April 1, 2020
Updated 4:30 PM on March 25th with additional details provided by the United States Senate Committee on Finance.
As much of the United States practices social distancing and closures of nonessential businesses in response to the coronavirus, political leaders have been negotiating a massive stimulus package to help ailing Americans.
While not the largest piece of the bill, one of the more impactful aspects of a stimulus package are direct payments to families – a “stimulus check.”
First, Majority Leader Mitch Mcconnell and Senate Republicans proposed the “Coronavirus Aid, Relief, and Economic Security Act,” or CARES Act. The proposal would give taxpayers a stimulus check of up to $1,200 ($2,400 for those filing jointly) and an additional $500 for each qualifying child.