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NewsGovernmentReps. Ryan & Khanna suggest giving working class families $1-$6,000 each during...

Reps. Ryan & Khanna suggest giving working class families $1-$6,000 each during coronavirus outbreak

This morning, California Representative Ro Khanna and Ohio Representative Tim Ryan proposed an emergency Earned Income Tax Credit (EITC) due to the novel coronavirus pandemic, which would provide a check of between $1,000 and $6,000 for each American earning less than $65,000 annually (meaning three-quarters of the population). Those who work for hourly pay, along with independent contractors and gig workers, will prove particularly vulnerable to the economic slowdown.

Said Khanna, “In order to alleviate the economic fallout of the coronavirus, we must ensure hard-working Americans have money in their pockets and are able to pay their bills.” He went on to point out that a payroll tax cut, as pushed by President Donald Trump, would not be enough to stem the inevitable damage. “If we can afford to pump $1.5 trillion into lending markets, then we can afford this solution to help every American.”

The $1.5 trillion reference was to capital injections pumped into financial markets by the Federal Reserve Bank in response to the crisis.

Ryan put Americans’ vulnerability into stark terms: “Nearly half of working Americans don’t have the cash to cover a $400 emergency.”

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Eric Shapiro
Eric Shapiro
Eric Shapiro is a writer & filmmaker. As a screenwriter, he’s won a Fade In Award and written numerous feature films in development by companies including WWE, Mandalay Sports Media, Game1, and Select Films. He is also the resident script doctor for Rebel Six Films (producers of A&E’s “Hoarders”). As a journalist, Eric’s won a California Journalism Award and is co-owner and editor of The Milpitas Beat, a Silicon Valley newspaper with tens of thousands of monthly readers that has won the Golden Quill Award as well as the John Swett Award for Media Excellence. As a filmmaker, Eric’s directed award-winning feature films that have premiered at the Fantasia Film Festival, Fantastic Fest, and Shriekfest, and been endorsed by PETA (People for the Ethical Treatment of Animals). Eric’s apocalyptic novella “It’s Only Temporary” appears next to Mary Shelley’s “Frankenstein” on Nightmare Magazine’s list of the 100 Best Horror Novels of All Time. He lives in Northern California with his wife, Rhoda, and their two sons.

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