Coronavirus has lawmakers calling for Universal Basic Income. (via CNBCMakeIt)
The COVID-19 pandemic has resulted in politicians from opposite sides of the aisle — Democratic U.S. Representative for New York Alexandria Ocasio-Cortez and Republican Senator from Utah, Mitt Romney, for example — coming to the same idea: Cash is going to be essential in helping Americans through this time.
The idea of giving cash to Americans has received support from the Trump administration too, though it is not clear what form the payment would take.. "I mean now in the next two weeks," he clarified.according to CNBCThe White House has given the public few details so far, but Mnuchin said the money would go to those who need it most.On Monday, Romney laid out a series of proposals he would be advocating for as the Senate considers Congressional action to respond to the coronavirus.
"The check will help fill the gaps for Americans that may not quickly navigate different government options,"Americans are facing a "liquidity shock" Ocasio-Cortez said, meaning they face shortage of cash they can access. While some are able to work from home, many Americans are not able to complete their job remotely. For example,, putting service industry workers who depend on tips out of work.
"Whether it's UBI, mortgage/rent/loan suspensions, or other means, if we do not act quickly many people will go hungry, be driven out of their homes, or confront other extreme harms," Ocasio-Cortez said on Twitter on Monday. She added a dose of caution, too. "These proposals should be handled with care and consideration, particularly with respect to macroeconomic effects. But they should be considered nevertheless," Ocasio-Cortex said on Twitter on Monday.
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