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H.R. 7960

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to provide direct payments to individuals in response to the coronavirus pandemic, and for other purposes.
About This Bill
Committee
Latest Action · August 7, 2020
Referred to the House Committee on Ways and Means.
Congress
116th (2019–2021)
Introduced
August 7, 2020
Cosponsors (4)
4D 0R
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Summary

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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).

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