It included a plan for direct cash payments to many Americans. Hundreds of billions of dollars would be sent in checks -- $1,200 per adult for many families as well as $500 for every child. The size of the checks would diminish for those earning more than $75,000 a month and phase out completely for those earning more than $99,000. Poorer families would be given not less than $600 a month.
It also included $350 billion for small businesses to stem the tide of layoffs and more billions for hospitals. And it set aside a massive $500 billion as aid to businesses, states, and localities – all at the discretion of the administration’s Treasury Department.
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