Republicans and Democrats are coalescing around a plan to send money to U.S. households, and they’re trying to figure out how quickly they can do it.
Congress is coalescing around the idea of sending money to individuals to ease the economic disruption from the coronavirus outbreak, and the Treasury Department wants to distribute cash as fast as possible, said Treasury Secretary Steven Mnuchin.
“A tolerance for error is kind of necessary for this situation,” said Jack Smalligan, a former Office of Management and Budget official who retired in 2018. Since then, the IRS budget has been repeatedly cut in real terms. The tax agency now has about 23% fewer people than it did. Depending on how the law is written, the easiest people to pay quickly include those who already receive benefits from the Social Security Administration and the Department of Veterans Affairs. The government already sends them money routinely, which means it has accurate bank-account information.
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