Exactly how much of Washington's trillion-dollar plan to boost the economy battered by the coronavirus will be for cash payments to individual Americans?
"We're focusing on the people who literally spent most of the money they had in their bank accounts to buy food and supplies to weather the storm," NC Senator Thom Tillis said.
Tillis, who sits on the Senate Banking Committee made clear that does not mean everyone.
"I believe the payments will be for Americans making under $100,000. And I believe it'll be graduated to some level approaching that," he said. "People are walking the hallways here saying 'We're gonna give $1000 checks to people making a million dollars a year' -- not gonna happen!"
If you make $75,000 a year or less you'll get a $1,200 check. Anyone making up to $99,000 will get a smaller check. And families with a household income under $198,000 will get up to $500 per child.
The stimulus plan would be the next step after Tillis voted in favor of a separate bill Wednesday that boosts unemployment benefits, provides food aid and establishes an emergency paid leave program for impacted workers.
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