We had a record economy because we stopped over regulating and we had a competitive tax system. Now unemployment rate is 6.7%. In the CARES act, which I supported because I want to help people. Part of that was the economic impact payments. Basically what the Senator from Vermont is proposing here in this bill he wants to pass by unanimous consent. It spent $274 billion. It was paid to just under 166 Americans for an average check of about $1,673 per person. If you break that down into households. Because according to the Federal Reserve bank in New York, the average check per household is $2,400. That's 115 million households that got a check. (06:37–07:08)
CLAIM
Asserts that the CARES Act spent $274 billion on economic impact payments, averaging $1,673 per person.
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