Payments would arrive April 6 and May 8
The Trump Administration Treasury Department has proposed sending Americans two rounds of checks totaling $500 billion in an attempt to limit the economic damage caused by the coronavirus. The amount for each individual or family would be linked to income and number of children in a family.
President Trump said the details of the payments are still under discussion, but he wants it to happen soon, with government payments of equal value arriving on April 6 and May 8.
Treasury Secretary Steven Mnuchin first outlined the proposal Tuesday in a closed-door meeting with senators. One of them, Josh Hawley of Missouri, has called for payments that would be adjusted based on family size and income. Another, Mitt Romney of Utah, had supported across-the-board $1,000 checks.
The treasury secretary said the government won’t be sending checks to millionaires, but that amounts would be means tested.
As the Lord Leads, Pray with Us…
- For President Trump, Secretary Mnuchin, and their economic advisers, along with members of Congress, as they work out the amounts and implementation of providing stimulus checks to individual Americans or families.
- For families and persons who would be receiving the funds to feel a bit of relief from the strains put upon budgets by events caused by the coronavirus.
Sources: Newsmax, Bloomberg News
