After months of dragging their feet, Republicans and Democrats in Congress have agreed on a $900 billion stimulus package. The nuts and bolts of which industries will get what goodies are sure to come out eventually, but the part of the bill I assume most people reading this want to know about is when they’re going to get their money.
The good news is that it will apparently happen pretty quickly. Steven Mnuchin, the Secretary of the Treasury, told reporters this morning that $600 per person could arrive as soon as next week:
Mnuchin on $600 stimulus payments: "People are going to see this money at the beginning of next week. It's very fast."
— Jeff Stein (@JStein_WaPo) December 21, 2020
Now, $600 is not the $1,200 that was paid per person in the previous stimulus package, but at least the relief will be coming soon for those who need it.
However, this round will not go to everyone. According to the Washington Post, the threshold of $600 is only for those who earned less than $75,000 in 2019. Those who earned more than $75,000 will receive less than $600. If you earned over $99,000 in 2019, you will receive zero.
My sincere belief continues to be that, while the winter will be cold and dark, by next summer America will be humming. There will be a lot of pent-up demand to do ANYTHING outside of the house, which will ultimately create opportunities for workers.