Yesterday the U.S. Congress published another COVID-19 bill, the “Automatic Boost to Communities Act” (ABC Act). Previous Bills in March from Democrats in Congress and the Senate suggested distributing immediate cash relief using Digital Dollars, but this wasn’t practical timing wise. Instead, the latest Bill proposes that Digital Dollar wallets should be available by the start of 2021.
The Bill demands a universal basic income (UBI) of $2,000 per month during the crisis and, after that $1,000 per month for a year. To be financed by the issue of two trillion in dollar “coins”.
“Real people, not corporations need to be at the center of any legislative relief effort to combat the harms caused by this global pandemic. Too many of our workers, low-income people and families across the country were instantly impacted and we need to have an aggressive and inclusive financial assistance program,” said Congresswoman Rashida Tlaib.
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