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Radical Rep. Rashida Tlaib is demanding taxpayer-funded handouts for “every person” residing in the United States, including illegal aliens, amid the coronavirus outbreak.
Tlaib’s proposal amounts to an emergency universal basic income (UBI) and requires the U.S. Treasury to provide every single person on U.S. soil with money until the coronavirus pandemic subsides.
Her plan is called the “Automatic BOOST to Communities Act” and requires two $1 trillion platinum coins to be issued by the Treasury.
Dailycaller.com reports: Direct payments would then be issued to American residents from the fund via a pre-loaded U.S. debit card.
Everyone living in the United States would receive $2,000 as an initial payment, then $1,000 per month until the coronavirus crisis has passed.
The bill’s definition of “every person” includes non-citizens and residents of unincorporated territories or protectorates.
“In response to the Coronavirus crisis, the Automatic BOOST to Communities Act would immediately provide a U.S. Debit Card pre-loaded with $2,000 to every person in America,” the proposal’s summary reads.
“Each card would be recharged with $1,000 monthly until one year after the end of the Coronavirus crisis.”
Dailycaller.com reports:
Democratic Michigan Rep. Rashida Tlaib proposed a plan that would have the U.S. Treasury provide what amounts to an emergency universal basic income (UBI) for every person in America until the coronavirus crisis ends.
The proposal, called the “Automatic BOOST to Communities Act,” would require the Treasury to issue two $1 trillion platinum coins, which would then be used to issue direct payouts to Americans using a pre-loaded U.S. debit card.
Everyone in the U.S. would receive $2,000 as an initial payment, then $1,000 per month until the coronavirus crisis has passed. The bill’s definition of “every person” includes non-citizens and residents of unincorporated territories or protectorates.
“In response to the Coronavirus crisis, the Automatic BOOST to Communities Act would immediately provide a U.S. Debit Card pre-loaded with $2,000 to every person in America,” the proposal’s summary reads. “Each card would be recharged with $1,000 monthly until one year after the end of the Coronavirus crisis.”
The proposal described the “funding approach” as follows:
The Treasury Secretary would direct the U.S. Mint to issue two $1 trillion platinum coins, under the legal authority provided by 31 U.S.C. § 5112(k).
Congress would direct the Federal Reserve to purchase the newly issued coins at full face value.
The Federal Reserve would complete the purchase by crediting the U.S. Mint’s account at the Fed with $2 trillion in reserves.
The Fed would retain ownership over the two $1 trillion coins permanently in order to ensure its own balance sheet remains fully capitalized by the Treasury.
The Treasury Secretary would “sweep” the newly created reserve funds from the Mint’s account into the regular Treasury General Account.
The Treasury would make the funds available to the Bureau of the Fiscal Service to disperse to every person in America in the form of pre-paid U.S. Debit Cards.
“I fully support the House Financial Services Committee Democrats #COVID19 economic response proposal,” Tlaib tweeted on Saturday. “I also want to encourage leadership to consider my truly universal relief proposal on behalf of #13thDistrictStrong.”
Sorry Rashib, unless they filed a 2018 tax return, they are out of luck. Just as any American that didn’t. We don’t make special exceptions for those who break the law. There has to be rhyme and reason to the plan. They already laid out the criteria.