Update on Stimulus Checks: Representative Urges $1,000 for Each American Over Ukraine Aid

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Republican Representative Jim Banks has proposed that instead of providing new aid to Ukraine, the US pay $1,000 to each citizen.

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

 

Stimulus Check

 

Giving $1,000 to each American, on the other hand, would cost far more than $40 billion. The population is currently around 332.6 million, according to the US Census Population Clock. The total cost would exceed $332.6 billion.

“That equates to $40 billion for each and every American,” Banks added.

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

Rep. Urges $1000 for Every American Over Ukraine Aid in an Update on Stimulus Checks

If the $40 billion aid package for Ukraine were distributed equally, each American would receive about $120.

The Internal Revenue Service (IRS) reported in its Progress Update for fiscal year 2021 that it had distributed more than $800 billion in stimulus checks to Americans in 2020 and 2021.

That is far more assistance than the US has provided to Ukraine. The House passed a $13.6 billion bill in March, but the Senate has yet to approve the current $39.8 billion bill.

Banks joined 56 of his Republican colleagues in voting against the current assistance proposal on Tuesday. He told Fox News on Friday that it was a “easy no vote for me.”

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

While unemployment is low, at 3.6 percent in April, inflation is approaching a 40-year high, at 8.3 percent, and gas prices have reached new 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, stalling the bill’s approval.

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Paul has requested that the bill be amended to allow the Afghan inspector general to oversee money spent in Ukraine. Schumer refused to change the legislation.

The Senate will hold a procedural vote on Monday in the hopes of moving the relief package forward.

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