Steven Mnuchin Pitches Direct Deposits of $1000 Per Person, $500 Per Child

[Chosen Daughter]

This says the checks will go to "most Americans:"

https://www.msn.com/en-us/news/politics/mnuchin-says-white-house-working-to-send-1-000-checks-to-most-americans-within-3-weeks/ar-BB11pxdH?ocid=msedgdhp

I'd still like to know who those "most Americans" will be and who is going to pay for it.  I expect we seniors will be excluded since most of us aren't working and we have SS.  But I expect to help pay for this, the SS fund will be raided -- again!  If I'm right, in effect, we old folks who will get nothing will be paying for it.

$1,200 for all people making $75,000 or less.  Above that the amount goes down as salary increases.

[libertybele]

I guess they will use our tax info from the IRS

So what about those that don't have a bank account? Not everyone has a bank account and some people get their refund on a debit card.  Others opt to have their return mailed to them; especially older people. What about those that owe and mail a check to the IRS?? I am one that does as little on-line transactions as possible. 

It sure seems that through this whole thing that people are being forced to getting used to social distancing, not going to banks, but on-line banking, not going to the store, but home delivery, not going to school but on-line virtual classrooms, don't go to work, the government will send you a check, don't go to church, mass can be seen on TV, etc., etc.  Why??? I get now because of the virus, but I can't help but think in the back of my mind, there is more to this.  Will we indeed go back to the way things were, or are they trying to make social distancing and isolation permanent?  Just a thought.

[Smokin Joe]

A lot of details on this TBD, assuming it goes through.

Chuck Schumer for example is pushing for enhanced unemployment benefits instead. Although here in PA, the unemployment website crashed yesterday. I lost my job in early Feb (not COVID-19 related) and even then, I couldn’t reach anyone at unemployment by phone.

Mnuchin also said something about it being income tiered and paid via direct deposit so I’m thinking they’d be using the IRS to facilitate payments. Although not everyone gets their refunds (if they even get a refund at all) via direct deposit, so I’m not sure how that would work.

Income tiered? If your relatively new 8K a month job stops in mid stride, does that mean you get nothing, or does it mean you get more?