money

The Treasury Department will ask Congress for $500 billion in direct payouts to taxpayers as part of a $1 trillion emergency stimulus package to combat the economic impact of the coronavirus pandemic, according to NBC News.

The two rounds of direct payments to taxpayers would be sent on April 6 and May 18, according to the proposal obtained by NBC.

The tiered payments would be for the same amount and based on income level and family size.

While President Trump initially favored a payroll tax cut to bring relief to Americans struggling financially, several lawmakers from both sides have been pushing for direct payments to Americans.

WI Guest Author

This correspondent is a guest contributor to The Washington Informer.

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