For those in the US collecting their stimulus checks, there may be more on the way...

According to two democratic lawmakers, the $1,200 payment to most Americans is nice, but it doesn't' do nearly enough.

The two congressmen introduced a bill on Tuesday called the Emergency Money for the People Act, that would pay most Americans $2,000 per month and it would last for 6 months or however long it takes for the current crisis to pass.

$2k per month?

That sounds like a lot...

(Source: https://www.news4jax.com/news/national/2020/04/15/legislation-proposes-2000-a-month-for-americans/)

It would actually be a lot more than that for families of 5...

Some specifics from the bill:

Every American adult age 16 and older making less than $130,000 annually would receive at least $2,000 per month.

Married couples earning less than $260,000 would receive at least $4,000 per month.

Qualifying families with children will receive an additional $500 per child – families will receive funds for up to three children.

For example, a married couple making under $260K with 3 kids would receive $5,500 per month.

Those who had no earnings, were unemployed, or are currently unemployed would also be eligible.

Those who were not eligible in 2019 or 2018 but would be eligible in 2020, could submit at least two consecutive months of paychecks to verify income eligibility.

The Emergency Money for the People Act also expands the program to millions more Americans who were excluded from the CARES cash rebates – such as college students and adults with disabilities who are still claimed as a dependent. The individual will receive the payment and their parent or guardian will receive the dependent credit.

(Source: https://www.news4jax.com/news/national/2020/04/15/legislation-proposes-2000-a-month-for-americans/)

Does anyone actually think this will pass?

I highly doubt something like this will pass, especially since it took so long for lawmakers to agree on sending just $1,200 per adult as a one time payment.

Sending what could amount to $5,500 to families of 5 every month for 6 months seems like a lot of money and a major overshoot as to what is actually needed.

That being said, I sure hope this bill passes.

It would give people disposable income and it would devalue the dollar and assets priced in dollars would go even higher than I expecting them to.

Bring on the helicopter money!

Stay informed my friends.

-Doc