Dr. Nitin Chhoda stacks up the differences between the ‘Emergency Money for the People Act‘ and another proposed stimulus package called the ‘Rent and Mortgage Cancellation Act of 2020‘
It seems like every single day, we get yet another proposal, yet another stimulus package. The emergency money for the people act was a proposed emergency stimulus and the free rent and free mortgage proposal, came along right after that.
In a nutshell, the proposed ‘Emergency Money for the People Act’ has the following attributes:
- $2000 / month
- Costs more
- More likely to expand life options
- Income qualifications
- Encourages responsibility
- Direct federal assistance
- Less moving parts
In contrast, the proposed ‘Rent and Mortgage Cancellation Act of 2020’ has the following attributes:
- No rent, no mortgage
- Costs less
- Extent of impact is location dependent
- Unconditional – for everyone
- May reward excess
- Requires federal and state resources
- Significantly more moving parts
Related Videos:
$2000 Now PLUS $1000 Per Month For All (Stimulus Proposal – Automatic Boost to Communities ABC Act)
Free Rent & Free Mortgage | NEW Facts You Need to Know
The Truth Behind the $2000 Per Month Stimulus
The Future of the $2000 Per Month Stimulus Proposal
The Pros and Cons of the $2000 Per Month Stimulus Proposal
EXACTLY When Will I Get my Stimulus Check in the Mail? (Stimulus Check Status Update)
8 Ways to STOP Scammers from Stealing your Stimulus Check
$1000 Stimulus Checks in NEW Stimulus Bill (EIDL Grant) Approved: How to Get Yours
References:
The 5-page framework of the ‘Rent and Mortgage Cancellation Act of 2020’
The entire proposal of the ‘Rent and Mortgage Cancellation Act of 2020’
The entire proposal of the ‘Emergency Money for the People Act’
