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News Government Reps. 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 is a writer and filmmaker. He is the author of six critically acclaimed fiction books, among them the novella "It's Only Temporary" (2005), which appeared on Nightmare Magazine's list of the Top 100 Horror Books, and numerous short stories published in anthologies alongside work by H.P. Lovecraft, Ray Bradbury, Stephen King, Chuck Palahniuk, and many others. His nonfiction articles have been published on The Daily Dot, Ravishly, and The Good Men Project. His first feature film, "Rule of 3" (2010), won awards at the Fantasia International Film Festival and Shriekfest, and had its U.S. premiere at Fantastic Fest. His second feature film, "Living Things" (2014), was endorsed by PETA (People For The Ethical Treatment of Animals) and distributed by Cinema Libre Studio. In 2015, he won the 19th Annual Fade In Award for Thriller Screenplays. He was a founding partner of Ghostwriters Central, a writing and editing firm which received positive notices from The Wall Street Journal, Consumers Digest, and the TV program "Intelligence For Your Life." Eric has edited works published on The Huffington Post and Forbes, as well as two Bram Stoker Award-nominated novels.
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