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House Democrats introduce plan to pay Americans $2,000 a month until economy recovers from COVID-19

Summary:
It will help keep the economy going, so it's good for the wealthy too, like Jeff Bezos, so if would have been nice if Amazon had paid its fair share of tax. But this could save many businesses.The Emergency Money for the People Act, introduced by Reps. Tim Ryan and Ro Khanna, would give ,000 a month to Americans over the age of 16 who make less than 0,000 a year. The payments would count zz_inue for at least six months and would last until unemployment falls to pre-coronavirus levels. "A one-time, ,200 check isn't going to cut it," Khanna said. "Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work." House Democrats introduce plan to pay Americans ,000 a month until economy

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House Democrats introduce plan to pay Americans $2,000 a month until economy recovers from COVID-19

It will help keep the economy going, so it's good for the wealthy too, like Jeff Bezos, so if would have been nice if Amazon had paid its fair share of tax. But this could save many businesses.

The Emergency Money for the People Act, introduced by Reps. Tim Ryan and Ro Khanna, would give $2,000 a month to Americans over the age of 16 who make less than $130,000 a year.

The payments would count zz_inue for at least six months and would last until unemployment falls to pre-coronavirus levels.

"A one-time, $1,200 check isn't going to cut it," Khanna said. "Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work."


House Democrats introduce plan to pay Americans $2,000 a month until economy recovers from COVID-199-closure

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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