The Treasury Department proposed two $250 billion cash infusions to individuals: a first set of checks issued starting April 6, with a second wave in mid-May.
The payments would be $1,000 per adult and $500 per child so
that a family of two parents and two children would receive $3,000, Mnuchin
told Fox Business Network. The goal is to get that money out in three weeks, he
said.
“That’s a lot of money for hard-working Americans,” Mnuchin
said.
He said such families would receive another $3,000 six weeks
later if the national emergency still exists. Officials have previously said the
money is expected to be allocated by income level, to exclude the
super-wealthy.
Details on Trump's economic rescue plan are still being
worked out — and it's sure to grow beyond $1 trillion, lawmakers said — but its
centerpiece is to dedicate $500 billion to start issuing direct payments to
Americans, starting early next month.
The emerging package would also funnel cash to businesses to
help keep workers on payroll as widespread sectors of the $21 trillion U.S.
economy all but shut down.
Source: FOX NEWS
Why is it for US citizens only? I have a green card. I pay taxes , and I lost my job. I can't pay my mortgage.
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