Update on the Stimulus Checks: Rep. Urges $1k for Every American Over Ukraine Aid

Republican Representative Jim Banks has recommended that instead of giving Ukraine a fresh aid package, the United States should pay each citizen $1,000.

On Friday, Banks, who represents Indiana’s 3rd congressional district, told that the almost $40 billion in relief that the House of Representatives has approved could be used to give each American $1,000.

Giving each American $1,000, on the other hand, would cost substantially more than $40 billion. According to the US Census Population Clock, the population is presently around 332.6 million. The total cost would be more than $332.6 billion.

“That’s the equivalent of $40 billion for every single American,” Banks added.

“And, given what’s going on in America right now, I’d rather be assisting Americans in getting back on their feet than giving money to foreign nations with no strings attached,” the congressman stated.

Update on the Stimulus Checks Rep. Urges $1k for Every American Over Ukraine Aid

Each American would get roughly $120 if the $40 billion assistance package for Ukraine was distributed equally.

In its Progress Update for the fiscal year 2021, the Internal Revenue Service (IRS) stated that it had paid out more than $800 billion in stimulus cheques to Americans in 2020 and 2021.

That is far more than the US has given Ukraine in terms of help. Congress approved a $13.6 billion deal in March, but the Senate has yet to ratify the current $39.8 billion measure.

On Tuesday, Banks voted against the current assistance proposal, joining 56 of his Republican colleagues in voting against it. On Friday, he told Fox News that it was an “easy no vote for me.”

As many states continue to issue their own stimulus payments and other measures, such as tax refunds, there has been considerable speculation regarding a fourth federal stimulus check.

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While unemployment is low, at only 3.6 percent in April, inflation is approaching a 40-year high, at 8.3 percent, and gas prices hit new record highs this week, averaging more than $4.45 per gallon on Friday, according to the American Automobile Association (AAA).

Senators Chuck Schumer (D-NY) and Mitch McConnell (R-KY) had agreed on a proposal to expedite the vote on the new aid, but Senator Rand Paul (R-KY) refused to agree to the unanimous agreement and single-handedly stalled the bill’s approval.

Paul has requested a change to the bill that would allow the Afghan inspector general to supervise cash spent in Ukraine. Schumer refused to change the bill.

On Monday, the Senate will take a procedural vote in the hopes of moving the relief package forward.