WASHINGTON, DC — Congressional lawmakers put the finishing touches on a $2 trillion stimulus bill to respond to the coronavirus pandemic, with cash and assistance for regular Americans, Main Street businesses and hard-hit airlines and manufacturers, among others.
Highlights of the legislation:
Direct payments to individuals
Under the plan as it was being negotiated, Americans can expect checks from the government to help them cope with the economic devastation stemming from the coronavirus crisis. Individuals would receive $1,200, married couples would get $2,400 and parents would see $500 for each child under age 17.
The payments would start to phase out for individuals with adjusted gross incomes of more than $75,000, and those making more than $99,000 would not qualify at all. The thresholds are $112,500 as the head of household or $150,000 if married and filing jointly.
