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It would provide a minimum payment of $300 for individuals paying less than that in income taxes who show earned income of at least $3,000.
The sliding scale for compensation works this way: any eligible person is entitled to a minimum payment of $250 by filling out the proper forms.
The bill would establish a minimum payment of $525 a month for beneficiaries in any metropolitan area with a population of more than 250,000.
Every member of the workforce, from the highest-paid engineer down to the catering staff and cleaners, will receive a minimum payment of £10,000.
The current minimum weekly payments range from £209 for fostering a 16- to 17-year-old in London down to the minimum payment of £119 a week for fostering a baby in the UK outside London and the south-east.
Alternatively Burberry could exercise its right to buy out its contract in July 2012 for a minimum payment of €200m, rather than wait till the licence period ends in 2017.
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Credit card bills, installment debt, car and other loan payments can eventually spiral out of control, until finally the borrower is unable to make even the minimum payment on each type of debt.
You would need 71 months to pay off a credit card balance of $500 if you made just the minimum payment (2.5percentt of the total) at 14percentt interest, according to the Consumer Credit Counseling Service.
A reformed program with personal accounts would guarantee each beneficiary a minimum payment, regardless of how their diversified accounts performed.
It also gives users more automated options to specify, for instance, paying a credit card company the minimum payment plus 20% of the balance four days before the due date.
"Double up your payments if and when you can or pay more than your minimum payment," said Leslie Tayne of Tayne Law Group.
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CEO of Professional Science Editing for Scientists @ prosciediting.com