Ocasio Cortez Qualifications
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'The president wanted direct payments, so we will be sending out next week direct deposit,' said Treasury Secretary Steven Mnuchin.
According to a new report, the stimulus checks agreed on by political leaders are expected to reach American citizens’ pockets before the year is up.
Ocasio-Cortez broke through the status quo in her progressive New York City district by becoming the first person of color and woman to challenge Crowley in 14 years. With grassroots organizing and old-fashioned door knocking, she handily beat Crowley, a 56-year-old white man, with 57.5% of the vote. Ocasio-Cortez graduated from Yorktown High School in 2007 and entered Boston University, initially studying biochemistry. She got her first taste of politics by volunteering to make phone calls for Democrat Barack Obama 's successful 2008 presidential campaign.
Treasury Secretary Steven Mnuchin revealed during an interview on Monday with CNBC plans to issue the relief funds as early as next week.
“The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” he remarked. ” It’s very fast. It’s money that gets recirculated in the economy. People go out and spend this money, and that helps small business and that helps getting more people back to work.”
“I think this will push us through the recovery,” he added.
“It is a similar distribution as last time for the PPP. There will be some additional programs also set up that are targeted. In the PPP, if businesses are down 25%, they’ll be able to get a second check. We also added an employer retention tax credit, up to $10,000 per quarter, per person,” he shared.
The full stimulus package detailed individuals including children will receive $600 in direct payments with similar qualifications to those listed in the CARES Act passed in the spring.
Read More: The time for a federal racial equity stimulus package is now
theGrioreported on Sunday, Congress decided on an almost $1 trillion COVID-19 economic relief package that would establish a temporary $300 per week supplemental jobless benefit and a$600 direct stimulus payment to most Americans.
This check will be only the second monetary relief sent directly to citizens since the coronavirus pandemic began and half the initial $1200 stimulus amount.
“There will be another major rescue package for the American people,” Senate Majority Leader Mitch McConnell, R-Ky., said in announcing the agreement according to the report.
Political leaders faced criticism from their peers and American citizens for the delay in relief and small amounts. House Speaker Nancy Pelosi expressed disdain toward the $600; however, she is assured the money will be enough.
Alexandria Ocasio-cortez Husband
“I would like them to have been bigger, but they are significant,” she said.
Rep. Alexandria Ocasio-Cortez took to Twitter to express her feelings about the new COVID-19 relief bill. She explicitly stated, “$600 is not enough.”
According to the Washington Post, the agreement will also extend a moratorium on evictions set to expire at the end of the year and provide approximately $25 billion in emergency assistance to renters.
Blanca Ocasio Cortez
Congress also agreed to extend the deadline for states and cities to use unspent money approved by the Cares Act.
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