Covid 19 and $1200 checks-Nothing has been set yet

Congress and the Trump administration are racing to provide economic relief to everyday Americans affected by the coronavirus, and one leading proposal would mean cutting you a $1,200 check, and here’s how that would work:

Treasury Secretary Steven Mnuchin on Thursday said that the proposal would involve cutting two checks with the first check sent out three weeks after a relief bill is passed.
Under the GOP bill released Thursday afternoon, American adults would receive $1200 each, and $500 per child.
The payments would begin to phase out for individuals making over $75,000 and phase out completely for those making over $99,000.

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