Posted by 17 March 2020
The Trump Administration and members of Congress are scrambling to put together policy proposals aimed at alleviating an economic crisis due to the coronavirus. One idea with growing support is direct cash payments.
On Tuesday, Treasury Secretary Steve Mnuchin said that the Trump Administration was seriously considering sending checks to Americans within the next two weeks. He did not specify what the amount of these checks would be or the details of how they would be sent.
Senator Mitt Romney (R-UT) had floated the idea of sending every American $1,000 to stimulate the economy and help blunt the economic decline that the coronavirus has caused. Sen. Romney and Secretary Mnuchin had discussed this idea on Monday night, and it seems to have gained favor in the White House.
President Trump had previously endorsed a payroll tax cut as a way to get more money into the economy. Secretary Mnuchin now says that this may take too long to have an effect. These payments would be part of an aid package that would have a total cost of around $850 billion.
Democrats in Congress have also expressed support for this type of aid payment to Americans.
Do you think the federal government should send Americans $1,000 to stimulate the economy?