Marc Gerson Comments on Proposed Stimulus Checks in Bloomberg
"White House Wants to Send Individual $1,000 Stimulus Checks Now"
Marc Gerson, former tax counsel to the U.S. House of Representatives Committee on Ways and Means, commented on the Trump administration's proposal to send direct payments to Americans as part of a stimulus plan in response to the ongoing coronavirus outbreak. It's quickest and simplest for Congress to send the same amount to every individual person, but still will take months to happen, Gerson said. If lawmakers decide to give more money to lower-income workers, it becomes even more complicated, he added. "There are practical limitations with cutting checks."