Dems Promised $2,000 Payments. Here’s What that Would Mean for Taxpayers Across the Income Spectrum.
news releaseNew estimates from ITEP show how taxpayers across the income spectrum would fare should Democrats enact the $2,000 payments they promised would happen if they gained control of the Senate.
The CASH Act, passed by House Democrats last week, would have a significant impact for the lowest-income 60 percent of people, who have annual income of $65,000 or less. The poorest 20 percent would receive payments averaging $3,160, the next income group would receive payments averaging $3,530, and the middle 20 percent would receive an average $3,850.
Read the full analysis, including state-by-state estimates.