Report: Trump considering SECOND round of checks to Americans

By WND Staff

President Trump is considering a second round of rebate checks to Americans to counter the economic devastation caused by the coronavirus pandemic, even though the first round has not been delivered yet.

“I like the concept of it. I like money going directly to people,” Trump said at the daily briefing Sunday night. “It’s not their fault that this happened.”

The first payments, to be mostly via direct deposit by as early as mid-April, were authorized in the $2.2 trillion emergency-relief bill.

Individuals with a gross income of up to $75,000 in 2018 will receive $1,200. The amount decreases incrementally for higher wage earners, up to a cap of $99,000. Couples filing jointly will receive $2,400 for income up to $150,000. An additional $500 will be issued for each dependant child in the household.

House Speaker Nancy Pelosi also has discussed additional subsidies, but the Daily Wire reported the White House is working a different path.

An estimated 120 million U.S. taxpayers will qualify for the first direct payments from the federal government.

Goldman Sachs last Tuesday forecast unemployment will soar to 15% during the second quarter, and U.S. gross domestic product will plunge by 34%.

The latest forecasts suggest a “V-shape” recovery in which the economic plunge will be followed by a spike.

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