Trump-Mnuchin, Sen. McConnell, and Sen. Schumer have all proposed "stimulus" plans in response to financial hardships due to the coronavirus.
Relying on the news stories I have seen, Trump-Mnuchin's plan is stupid in my opinion. It pays everybody and hence is far off-target. Why send $1,000 to Warren Buffett, Bill Gates, Jeff Bezos, the Clintons, or even me? Why send $1,000 to people who are retired, people who still have good paying jobs, or are wealthy? Sen. McConnell's plan is quite a bit better. His plan gives $1,200 to singles with 2018 adjusted gross income (AGI) < $75,000 and married filing jointly couples with 2018 AGI < $150,000. It gives $0 to singles with 2018 AGI > $99,000 and married filing jointly couples with 2018 AGI > $198,000. However, the link between 2018 AGI and current financial difficulty is weak. While Sen. Schumer's plan lacks detail, I believe his basic idea of expanding unemployment compensation is far more on-target -- people who were employed, but lost their jobs due to the coronavirus. Many of them were in low-paying jobs that were hit hard, e.g. at restaurants. His plan is probably slower to implement, but its aim is far better.