The IRS just made a major announcement about stimulus checks

[Andy Meek]

A couple million Americans finally have a new stimulus check coming their way from the IRS.

The tax agency has announced that it just pushed out nearly 2 million stimulus payments that comprise the seventh batch of checks stemming from the $1.9 trillion coronavirus relief legislation that President Biden signed into law last month. This follows the sixth batch of payments (which also comprised another 2 million of the $1,400 stimulus checks) that we told you about after the IRS sent out that batch last week. Including these newest payments, this brings the total number of checks distributed thus far to 163 million stimulus payments, with an approximate value of $384 billion. Take another look at that number, by the way, before we move on. This whole thing is ostensibly called a stimulus program, in that it's meant to stimulate the economy once we all spend our checks, but that, of course, is only what happens at the end of the chain of events. What actually sets all this in motion is a breathtakingly large transfer of wealth, comprised of the government simply handing Americans a few hundred billion dollars.

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The IRS just made a major announcement about stimulus checks originally appeared on BGR.com on Thu, 29 Apr 2021 at 10:33:42 EDT. Please see our terms for use of feeds.

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