Trump's Ego May Delay Your $1,200 Stimulus Check - 2020-04-15
The economic impact of COVID-19 is gargantuan and the decline is tragically affecting the lives of millions of Americans. 17 million have filed for unemployment in the last three weeks, there are mile long lines at food banks, and nearly one third of Americans didn't pay their rent in April. After finally passing the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes the disbursement of $1,200 stimulus checks to many individuals, the Treasury Department has decided to stop the printing presses momentarily. Why?
The issue boils down to a simple question: What matters more during a crisis, getting stimulus checks to individuals in need as quickly as possible or ensuring that the checks bear President Trump's name? Sadly, the Treasury Department and Trump believe the latter.
The Treasury Department has instructed the Internal Revenue Service (IRS) to print Trump's name on the "memo" line of the stimulus checks it will soon mail out to tens of millions of people. According to multiple IRS officials, this decision will delay the issuance of paper checks as the IRS information technology team needs to make a programming change before the checks are passed to the Bureau of Fiscal Service for printing and issuing. Chad Hooper, national president of the IRS's Professional Managers Association, told The Washington Post that "any last minute request like this will create a downstream snarl that will result in a delay."