Coronavirus us pushes direct payment plan as part of 1tn stimulus
You're referring to the COVID-19 pandemic and the economic stimulus package passed by the US government.
Yes, as part of the $1 trillion stimulus package, the US government has implemented a direct payment plan to help individuals and families affected by the pandemic. The plan, known as the Economic Impact Payment (EIP), provides a one-time payment of up to $1,200 per individual or $2,400 per married couple, with an additional $500 per child.
The payments are designed to help individuals and families cover essential expenses, such as food, rent, and utilities, during the pandemic. The payments are also intended to stimulate economic activity and help prevent a recession.
To be eligible for the direct payment, individuals must have a valid Social Security number, be a US citizen or resident alien, and have a gross income below $99,000 for single filers or $198,000 for joint filers. The payments are being made automatically to eligible individuals who have filed their 2019 tax returns or who will file their 2020 tax returns.
The direct payment plan is part of the CARES Act, a comprehensive stimulus package passed by Congress in March 2020 to address the economic and health impacts of the pandemic. The package also includes other measures, such as expanded unemployment benefits, small business loans, and support for healthcare providers and hospitals.
It's worth noting that the direct payment plan has been criticized by some for not doing enough to help low-income households and for not providing sufficient support to those who need it most. However, the plan has been widely praised for its speed and efficiency in delivering financial support to millions of Americans during a time of great need.