- The Trump administration is proposing a $1 trillion stimulus package to deal with the economic impact of the COVID-19 coronavirus.
- Among its components, the plan calls for sending out as much as $2,000 to Americans in the form of two checks — one sent out on April 6 and the other on May 18.
- Not everyone would get the full $2,000. The final amount would be based on income level and family size.
- This follows some of the worst stock market drops on record, as panic and fear continue to follow the spread of the deadly virus that shows no sign of slowing down yet.
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As much as $2,000 could be coming to most Americans as emergency cash — in the form of two $1,000 checks — if the Trump administration gets its wish as part of a newly proposed $1 trillion stimulus package to deal with the economic effects of the coronavirus.
This package, which far dwarfs what the government spent to bail out the banking industry in the wake of the 2008 financial crisis, would include as its largest component half a trillion dollars in direct aid to individual Americans in the form of the emergency cash payouts. The plan is still not final yet, however, and the amounts could change as the Trump administration hammers out the details with congressional leaders.
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The Trump administration wants to send every American up to $2,000 originally appeared on BGR.com on Wed, 18 Mar 2020 at 16:13:34 EDT. Please see our terms for use of feeds.
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