Here are the 4 most important things to know about the government's $1,000 minimum payout to all Americans, which is designed to fight the coronavirus outbreak
- It's appearing likely that Americans will get government money to help increase spending as a result of the economic damage from the coronavirus.
- The Trump administration announced it was pushing for a $1 trillion stimulus bill, which would include funding for people to get checks.
- The government has previously sent checks twice before to Americans who had filed tax returns.
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It's increasingly likely that Americans will get a government check of $1,000 or more in the coming weeks.It's part of a $1 trillion stimulus bill the Trump administration announced it was seeking on Tuesday in order to arrest the economic damage from the coronavirus and provide a widespread cash injection.Advertisement
President Trump said on Tuesday the plan would be "a big infusion."
A centerpiece of the plan is sending government checks to Americans, the Washington Post reported, a $500 billion component though it wouldn't benefit those above a certain income level. Negotiations between Congress and the White House are fluid but Americans could get two $1,000 checks.Here are four important things to know.
The federal government has directly sent money to people twice before.
Americans could receive more than $1,000 from the government depending on how long the crisis lasts.Advertisement
People would likely not have to fill out anything for the payments — and they could be delivered by April.
Rich people are probably not going to get a check.Advertisement
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