H.R. 7960 · 116th Congress
Payments for the People Act
- Stage
- In committee
- Sponsor
- Madeleine Dean
- Introduced
- 2020-08-07
- Latest action
- 2020-08-07 · Introduced in House
Summary
Payments for the People Act
This bill provides for additional recovery rebates to individual taxpayers and their dependents based upon the average unemployment rate over a three-month period. The rebates are between $1,000 and $2,000 each month and continue until the unemployment rate falls below 5.5%. The rebates phase out for individuals whose modified adjusted gross income exceeds $75,000 ($150,000 for married couples filing jointly).