Source: NBC News
The Treasury Department will be asking Congress for $500 billion in direct payouts for taxpayers as part of a $1 trillion stimulus package to combat the economic effects of the coronavirus pandemic, according to a proposal obtained by NBC News.
The two rounds of direct payments to taxpayers, each a total of $250 billion, would be sent on April 6 and then the second round would be sent on May 18, according to the proposal. They would be tiered payments, with the amounts based on income level and family size, the proposal says. Both payments would be for the same amount.
President Donald Trump was asked about the proposal at a coronavirus briefing at the White House on Wednesday, and said, “I don’t want to get in that right now” because there are “different numbers” being discussed. But, he added, “we want to go big.”