Posted on 03/19/2020 1:43:44 PM PDT by Red Badger
Key Points
Treasury Secretary Steven Mnuchin on Thursday laid out details of the Trump administration’s plan to send Americans relief money.
The White House is talking to congressional leaders of both parties about a massive stimulus package to blunt the impact of the coronavirus crisis.
The proposal includes sending payments directly to Americans totaling $500 billion, broken up into two tranches.
“The first one would be $1,000 per person, $500 per child,” Mnuchin said. “So for a family of four, that’s a $3,000 payment.
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Treasury Secretary Steven Mnuchin on Thursday laid out details of the Trump administration’s plan to send Americans relief money as part of a massive stimulus package to blunt the impact of the novel coronavirus crisis.
Mnuchin said in a Fox Business Network interview that the plan, which is being discussed with congressional leaders of both parties, would send payments totaling $500 billion directly to Americans.
That money would be divided into two large tranches.
“The first one would be $1,000 per person, $500 per child,” Mnuchin said. “So for a family of four, that’s a $3,000 payment.”
“As soon as Congress passes this, we get this out in three weeks. And then, six weeks later, if the president still has a national emergency, we’ll deliver another $3,000,” Mnuchin said.
The Trump administration’s proposal comes as stocks continue to fall, jobless claims start to rise and the number of Americans infected with or killed by the COVID-19 virus continues to expand.
Mnuchin said the White House’s plan would also allocate $300 billion for small businesses, noting that “there will be loan forgiveness” for employees who keep their workers on the payroll. $200 billion would also be used for “more facilities” with the Federal Reserve, as well as secured lending to airlines and other critical industries being strangled by the crisis.
The administration’s plan may face opposition on Capitol Hill, however. Senate Minority Leader Chuck Schumer, D-N.Y., argued on the floor of his chamber Wednesday that sending one-or-two-time checks would not provide enough to support people who lose their jobs.
Schumer suggested instead that providing expanded and “beefed-up” unemployment insurance would cover Americans “for a much longer time and would provide a much bigger safety net.”
Mnuchin has spoken with Schumer multiple times over the past few days.
President Donald Trump has already approved multiple emergency aid packages aimed at slowing the spread of the virus and helping Americans who could lose their jobs or otherwise be affected. An increasing number of cities and states have banned large gatherings of people and have forced many businesses to limit their services, sparking fears that mass unemployment could follow.
Earlier this month, the president signed into law an $8.3 billion bill that sailed through Congress with near-unanimous support. On Wednesday, Trump signed an additional $100 billion package that includes provisions for emergency paid leave for workers as well as free testing for the deadly virus.
IF you make under 70k.
“Mnuchin has spoken with Schumer multiple times”
Mnuchin is a rat mole.
Can’t they wait 9 months? Might be more kids out there :)
How do I decline the checks?
I would agree with you, but on this one Schumer has a good point. Bolstering unemployment payments would probably be much more effective because it avoids the unusual scenario where employers are expected to keep paying staff who aren’t needed due to a crash in business activity.
And in 2033 those kids will become Quaranteens. Or Coronials.
If they would just let us work...
“How do I decline the checks?”
Make payable to me and forward :)
Probably can't. Maybe you could donate the check amount to a worthy charity that doesn't have bloated administrative costs, beyond what you might normally do.
How do I decline the checks?
_______________________________________
Sign the back of the check. Send it to me. I will handle it for you. Free of charge.
I’m just that nice a guy.
Just don’t cash them, then shred or burn them.......
So its redistribution??? Phooey on that. Everyone or no one.
Just send it back or tear it up.
So gubermint drones will get their regular checks plus helicopter money? Gee, that’s almost as lucrative as being an illegal with 8 younguns and 12 SS#s.
I was also going to suggest sending an amount equal to the check to the RNC, but I really believe they do not have our best interests in mind any more.
I've got a shredder; endorse it over to me and I'll take care of it.
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