January 12, 2021

Business Insider: The poorest quintile of Americans will get a 29% income boost if $2,000 stimulus checks become a reality, a new report finds

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Low-income Americans can expect to see a significant income boost if the Caring for Americans with Supplemental Help Act passes in the Senate.

The House passed the CASH Act on Dec. 28, which would increase stimulus payments from $600 to $2,000, among other measures. According to a report published last week by the Institute on Taxation and Economic Policy — a left leaning think-tank — this increase would have a significant impact on the lowest-income 60% of people. Read more