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IPFS News Link • Economy - Economics USA

"Checks To Americans On April 6th" But GOP Split Over Virus-Stimulus Package

•, by Tyler Durden

Checks to Americans would come on April 6 and May 18 if approved.

Senate Republicans are divided over how to structure the coronavirus stimulus package that looks like it may cost nearly $1 trillion, according to The Hill.

Disagreements range from whether to only hand cash to Americans who miss paychecks due to the pandemic, or distribute money to all adults in a bid to stimulate the economy.

Another point of contention is whether economic aid should be delivered through unemployment benefits should go to those whose income has been affected, or whether it should go to businesses in the form of loans or reductions in payroll tax.

Another topic under heated debate is targeted bailouts - such as the $50 billion requested to keep the airline industry afloat.