CORONAVIRUS USA

$1,200 stimulus check vs $2,000 proposed by Democrats: what would be the difference?

The Democratic party have launched an initiative proposing a new $2,000 stimulus check to every American over 16 who makes less than $130,000.

1200$ stimulus check vs 2000$ proposed by Democrats: what would be the difference?

The United States Government continues to seek solutions to the economic crisis prompted by the Covid-19 pandemic with the country experiencing the highest number of positive cases in the world with over 845,000 coronavirus infected patients at the time of writing.

FILE PHOTO: George Washington is seen with printed medical masks on the one Dollar near Euro banknotes in this illustrationFILE PHOTO: George Washington is seen with printed medical masks on the one Dollar near Euro banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The Democratic representatives of California and Ohio, Ro Khana and Tim Ryan; have launched a proposal for a new stimulus check to continue financial aid to all affected Americans; This new stimulus check will run under the name "Emergency Money for the People Act", which, if approved, would grant beneficiaries the amount of $2,000 per month.

The differences between the $1,200 and $2,000 stimulus checks

All US citizens over the age of 16 whose annual income is less than $130,000 may request this second stimulus check. The aid is also available to families who can apply for the check if their income is less than $60,000.

The $1,200 stimulus payment is a one-time payment, and the $2,000 stimulus payment is being proposed as a guaranteed monthly payment for a minimum of six months. College students and disabled persons aren’t eligible for the $1,200 payment if they can be counted as a dependent on someone else’s tax return. However, with the $2,000 payment, college students and disable persons would actually be able to receive the payment regardless of dependent status.

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