Following Congress’ approval of a $1.9 billion package to deal with the consequences of the Chinese Communist Party (CCP) virus or COVID-19, U.S. Rep. Rashida Tlaib reintroduced legislation on Tuesday that would include $2,000 monthly checks for both U.S. Citizens and illegal immigrants.
The bill dubbed the Automatic Boost to Communities (or ABC) Act by Tlaib and cosponsored by Rep. Pramila Jayapal (D-Wash.) is a long shot at best. Democrats have a narrow lead in the House, and the Senate, where most bills require 60 votes to pass, is equally split at 50-50.
To pay for it—and to get around laws governing how congressional economists measure the nation’s debt—the bill calls for the U.S. Mint to produce two trillion-dollar coins, which will then be bought by the Federal Reserve, which helps control the country’s money supply. The money would then be sent to the United States Treasury to fund the transfers’ expense, with more coins minted if needed.
The bill would include $2,000 a month to any American, including non-citizens who have been in the country for at least three months, via direct bank deposits or prepaid debit cards, for as long as the pandemic is declared a national emergency. Payments of $1,000 per month will be made for the following year.
“One in seven families don’t have enough to eat. More than eight million people have been pushed into poverty. Nearly one million new people are filing for unemployment every single week,” Jayapal claimed.
“This unprecedented moment demands an unprecedented response. People don’t only need relief, they need stability, certainty, and predictability, and the ABC Act delivers them exactly that,” she explained.