U.S. Sen. Cory Booker and other federal lawmakers want to send out cold, hard cash to help you cope with the coronavirus crisis.
Booker joined several of his Democratic colleagues Tuesday in urging Senate leaders to pass legislation providing most Americans with an immediate $2,000 cash payment, and it could grow to $4,500 by the end of the year if the crisis doesn’t abate.
“In mere days, we’ve gone from life as normal to implementing dramatic changes in how we work, socialize, and live,” said Booker, D-N.J. “The ramifications to our economy — and to the millions of American workers and businesses who underpin it — are massive and require a large-scale, aggressive federal response.”
The money would be paid to U.S. adults and their dependents, as well as every Social Security, Veterans Affairs, or Supplemental Security Income recipient.
The funds automatically would go to those who file tax returns for 2019. Those who do not file a return could submit a separate Form 1040. The payment would phased out for those with higher incomes.[SOURCE: NJ.COM]