Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.
You Might Get A $1,000 Check From The Federal Government Due To Coronavirus
President Donald Trump, joined by members of the Coronavirus Task Force, speaks at the White House on March 17, 2020. (Drew Angerer/Getty Images)
President Trump is pushing a plan to send money directly to Americans in response to the coronavirus, saying it's time to "go big" to boost the now stalled economy. How much the checks will be for is still under consideration, but they're considering $1,000 each.
Trump said he wants to push through a major comprehensive package to help businesses and workers facing hardships.
"That's the way I want to go. I just want to get it done and have a big infusion, as opposed to going through little meetings every couple of days," Trump said. "We want to go big."
Treasury Secretary Steven Mnuchin is meeting with lawmakers Tuesday to discuss details of the administration's proposal.
Mnuchin said Trump wants to start sending out checks within the next two weeks.
It's not clear what income restrictions might be put on the stimulus payments, but Mnuchin said they don't want to be sending checks to millionaires.
Trump and Mnuchin did not say how much the proposal would cost, but a person familiar said earlier on Tuesday that the White House is asking Congress for $850 billion in aid.
Sponsored message
The administration is also planning to allow Americans to defer tax payments up to $1 million for 90 days.
The impact of the outbreak has ground the U.S. economy to a near standstill.
MORE ON CORONAVIRUS:
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
