He's been sharing his idea during his "Fighting Oligarchy" tour, and he seems to be gaining traction among those who think a one-time $12,000 stimulus injection for a family of four is a great idea. If you're curious to learn more about it—including whether or not you and your family would qualify for the stipend—keep reading.
According to Newsweek, Sanders has been sharing his idea as part of a push for more progressive candidates to take up economic reform to address the wealth inequalityplaguing the nation.
Include a direct payment of up to $12,000 to qualifying familiesInstitute a higher tax for billionaires Mandate investments in programs that support working-class families, including education and healthcare
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Who Will Qualify for Payments
According to Sanders' website, the bill would mandate $3,000 direct deposits to every family member living in a home, as long as they make less than $150,000 a year. The bill applies to every single family member, meaning the frequently cited "$12,000 for a family of four" on Sanders' website is simply illustrative math, not a hard legal cap on larger households.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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