Treasury Secretary Steven Mnuchin said Tuesday the Trump administration is working with Congress on a plan that would send checks to Americans in an effort to blunt the coronavirus pandemic’s effect on the economy.
“We are looking at sending checks to Americans immediately,” Mnuchin told reporters. “Americans need cash now and the president wants to get cash now. And I mean now, in the next two weeks.
“We want to make sure Americans get money in their pockets quickly,” Mnuchin said at a White House briefing on the virus. “We want to make sure small business owners have access to the funds. We want to make sure airlines, hotels. We have an entire package.”
He said President Trump has also floated the idea of a payroll tax holiday.
“The tax holiday would get people money over the next six to eight months,” Mnuchin said. “We are looking at sending checks to Americans immediately. We have heard from hard-working Americans that many companies have shut down. People need cash now.”
He also encouraged people who can file their federal taxes later to do so.
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