1. Short title This Act may be cited as the Payments for the People Act . 2. Additional recovery rebates to individuals (a) In general Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by inserting after section 6428 the following new section: 6428A. Additional recovery rebates to individuals (a) In general On each applicable date, each eligible individual shall be allowed a credit against the tax imposed by subtitle A for the applicable taxable year in an amount equal to the additional rebate amount determined for each quarter in such taxable year. (b) Applicable date For purposes of this section, the term applicable date means the first day of the month after the date of the enactment of this section and on the first day of every third month thereafter— (1) during the period— (A) beginning on the date of the enactment of this section, and (B) ending in the month beginning after any quarter for which the 3-month average national total unemployment rate is less than 5.5 percent and has decreased for the last two months, or (2) during any subsequent period— (A) beginning in the month beginning after any quarter for which the 3-month average national total unemployment rate is greater than 5.5 percent, and (B) ending in the month beginning after any quarter for which the 3-month average national total unemployment rate is less than 5.5 percent and has decreased for the last two months. (c) Additional rebate amount For purposes of this section, the term additional rebate amount means, with respect to any taxpayer— (1) with respect to a quarter in which the 3-month average national total unemployment rate is 8.5% or higher— (A) $2,000 ($4,000 in the case of a joint return), plus (B) $2,000 multiplied by the number of dependents of the taxpayer for such taxable year, (2) with respect to any quarter in which the 3-month average national total unemployment rate is less than 8.5% but greater than or equal to 7.0%— (A) $1,500 ($3,000 in the case of a joint return), plus (B) $1,500 multiplied by