$2,000 Monthly Stimulus Check for up to One Year

The Emergency Money for the People Act, introduced by Representatives Ro Khanna (D-CA) and Tim Ryan (D-OH), would provide a $2,000 monthly stimulus check ($4,000 for Married Couples) for up to 12 months. 

Unlike the CARES Act, all citizens ages 16 and over would receive the full payment, provided they earn less than $130,000 per year ($260,000 for married couples). 

Those who are claimed as a dependent on another individual’s tax return would also be eligible to receive the stimulus payment each month. The CARES Act prohibited stimulus payments to anyone who could be claimed as a dependent on another person’s tax return, effectively eliminating many high school and college-age taxpayers and adult dependents from the $1,200 stimulus check eligibility.

The Emergency Money for the People Act proposal also calls for an additional $500 per child, up to a maximum of three children.

$2,000 Monthly Stimulus Check Eligibility:

• Americans aged 16 and older earning less $130,000 per year.
• Married couples earning less than $260,000 would receive $4,000 per month.
• Qualifying families would receive an additional $500 per child – for up to three children.
• Eligibility includes those who are unemployed or have no earnings.
• Eligibility would be extended to the recently unemployed who wouldn’t qualify under 2018 or 2019 tax returns, but whose income situation has changed in 2020. 

Finally, the Emergency Money for the People Act would make it easier for citizens to receive the stimulus payments, allowing individuals to receive their payments via direct deposit, check, pre-paid debit card, or mobile money platforms such as Venmo, Zelle, or PayPal.

You can learn more on Rep. Khanna’s website or read the full bill here.