WASHINGTON, March 6 -- Rep. Morgan McGarvey, D-Kentucky, issued the following news release on March 5, 2024: Today, Congressman McGarvey (KY-03) and Congresswoman Bonnie Watson Coleman (NJ-12) introduced the Young Adult Tax Credit Act. This legislation creates a universal $500 monthly payment, indexed to inflation, for all 18 - 24-year-olds in the United States. This cash transfer would allow young adults to access capital earlier in their lives, better afford necessities, or otherwise build th  more