Originally published at: ‘HELP ON THE WAY’: Treasury Says Checks for Americans to Arrive Within 3 Weeks | Sean Hannity
Treasury Secretary Steve Mnuchin confirmed Sunday the Trump administration’s goal to send checks to working Americans within three weeks; helping those in need as the country struggles to contain the Coronavirus crisis.
“We expect that within three weeks that people who have direct deposit information with us will see those direct deposits in their bank accounts,” he said. “And we will create a web-based system for people where we don’t have their direct deposit they can upload it, so that they can get the money immediately as opposed to checks in the mail.”
“Individuals are eligible for payments up to $1,200, but that decreases for those who earn an adjusted gross income of more than $75,000 a year. The bill says that the payment is reduced by five percent of every dollar above that mark, or $50 for every $1,000 above $75,000,” reports Fox News.
“I don’t know what the numbers are gonna be this quarter. What I do think is, we are gonna kill this virus,” Mnuchin said. “We’re gonna re-open this economy. And in the third quarter of this year, you’re gonna see this economy bounce back with very large GDP numbers and low unemployment back to where we were beforehand.”
Read the full report here.