U.S. markets closed
  • S&P 500

    4,247.44
    +8.26 (+0.19%)
     
  • Dow 30

    34,479.60
    +13.40 (+0.04%)
     
  • Nasdaq

    14,069.42
    +49.12 (+0.35%)
     
  • Russell 2000

    2,335.81
    +24.40 (+1.06%)
     
  • Crude Oil

    70.78
    +0.49 (+0.70%)
     
  • Gold

    1,879.50
    -16.90 (-0.89%)
     
  • Silver

    28.05
    +0.02 (+0.07%)
     
  • EUR/USD

    1.2107
    -0.0071 (-0.58%)
     
  • 10-Yr Bond

    1.4620
    +0.0030 (+0.21%)
     
  • GBP/USD

    1.4117
    -0.0060 (-0.42%)
     
  • USD/JPY

    109.6350
    +0.2870 (+0.26%)
     
  • BTC-USD

    37,544.68
    +1,717.11 (+4.79%)
     
  • CMC Crypto 200

    924.19
    -17.62 (-1.87%)
     
  • FTSE 100

    7,134.06
    +45.88 (+0.65%)
     
  • Nikkei 225

    28,948.73
    -9.87 (-0.03%)
     

A Petition With Over 2 Million Signatures Calls for $2,000 Monthly Stimulus Checks for Every American

BackyardProduction / Getty Images/iStockphoto
BackyardProduction / Getty Images/iStockphoto

So far, more than 2 million have signed a petition calling for $2,000 monthly stimulus checks for every American. This petition was started by Stephanie Bonin, a Colorado restaurant owner, and was first posted on Change.org last year, reports Business Insider.

See: Fourth Stimulus Checks Now On the Table – Here’s How You’d Get the Money
Find: Is the American Families Plan Too Expensive? Take Our Poll

In Bonin’s petition statement, she says that she is one of millions of Americans who fear for their financial future because of the COVID-19 crisis. “With businesses and schools closing across the country to control the spread of this virus, many people have already lost their jobs. Others are being forced to stay home. This is catastrophic for working families like mine.”

“I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis,” said Bonin. “Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table,” she said.

“It took nine months for Congress to send a second stimulus check, and just moments to spend it. Another single check won’t solve our problems – people are just too far behind,” explains Bonin.

See: Stimulus Checks Don’t Help Poor People – Economist Explains Why Cash Doesn’t Work
Find: Over Half of Americans Need $1,400 Stimulus to Pay Basic Expenses

The last stimulus check passed earlier this year, amounting to $1,400 for each eligible American. Since the spring of last year, the IRS has distributed nearly $800 billion in Economic Impact Payments, according to Charles Rettig, commissioner of the Internal Revenue Service.

Bonin’s petition on Change.org has received so much support that the platform has recognized it as one of the top 10 petitions that changed 2020, according to a statement on the Change.org website.

More than 75 Democratic members of Congress called for monthly stimulus checks recently. However, while progressives are calling for monthly payments until the pandemic is over, there is no support among Republicans or most Democrats for such a measure, according to Forbes.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: A Petition With Over 2 Million Signatures Calls for $2,000 Monthly Stimulus Checks for Every American