"During COVID-19, stimulus checks were handed out by the U.S. government to deal with the massive economic crisis caused by the pandemic. People were struggling financially, and the government provided thousands of dollars, including a $1,200 check in March of 2020 under the CARES Act, a $600 check in December of 2020 under the Consolidated Appropriations Act of 2021, and a $1,400 check under the American Rescue Plan Act in March of 2021."
"President Trump has proposed that every American, except for high earners, receive "at least $2,000 per person" in distributed tariff revenue. Regarding who is considered to be a high earner, Treasury Secretary Scott Bessent suggested $100,000 as a potential income limit. If this pans out and goes as President Trump and Secretary Bessent suggest, this would mean that as long as you make less than $100,000, you could be on track for a $2,000 payout."
During 2020–2021, the government issued stimulus checks of $1,200 (CARES Act, March 2020), $600 (Dec 2020 Consolidated Appropriations Act), and $1,400 (American Rescue Plan, March 2021). Many assumed payments ended after the pandemic, but a new proposal envisions another round. President Trump proposed distributing at least $2,000 per person from tariff revenue, with Treasury Secretary Scott Bessent suggesting a possible $100,000 income cutoff. That proposal would yield $2,000 for qualifying individuals and up to $4,000 for married couples under the limit. Inclusion of children remains unspecified. No legislation has been introduced to enact the payments.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]