Stimulus update – Family-of four-would get $8,000 stimulus and couples would be sent $4,000 under new aid plan

A FAMILY-of four-would get $8,000 stimulus checks, and couples would be sent $4,000 under a new aid plan.

The CASH Act – or Caring for Americans with Supplemental Help Act – would send the money directly to Americans amid the coronavirus pandemic.

Individuals could be sent $2,000 stimulus checks under the legislation.

The details of the plan are not clear – but could give a family of four up to $8,000.

It would likely head to Congress for debate after Joe Biden takes office on January 20, and when Democrats take the majority in the Senate.

Following Trump signing a $900billion package that sent out $600 stimulus checks to individuals, Biden called for more payments.

"$600 is simply not enough when you have to choose between paying rent or putting food on the table. We need $2,000 stimulus checks," Biden said onSunday.

Senate Majority Leader Chuck Schumer has pushed for the increased checks – but it remains unclear if CASH Act would supplement the round of $600 checks, or be a new wave of payments entirely.

Unlike previous round of stimulus checks, adult dependents – including some with disabilities and college students – would receive the payments under the act, according to the bill's text.

Stimulus amounts would begin to decrease for single adults making over $75,000, and couples making more than $150,000.

Emergency checks would come as Covid-19 continues to keep a tight grip on the US.

As of Wednesday, more than 22.8million cases of Covid-19 have been confirmed in the US.

More than 1.9million people worldwide have died from the virus.

In the US alone, more than 380,000 Americans have died of Covid-19.

Source: Read Full Article