The Secret Service provided first pictures of the new physical stimulus checks on Monday, confirming President Trump’s name would be on the checks for verification and security reasons.
All Americans who qualify for the economic stimulus made available through the Coronavirus Aid, Relief, and Economic Security Act (or CARES Act) will soon receive the money—if they have not already—either through direct deposit or via a physical check.
As Axios reports, Trump said last week during a White House coronavirus briefing that people would “be very happy to get a big, fat, beautiful check, and my name is on it.”
Check it out:
Here’s what the Treasury checks with Trump’s name look like pic.twitter.com/yC9WWKA2OQ
— Kevin Liptak (@Kevinliptakcnn) April 20, 2020
According to Axios, Treasury Secretary Steven Mnuchin initially pitched the idea of putting Trump’s name directly on the check.
“He is the president, and I think it’s a terrific symbol to the American public,” Mnuchin told CNN’s “State of the Union” on Sunday.
The Washington Post reports the Treasury Department said the decision to add the name did not delay the initial schedule to send out the checks.
The $1,200 paper checks will be sent out to 70 million Americans in the coming days. This will be the first time a U.S. President’s name will appear on a stimulus check.
“Economic Impact Payment checks are scheduled to go out on time and exactly as planned — there is absolutely no delay whatsoever,” a Treasury Department spokeswoman said via the report.
“In fact, we expect the first checks to be in the mail early next week which is well in advance of when the first checks went out in 2008 and well in advance of initial estimates,” she added.
Here’s more from the Washington Post:
An IRS representative on Tuesday referred questions to the Treasury Department. After this article was published, the IRS released a written statement on Wednesday that said: “Thanks to hard work and long hours by dedicated IRS employees, these payments are going out on schedule, as planned, without delay, to the nation.”
The paper checks are scheduled to be issued at a rate of 5 million each week until September, starting with the lowest-income taxpayers.
The $2 trillion stimulus, the government’s largest and most recent coronavirus rescue package, was passed by a bipartisan vote in Congress and signed by the president. The checks to individual taxpayers were not originally Trump’s idea, but he embraced them after Sens. Josh Hawley (R-Mo.) and Mitt Romney (R-Utah) proposed them.