[Rewritten and republished early on 4/17/2020.]
The most recent coronavirus relief bill promised $1,200 to help American taxpayers get through the current pandemic, but it has been nearly a month and those checks have only just started to arrive.
Meanwhile, lawmakers are busy negotiating the next round of relief and have already discussed expanding the existing $350 billion fund for small business loans. With studies and common sense both suggesting Congress may also need to fund at least one more round of personal stimulus checks before this crisis is over, it’s worth reflecting on how a program like this could and should have been constructed to better serve the American people.
The most important quality of payments like these — indeed, almost the whole point — is that they need to get out the door as quickly as possible. When 49% of Americans were already living paycheck to paycheck back in February, even before millions lost their jobs in the span of a few weeks, expecting anyone to wait any longer than necessary for relief is unreasonable. The economy may well survive a few weeks in stasis, but people can’t yet; food and other basic necessities must be addressed far more quickly.
Agreement on that the importance of haste is clear from the way early proponents described the program. Here’s Utah Senator Mitt Romney, who first brought widespread attention to the possibility of a coronavirus stimulus:
Continue reading Use the Census Bureau, not the IRS, to distribute coronavirus stimulus checks