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This latest proposal brought by democrats is known as the Monthly Payment Crisis Support Act and has a lot of key components as our previous bills.
The main thing is, this is proposing A LOT more money than our Automatic Boost for Communities Act or even the Emergency Money For the Peoples act.
This is all under the fourth phase of the Cares act and they are looking to phase out $200k couples, $150k head of household, $100k single - 10% phase out. Every $1,000 you’ll see a $100 reduction. All dependents would receive $2,000 and joint filers would see $4000 total as well at a limit of 3 dependents totaling $10,000 for the maximum limit.
I believe this may fall under some political agenda that many people are not aware of. Be sure to watch through to the end to get a better understanding of my theory and opinion on what I believe is REALLY going on with our government.
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