Sen. Mitt Romney (R-Utah) is proposing sending $1000 to every American adult as lawmakers scramble to try to bolster the U.S. economy amid growing concerns over the coronavirus.
Romney outlined a handful of proposals on Monday saying that while the Senate should take up the House coronavirus package they also need start working on additional steps.
"We also urgently need to build on this legislation with additional action to help families and small businesses meet their short-term financial obligations, ease the financial burden on students entering the workforce, and protect health workers on the front lines and their patients by improving telehealth services," Romney said in a statement.
Concerns about a growing coronavirus outbreak in the United States, as well as growing restrictions on U.S. businesses, has injected fresh turmoil into the market, where the Dow Jones Industrial Average sunk 2,442 points.
It remains unclear whether this would be structured as a tax cut or an entitlement as the proposal is just preliminary.
.@SenatorRomney proposes giving every adult American $1,000 a month during the coronavirus outbreak— Thomas Burr (@thomaswburr) March 16, 2020