ABC Act – Provide Monthly Payments to Everyone in US

Rep. Rashida Tlaib (D-Mich.) speaks during a news conference on Thursday, March 11, 2021. (Photo: Caroline Brehman/CQ-Roll Call, Inc. via Getty Images)

PTLN 3.26.21

Tlaib Unveils Bill to Provide Monthly Payments to Everyone in US—Funded by Minting Trillion-Dollar Coins

By Jake Johnson, Staff Writer,

Excerpts below:

“Democratic Reps. Rashida Tlaib and Pramila Jayapal on Tuesday introduced legislation that would provide everyone in the U.S. with $2,000 monthly payments during the coronavirus crisis and $1,000 per month for a year after the emergency ends in an effort to guarantee sustained relief for millions struggling to afford food, rent, and other basic expenses amid the pandemic.”

“A one-time survival check isn’t enough to get people through this crisis.”

“In the last year of this global pandemic, we have seen corporations and CEOs reap the benefits of payouts and soaring profits while everyday workers, low-income people, and families across the country have been left to scrape by without any recurring, aggressive, and inclusive financial assistance from our federal government,” said Tlaib. “Folks need far more aid.”

“ABC Act calls for universal direct payments to ensure that no one in need of financial assistance is left behind.”

“The Automatic BOOST to Communities (ABC) Act proposes financing the payments with an unconventional plan that would direct the Treasury Department to use its legal authority to mint as many $1 trillion platinum coins as necessary to fund the legislation, which would continue until a year after the public health emergency ends or the unemployment rate stabilizes at a low level.”

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