January 7, 2021

Dems Promised $2,000 Payments. Here’s What that Would Mean for Taxpayers Across the Income Spectrum.

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New 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.