Coronavirus Stimulus: Family of Four could be receiving up to $18 Thousand by year End
Both Democrats and Republicans want to get cash in the hands of American people now.
“Americans need to get cash now and the president wants to get cash now, and I mean now – in the next two weeks,” said Treasury Secretary Steven Mnuchin on Tuesday.
Some Republican senators, including Mitt Romney support a one-time payment of $1,000.
But some Democratic lawmakers have called for an immediate $2,000 payment. In a letter to the leaders of the Senate, a group of democrats called for immediate assistance to all adults and children in the U.S. living below a certain income threshold.
“We believe it is essential to provide assistance directly and quickly,” senators Michael Bennet, Cory Booker and Sherrod Brown wrote.
“Regardless of how fast Congress acts, there will be a lag between action and support arriving to workers and businesses, and every day we delay action will be a delay in support arriving. Now is not the time for a ‘wait-and-see’ mentality.”
Under the same plan, Americans would receive another $1,500 each if the U.S. was still in the midst of the public health emergency come July, and another $1,000 if the situation persists by October.
Sources say that individual Americans could receive as much as $4,500 through the end of 2020 under these plans, while a family of four could get as much as $18,000.
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