By Michael Collins
Think of it as a post-Christmas gift.
Starting next week, most Americans will receive a stimulus check of up to $600 from the federal government to help ease the financial burden caused by the COVID-19 crisis. The payments are part of a $900 billion pandemic relief package expected to win final approval in Congress on Monday.
The payments will be roughly half of what millions of Americans received last spring under a previous relief package designed to get the economy moving. But Treasury Secretary Steven Mnuchin said Monday the $600 checks will provide a needed boost for Americans who are still reeling from the financial fallout of the pandemic and will help juice the economy as well.
”So much relief, just in time for the holidays,” Mnuchin said during an interview on CNBC. “This is a very, very fast way of getting money into the economy. People go out and spend this money, and that helps small businesses. And that helps getting more people back to work.”
Families with dependent children also will be eligible for a $600 checkfor each child, so a family of four would receive up to $2,400. The payments will start to phase out for Americans who earn more than $75,000 a year, the
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