Trump Administration Proposes $500 Billion Coronavirus Payment Plan: $1,000 Per Adult, $500 Per Child
Early Thursday morning, U.S. Treasury Secretary Steven Mnuchin laid out the details of the Trump administration’s plan to directly pay Americans relief money. This proposal comes in reaction to the COVID-19 pandemic. According to Mnuchin, the bipartisan stimulus proposal included direct payments to American citizens of $1,000 per adult and $500 per child. “So for a family of four, that’s a $3,000 payment,” Mnuchin said.
The outline for the plan details a total of $500 billion in aid to be paid by the federal government. “As soon as Congress passes this, we get [the stimulus package] out in three weeks,” Mnuchin said. Mnuchin went out to declare that the continuation of the country’s national emergency status would lead to an “another $3,000” six weeks later.
The White House’s stimulus proposal includes $300 billion in funds for small businesses, who are further incentivised to keep employees on the payroll with “loan forgiveness”.
The plan for direct payments to American citizens follows a number of other emergency aid packages approved by President Trump in the wake of the coronavirus spread through America. In early March, Trump signed an $8.3 billion emergency aid bill into law, which received near-unanimous bipartisan support. On Wednesday, President Trump approved an additional $100 billion for paid leave for workers adversely affected by the outbreak