Amodei Statement on House Bill to Increase EIP’s to $2,000
FOR IMMEDIATE RELEASE
Contact: Logan Tucker, 202-225-6155
WASHINGTON, D.C. – Congressman Mark Amodei (NV-02) today released the following statement after the House voted on legislation to increase Economic Impact Payment amounts to $2,000:
“Today the House voted on legislation to increase Economic Impact Payments to $2,000 for individuals making less than $75,000.
“The COVID relief bill passed by Congress and signed into law by President Trump on December 27th contained strong assistance for individuals in the form of Economic Impact Payments totaling $600. However, these payments included no targeting requirements other than the general income limitations. Of significant importance to individuals who have pronounced needs are the added federal unemployment resources contained in the bill, the additional Paycheck Protection Program funds for those who value their employment and accompanying benefits, and the additional aid for maintaining access to healthcare operations at all levels. I supported this balanced funding, because it is targeted at continuing the pandemic healthcare battle while working to continue the economic recovery, which are co-equal and mutually important must-achieve goals.
“When considering adding nearly half a trillion dollars to the price tag of that bill by enlarging the Economic Impact Payments mechanism, none of which is sitting in the U.S. Treasury, I fail to find any notion of cost benefit to individuals’ economic wellbeing. I am sure there are individual instances that will be the exception to this analysis, but when considering the needs of all of the community, state, and federal spending interests, I am not left with the conclusion that increasing the sum of the total COVID relief bill by 50 percent is wise. Finally, since further federal rescue spending in 2021 is a certainty, I’m hoping that funds-borrowing foregone now will be put to better use in the near future with strong background facts to address future potential needs.”