<p>"Their wealth growth is so great," Clemente added, "that they alone could provide a $3,000 stimulus payment to every man, woman, and child in the country, and still be richer than they were nine months ago."</p>
<div class="rm-shortcode" data-rm-shortcode-id="0f829068365b9dbab0128cdb153999b0" id="4d4ad"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1336661136461029376"><div style="margin:1em 0">BREAKING: U.S. billionaires have grown their collective wealth by $1 trillion since mid-March. That's more than it… https://t.co/yqKzNUpY8J</div> — Americans For Tax Fairness (@Americans For Tax Fairness)<a href="https://twitter.com/4TaxFairness/statuses/1336661136461029376">1607519823.0</a></blockquote></div>The new research comes as congressional negotiators have not committed to including direct stimulus checks of any size in the relief package that's being hashed out just weeks away from the end of the year, when dozens of key federal safety net programs are <a href="https://www.washingtonpost.com/us-policy/2020/12/06/stimulus-deadline-relief-programs/" target="_blank">set to expire</a>.<span></span><p>Amid opposition by Republicans—who are <a href="https://www.washingtonpost.com/us-policy/2020/12/08/stimulus-checks-economic-relief-package/" target="_blank">insisting</a> on keeping the final bill's price tag below $1 trillion—Democratic lawmakers led by <a href="https://omar.house.gov/media/press-releases/rep-omar-leads-letter-calling-additional-relief-checks-next-covid-19-package" rel="noopener noreferrer" target="_blank">Rep. Ilhan Omar</a> (D-Minn.) in the House and <a href="https://www.commondreams.org/news/2020/12/08/sanders-leads-senate-demand-1200-stimulus-checks-over-get-out-jail-free-card" rel="noopener noreferrer" target="_blank">Sen. Bernie Sanders</a> (I-Vt.) in the Senate are demanding the inclusion of another round of stimulus checks on top of a weekly increase in unemployment benefits and additional relief measures.</p><p>On Tuesday, as <em>Common Dreams</em> <a href="https://www.commondreams.org/news/2020/12/08/sanders-leads-senate-demand-1200-stimulus-checks-over-get-out-jail-free-card" rel="noopener noreferrer" target="_blank">reported</a>, Sanders and five Senate Democrats circulated a <a href="https://www.sanders.senate.gov/download/covid-relief-direct-checks?id=706DF63D-37E5-4454-BE11-5A7E44FD6A02&download=1&inline=file" rel="noopener noreferrer" target="_blank">letter</a> (pdf) calling for one-time payments of $1,200 per adult and $500 per child. In a <a href="https://omar.house.gov/media/press-releases/rep-omar-leads-letter-calling-additional-relief-checks-next-covid-19-package" rel="noopener noreferrer" target="_blank">letter</a> of their own on Tuesday, Omar and nearly 60 other House Democrats warned that excluding direct payments from relief legislation would "leave behind tens of millions of people who have lost income as well as many struggling individuals who cannot work and those left out of federal support programs."</p><p>"I am being told that including another stimulus check is too expensive," Rep. Rashida Tlaib (D-Mich.), a signatory of the House letter, <a href="https://twitter.com/RashidaTlaib/status/1336514609856045057" rel="noopener noreferrer" target="_blank">tweeted</a> Tuesday. "Fine. Tax the rich and pay for it."</p><p>In the wake of the Democratic lawmakers' demands, the Trump White House <a href="https://www.commondreams.org/news/2020/12/09/atrocious-trump-white-house-proposes-covid-relief-plan-0-weekly-unemployment-boost" rel="noopener noreferrer" target="_blank">put forth a proposal</a> that would provide a round of direct stimulus payments amounting to $600 per adult and $600 per child in the place of a weekly boost in unemployment benefits.</p><p>Democrats immediately rejected the administration's proposed trade-off as "unacceptable" and "atrocious," warning that one-time payments are not an adequate substitute for a weekly benefit increase for millions of jobless Americans.</p><p><em>This article first appeared on Common Dreams. You can read it <a href="https://www.commondreams.org/news/2020/12/09/new-research-shows-pandemic-profits-billionaires-could-fully-fund-3000-stimulus" target="_blank">here. </a></em></p>From Your Site Articles
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