Senate proposal could provide as much as $10,000 per month to American families to weather coronavirus pandemic investinyou (In partnership with acorns.)
The bill includes people who are both low- and middle-income, applies to everyone living in the U.S. and could give people more confidence that the government is there to support them.
But the Democratic lawmakers might have a difficult time passing it, as there is not "a lot of enthusiasm from their colleagues on the right," Maag said. "It's just an order of magnitude that for many households is not called for in the current situation," said Shai Akabas,Those making $120,000 or less account for 90% of workers, said Melissa S. Kearney, professor of economics at the University of Maryland. "That's not really targeted," she said.
"I think that bolsters the case that we should be targeting cash resources to lower-income households," Kearney said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The senate approved changes to PPP loan forgiveness eligibility - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Senate Moves Toward Confirming Michael Pack To Lead Agency That Oversees Voice Of AmericaThe Senate moved to confirm President Donald Trump’s nominee to lead the global media agency that oversees the Voice of America. Michael Pack, a documentary filmmaker, would serve as CEO of t…
Read more »
Republican-led Senate panel authorizes subpoenas in probe of Obama officialsSenate Republicans today authorized a key committee chairman to issue a wide range of subpoenas as part of an investigation into the origins of the Russia probe and allegations of wrongdoing by top Obama administration officials
Read more »
Senate Republicans approve subpoenas for ex-Obama officials on Russia probe originsThe Senate Homeland Security Cmte. authorized the issuing of nearly 3 dozen subpoenas of Obama admin. officials as part of an investigation into the origins of the FBI and special counsel probe into Russian interference in the 2016 election.
Read more »
Emotions run high as anti-lynching bill stalls in SenateThe Senate is at an impasse over a widely backed bill to designate lynching as a federal hate crime. Raw feelings were evident as Sen. Rand Paul — who is single-handedly holding up the bill — sought changes as a condition of allowing it to pass.
Read more »