Congress is debating another round of COVID-19 stimulus legislation right now. But as the details continue to be hashed out, new evidence keeps mounting that shows just how wasteful and inefficient the first stimulus bill was.
The $2 trillion+ CARES Act, passed in March, sent $1,200 “stimulus” checks to many Americans in hopes of providing relief and stimulating consumer spending. The feds used outdated pre-pandemic tax information to determine eligibility and who to send checks to. This meant that not only were the relief checks not meaningfully targeted to those actually experiencing financial duress amid the COVID-19 lockdowns, but billions in checks were sent to dead people.