ABSTRACT

COVID-19 and Stimulus Payments to Individuals: Potential Impacts of Direct Payments on Family Incomes [March 20, 2020]   [open pdf - 870KB]

From the Document: "Several Members of Congress and the Trump Administration have proposed direct cash payments as part of a fiscal response to the economic impacts of the COVID-19 pandemic. Direct cash payments have previously been part of the federal government's response to economic downturns, most recently in 2001 and 2008. In general, the purpose of direct payments is twofold: (1) they allow families to spend more, and through a multiplier effect help to stimulate the economy; and (2) they provide resources to help meet basic needs for those whose income has decreased due to COVID-19 infection or potential job loss. This Insight discusses several current direct payment proposals and their impact on family incomes."

Report Number:
CRS Insight, IN11261
Author:
Publisher:
Date:
2020-03-20
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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