More stimulus checks are likely to be coming to US residents as both parties now support including them in the next federal coronavirus aid bill.
What We Know:
- Congress has reportedly agreed to include a second round of stimulus checks in the next relief package, a proposal of a one-time $1,200 check per American earning up to $75,000. With Americans in a money crisis due to the coronavirus pandemic, financial help is in the midst.
- Single adults who reported an adjusted gross income of $75,000 or less on their 2019 tax returns would receive a one-time check for $1,200, and married couples who filed jointly will receive $2,400. These checks were possible through the CARES Act that was passed by Congress.
- “We do envision direct checks again,” Senate Majority Leader Mitch McConnell said Tuesday, commenting on the Republican plan. He said the stimulus checks have “fairly significant support” in his caucus.
- The second round of checks would come from The Health and Economic Recovery Omnibus Emergency Solutions, or Heroes Act, which is a “bold and comprehensive coronavirus response bill that will meet the challenge this pandemic poses to our nation.” The Heroes Act includes aid for those who were not eligible for CARES Act and includes $1,200 per US resident up to $6,000 per household. Payments could be distributed in August, should the next bill be passed and signed by the president.
- The CARES Act excluded adult dependents and some living in marginal conditions, including immigrants and their families. Still, the main difference between the Heroes Act and the CARES Act is the Heroes Act was created to be more comprehensive and touch on the flaws that were in the first relief package.
- Much more controversial is the $600-per-week federal unemployment benefit set up by Congress in response to the pandemic is set to expire this weekend, and it is not clear if Congress will pass an extension.
Much of the future payments remain unclear, including who will be eligible and the amount of the payment. Finding common ground on those questions could take days and even weeks.
