WASHINGTON — Democrats call it the “Inflation Reduction Act.” Republicans say it’s a “tax and spending spree.” And everyone has a study they say proves it. “It’s just a catalog of tax hikes and green boondoggles that Democrats have wanted for years, with a false new label slapped on the front,” Senate Republican leader Mitch McConnell of Kentucky said Tueday. …
Show Me The Relief Money – No Promises On When Coronavirus Checks Are Coming Enlarge this image toggle caption Xinhua News Agency/Getty Images Xinhua News Agency/Getty Images The $2.2 trillion coronavirus relief package marks the largest rescue package in American history. Under the plan, single people earning incomes below $75,000 will receive as much as $1,200 as "direct payments into …
Congress Approved The $2 Trillion Relief Package. But despite promises from Trump and Treasury Secretary Steven Mnuchin that the one-time funds will be distributed "within the next three weeks," it will likely be months before the stimulus relief hits people's bank accounts according to experts. "I don't think physical checks will be in the mail for another 3 to 4 …
The economic stimulus bill provides direct payments to many American adults to help them pay their bills as they navigate through the shutdowns caused by the coronavirus outbreak. The Internal Revenue Service will base the payments on a person’s adjusted gross income on his or her 2018 tax return. But the IRS will credit the amount they should have received …
