Republican Rep. Jim Banks has suggested that it would be better to give each American $ 1,000 instead of giving Ukraine a new aid package to be adopted by Senate.
Banks, representing Indiana’s 3rd Congressional District, told Fox News Friday that the nearly $ 40 billion in aid that has been approved by the House of Representatives could be used to give Americans $ 1,000 each.
But the cost of giving each American $ 1,000 would be significantly higher than $ 40 billion. The population is currently more than 332.6 million according to the US Census Population Clock. That would mean a cost of more than $ 332.6 billion.
“That’s $ 1,000 for every single American, which is equivalent to $ 40 billion,” Banks said.
“And with what’s going on in America right now, I’d rather help Americans get back on their feet than send money abroad without ties to foreign countries,” the congressman said.
If the $ 40 billion aid package to Ukraine were split between Americans, each person would receive about $ 120.
The Internal Revenue Service (IRS) reported in its status update for fiscal year 2021 that it had disbursed more than $ 800 billion to Americans across the three stimulus checks by 2020 and 2021.
To dwarfs the amount of aid the United States has provided to Ukraine. In March, Congress approved a $ 13.6 billion package, while the current $ 39.8 billion package has not yet been adopted by the Senate.
Banks voted against the latest aid package on Tuesday. joins 56 of its Republican colleagues in opposing the measure. He told Fox News Friday that it was an “easy no-vote for me.”
There have been significant speculation about a fourth federal stimulus check as individual states continue to provide their own incentive payments and other measures, such as tax rebates.
While unemployment is low at just 3.6 percent in April, inflation remains at a near-40-year high of 8.3 percent in April, while gas prices reached new record highs this week and averaged more than $ 4.45 pr. according to the American Automobile Association (AAA).
Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) had adopted a plan to speed up the vote on approving the new aid, but the senator Rand Paul (R-KY) refused to agree to the unanimous consent and delayed its passage on its own.
Paul had sought a change in legislation that would make the Inspector General of Afghanistan oversee funds spent in Ukraine. Schumer refused to change the measure.
The Senate will hold a procedural vote on Monday in hopes of advancing the aid package.
Newsweek has asked Jim Banks’ office for comment.