When the United States began to shut down as a result of Covid-19, millions of families were left without the revenue they required.
Congress passed a large emergency aid package to provide relief in only a few weeks. Checks worth up to $1,200 per qualified adult were included in the law.
Many Americans refer to these cheques as “stimulus checks” because they have been sent in three waves, with additional payments of up to $600 and $1,400 per person due in 2021.
While the government has used stimulus checks in the past, particularly in the aftermath of the Financial Crisis, the scale and scope of the direct checks were a novel experiment in many ways.
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According to Howard Gleckman, senior scholar at the Urban-Brookings Tax Policy Center, “the three of them together were significantly more than what the government had done before.”
The IRS and the US Treasury Department got speedier and more efficient with each stimulus check.
The IRS distributed 89.5 million payments over the first few weeks of the first stimulus check programme in 2020.
The IRS said on March 17 that it had already paid around 90 million payments after Congress approved a third stimulus check on March 11, 2021.
Gleckman added, “Overall, the IRS gets the credit.” “They just did an amazing job getting these checks out in such a tight situation.”
There were a few snags along the road, including some first cheques mailed to deceased Americans.
Millions of families were left without the income they needed as the United States began to shut down as a result of Covid-19.
In just a few weeks, Congress passed a massive emergency aid package to provide relief. The statute provided checks valued at up to $1,200 per qualifying adult.
Because the checks were distributed in three waves, many Americans refer to them as “stimulus checks.” Additional payments of up to $600 and $1,400 per person are due in 2021.
While the government has utilised stimulus checks in the past, particularly following the Financial Crisis, the volume and scope of the direct checks were a fresh experiment in many ways.
The term “Stop Smearing” means “do not smear.” China’s Defense Minister accused the US of fomenting “conflict and hostility.”
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Some well-to-do taxpayers who were unaffected financially by the pandemic also received money, according to experts.
With each stimulus check, the IRS and the US Treasury Department became faster and more efficient.
During the first few weeks of the first stimulus check programme in 2020, the IRS disbursed 89.5 million payments.
After Congress approved a third stimulus check on March 11, 2021, the IRS announced on March 17 that it had already paid about 90 million payments.
“Overall, the IRS gets credit,” Gleckman remarked. “They basically performed an incredible job in such a tight scenario getting these checks out.”