Hudson Introduces Economic Impact Payment Legislation
August 11, 2020
WASHINGTON, D.C. – U.S. Representative Richard Hudson (NC-08) has introduced the Impact Payments Now Act, a bill to ensure eligible individuals and families receive their stimulus checks.
"I have heard from countless constituents who have yet to receive their Economic Impact Payment and may have to wait until they file their 2020 taxes. North Carolinians and Americans are hurting as a result of the coronavirus pandemic and I am fighting to ensure they have the resources they need to weather this storm," said Rep. Hudson. "I look forward to advancing this legislation and getting aid to individuals and families."
This bill requires the Internal Revenue Service (IRS) to send all Economic Impact Payments to eligible Americans by December 31, 2020. In addition, it requires the IRS to provide in writing to taxpayers if and why they are ineligible to receive the stimulus check. As part of the CARES Act, Congress authorized Economic Impact Payments up to $1,200 per individual or $2,400 for each couple. An additional $500 is provided for each eligible child. This benefit is reduced starting at income levels of $75,000 for individuals and $150,000 for couples. Incomes above $99,000 for individuals and $198,000 for couples are not eligible.
In addition to the Impact Payments Now Act, Rep. Hudson has been working throughout this global health pandemic to advance legislative proposals that protect public health, help American families get back on their feet, keep businesses from closing and create jobs.