals under the HEROES Act and HEALS Act. But because it would also distribute $1,000 to eligible children, a family of four would receive $4,000, which is $600 more than they received under the CARES Act.
“As Congress continues to negotiate another economic response to the pandemic, we should prioritize direct assistance to those who need it most,” Senator Rubio said in a press release today. According to the press release, the proposal would:
Disburse Economic Impact Payments of $1,000 for both adults and children with SSNs equally, $2,000 if filing jointly. A family of four would receive $4,000.
Includes eligibility for adult dependents, including those with disabilities or college students.
Includes eligibility for US citizens married to foreign nationals but does not include eligibility for foreign nationals or ITIN filers.
As with the CARES Act, the stimulus payments would be reduced by 5% of a taxpayer’s adjusted gross income over certain thresholds:
$150,000 in the case of a joint return,
$112,500 in the case of a head of household, and
$75,000 for all other taxpayers.
In a one page summary of the bill, it was noted that the proposal provides greater assistance to single parents with multiple children than authorized by the CARES Act. Unlike the CARES Act, the stimulus payments would apply to dependents regardless of age.
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Covid-19 relief at a standstill was first posted on August 2, 2020 at 12:26 pm.
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