A group of economists from dozens of universities, including two in Pennsylvania, are calling on the United States government to distribute recurring stimulus checks until the economy recovers, according to multiple reports.
Last week’s letter, signed by 156 economists, said direct cash payments to families must be part of a “multifaceted response” to counter the uncertainty created by the COVID-19 pandemic.
“Direct cash payments are an essential tool that will boost economic security, drive consumer spending, hasten the recovery, and promote certainly at all levels of government and the economy – for as long as necessary,” read the letter.
Harvard University’s Jason Furman, the economic adviser to former President Barack Obama, is among those who signed the letter.
Nina Banks, Associate Professor of Economics at Bucknell University, and University of Pennsylvania’s Bernard E. Anderson and Ioana Marinescu, assistant professor in the School of Policy & Practice, also signed.
The letter was published by the Economic Security Project and the Justice Collaborative Advocacy group.
In addition to direct payments, the group is asking for additional unemployment benefits, more state and local government aid, and enhanced SNAP benefits and more child care funding.
“The first round of economic impact payments were a lifeline that helped some get by for a few weeks…but the worst is not over,” read the letter.
“Regular direct stimulus payments tied to economic indicators will help families stay afloat and drive economic activity.”
When Congress returns from its two-week recess Monday, Senate Majority Leader Mitch McConnell said the Senate will “come together behind another stimulus package.”
McConnell also said “we are looking at another direct payment.”
President Donald Trump has long supported, and committed to, a second, direct payment to individuals and families, only saying the one-time payment would be “very generous.”
Earlier this month, McConnell said in a press conference that a second round of aid could be reserved for those individuals who make $40,000 or less per year.
“I think the people who have been hit hardest are people who make about $40,000 a year or less. Many of them work in the hospitality industry. So that could well be part of it,” McConnell said on July 6.
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