• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
FinanceCoronavirus bailout

Kamala Harris and Andrew Yang lead the call for monthly coronavirus stimulus payments

Rey Mashayekhi
By
Rey Mashayekhi
Rey Mashayekhi
Down Arrow Button Icon
Rey Mashayekhi
By
Rey Mashayekhi
Rey Mashayekhi
Down Arrow Button Icon
June 2, 2020, 11:03 AM ET
Add Fortune on Google for similar content.

The nation is in turmoil. Over 40 million Americans are out of work. There’s talk of yet another round of stimulus payments meant to help Americans through tough economic times, adding billions to the bailout budget.

Yet some politicians have even more ambitious designs. In a virtual town hall on Monday, Sen. Kamala Harris (D-Calif.) and fellow former Democratic presidential candidate Andrew Yang talked up a proposal that would see each American receive a monthly payment of up to $2,000 over the course of the coronavirus pandemic. 

“Forty million–plus people lost their jobs within the last 100 days,” Harris said during the town hall, which was held by online criminal justice news outlet The Appeal. “The government should be here for the people in a moment of crisis. People should be able to count on their government to see them and to create a safety net for them, so that these people don’t fall into poverty—or further into poverty—during the course of this pandemic.”

Harris’s proposed bill, which she cosponsored with Sens. Bernie Sanders (I-Vt.) and Ed Markey (D-Mass.), would provide up to $2,000 per month to every individual making up to $120,000 annually, with the payment amount gradually reduced for those making over $100,000. Married couples who file jointly would receive $4,000, while those with children would receive $2,000 per child for up to three kids. The payments would be made retroactive to March, and would continue for the duration of the pandemic plus for three months following. 

The Monthly Economic Crisis Support Act, as it’s known, was introduced in early May and goes far beyond the one-time stimulus payment offered in the CARES Act, the $2.2 trillion coronavirus aid bill signed into law in March. But with Senate Republicans and the White House already pushing back against the House Democrats’ $3 trillion follow-up stimulus package, it seems unlikely that the Harris-Sanders-Markey bill will gain much traction on Capitol Hill in an election year.

Still, Harris bemoaned the limited, one-time nature of the government’s fiscal stimulus measures amid a pandemic that appears set to stretch on for months to come. She cited the influence of Yang’s campaign platform—famously built around his “Freedom Dividend” policy, which would give all Americans a universal basic income of $1,000 per month—on her own proposed measure.

“Andrew would talk about the fact that almost half of American families couldn’t afford a $400 unexpected expense; that in 99% of counties, if you’re a minimum wage worker, you can’t afford a market-rate one-bedroom apartment,” Harris noted. “The fact is that the cost of living in America has continually gone up, but wages have remained stagnant.”

Yang himself pointed to the killing of George Floyd, which was allegedly precipitated by Floyd’s use of a counterfeit $20 bill, as indicative of the economic challenges faced by millions of Americans today. He described measures like those proposed by Harris and Rep. Rashida Tlaib (D-Mich.)—who has also floated the idea of recurring payments to get Americans through the pandemic—as “a real chance to alleviate poverty” in the United States.

“We’re facing a new Great Depression, but there are legislators that have bills on the table that, if enough Americans get behind [them], we can pass today,” Yang said. “What I fought for on the campaign trail is not hypothetical. We have tens of millions of Americans whose lives are disintegrating before our eyes, and we have to tell our government to get its shit together and get money out to the people.”

Proposals like Harris’s appear to be gaining more grass-roots support. During the town hall, Denver restaurant owner Stephanie Bonin delivered a Change.org petition supporting a $2,000 monthly payment that has garnered more than 1.2 million signatures to date.

Monthly stimulus payments, including UBI plans, are also getting a closer second look abroad as countries seek to rebuild their economies and offer aid to the hardest-hit income brackets. Spain, for example, is moving closer to a kind of income plan that would pay beneficiaries a monthly payment of up to 1,015 euros ($1,103) per couple, and up to 462 euros per single adult. Similar measures have been floated in countries ranging from Brazil to Britain.

Harris, for her part, dismissed skeptics and political opponents who claim that measures like the Monthly Economic Crisis Support Act are too expensive.

“They’re the same people who passed a tax bill benefiting the top one percent and the biggest corporations of America, and are going to cause us to face a $1 trillion deficit as a result,” she said. “If you want to talk about cost, you can’t do that without talking about the benefit. And the benefit of this outweighs the cost, every way you cut it.”

More coronavirus coverage from Fortune:

  • Britain’s ethnic minorities are succumbing to COVID-19 in overwhelming numbers, a controversial report shows

  • We can’t let the coronavirus slow the march toward gender equality
  • “I literally was locked up abroad”: The diary of a cruise director during the coronavirus pandemic
  • What history can teach us about the economic impact of the coronavirus pandemic
  • Can’t pay rent? The coronavirus stimulus package may be able to help you
  • Why the Upwork CEO believes the pandemic will lead to more work with freelancers
  • PODCAST: How the biotech investor behind Moderna is using the “immigrant mindset” to take on COVID-19
  • WATCH: Fortune’s top 10 heroes of the coronavirus pandemic

About the Author
Rey Mashayekhi
By Rey Mashayekhi
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
InvestingFinance
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
By Shawn TullyJune 27, 2026
1 hour ago
Illustration of a bomb with the Bitcoin logo printed on it, against an orange background.
CryptoCryptocurrency
Bitcoin down 20% since May as Strategy fallout spooks investors
By Camila Grigera NaónJune 26, 2026
15 hours ago
One chart explains the economy’s terrible baby boomer hangover, Gen X’s invisibility, and millennial and Gen Z irrelevance
Economybaby boomers
One chart explains the economy’s terrible baby boomer hangover, Gen X’s invisibility, and millennial and Gen Z irrelevance
By Tristan BoveJune 26, 2026
16 hours ago
AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops
AItech stocks
AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops
By Jason MaJune 26, 2026
17 hours ago
m
PoliticsNew York City
Mamdani lives up to campaign promise, freezing rent for about 1 million New Yorkers
By Anthony Izaguirre and The Associated PressJune 26, 2026
17 hours ago
gavin
PoliticsTaxes
Newsom calls for a national billionaires’ tax — just not the one his state’s voters are about to pass
By Jonathan J. Cooper and The Associated PressJune 26, 2026
17 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
2 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
3 days ago
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Economy
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
By Nick LichtenbergJune 26, 2026
1 day ago
The bond market knows something about the $39 trillion national debt that Washington doesn’t
Economy
The bond market knows something about the $39 trillion national debt that Washington doesn’t
By Eva RoytburgJune 25, 2026
1 day ago
Current price of oil as of June 26, 2026
Personal Finance
Current price of oil as of June 26, 2026
By Joseph HostetlerJune 26, 2026
20 hours ago
The richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices
Economy
The richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices
By Eleanor PringleJune 26, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.