Americans who received a $1,200 stimulus check from the government to help mitigate financial losses during the coronavirus pandemic could now be coming to a sobering realization: It may not be enough. Three senators are saying the same, and they've just put forth a "big idea" to deal with the issue, per Politico. On Friday, Sens. Kamala Harris, Bernie Sanders, and Ed Markey unveiled the Monthly Economic Crisis Support Act, which would give a monthly $2,000 check to each American who makes less than $120,000 a year. Married couples filing jointly would get a total of $4,000, while each child (up to three of them per family) would bring in $2,000. The payments would be retroactive to March and would continue until three months after the virus emergency is officially declared over by Health and Human Services.
"Congress [has] a responsibility to make sure that people aren't left behind," a release from Harris says. "Every US resident" would receive a payment, even if they don't have a Social Security number or didn't file taxes last year. Debt collectors would also be forbidden from taking the payments. Forbes notes that it's tough to see the billing passing as is, given that it would give a family of four $8,000 a month. That translates to $96,000 a year, above the median income of $62,000 in 2018. The bill is also competing for funds with similar ones in the works; the magazine notes that "while it is possible an additional stimulus bill may be passed, we will likely see major revisions that would reduce [the] total expenditure of this or other proposals." (Read more economic stimulus package stories.)