By Senator Anthony Williams
On March 27th, President Donald Trump signed a $2 trillion bipartisan stimulus package to help all Americans through the COVID-19 pandemic. Individuals will receive assistance through expanded unemployment coverage, changes to federal student loans, and payments up to $1,200 for individual citizens with Social Security Numbers.
Single adults who have an adjusted gross income of $75,000 or less will get the full $1,200. For every child under the age of 16 who is claimed as a dependent, an additional $500 will be received. Married couples with no children earning $150,000 or less will receive a total of $2,400. Taxpayers filing as head of household will get the full payment if they earned $112,500 or less in 2019. Above those income figures, the payment decreases until it stops altogether for single people earning $99,000 or married people who have no children and earn up to $198,000.
Distribution to individuals and families of this stimulus money is based on the filing of one’s 2019 federal income tax form.
Those who receive Social Security are still eligible for this stimulus distribution.
Federal Treasury Secretary Steven Mnuchin expects these checks to go out within three weeks.
I, Senator Williams, will be introducing legislation entitled “Pennsylvania Common Wealth Fund” that would allow those who receive federal stimulus money the option to have it redistributed to those more in need then themselves. This restricted account would give Pennsylvanian’s the option to redistribute stimulus money to state programs such as property tax & rent rebates, temporary assistance for needy families, CHIP or medical assistance.
