Everything you need to know about a second round of coronavirus stimulus checks (via CNBCMakeIt)
House Speaker Nancy Pelosi, D-CA, delivers a statement on the Heroes Act aid package introduced by House democrats, May 12, 2020 on Capitol Hill, in Washington D.C. due to coronavirus shutdowns, Democratic lawmakers are proposing a second round of stimulus checks to provide some financial relief, potentially worth more than the first round.
The checks have provided something of a cushion to the tens of millions of people who are out of work or have had their hours reduced, though many critics and lawmakers said they did not go far enough.a second round of direct payments is "necessary" for the survival of many Americans, and that they would help stimulate the economy.Where does the legislation stand?HEROES Act
However, even if the bill is passed in the House, it is unlikely to make it through the Republican-controlled Senate, at least in its current form, The income eligibility thresholds would be the same as the first round of checks: Individuals earning up to $75,000 and couples earning up to $150,000 would receive $1,200. After that, the checks would completely phase out at $99,000 for individuals and $198,000 for couples.Unlike the first round of checks, all dependents would be eligible for the additional credit, not just those under 17. And that credit is worth much more: $1,200, compared to $500 for the first round.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
House Democrats propose a new coronavirus stimulus relief bill. It includes a second round of $1,200 checksCongressional Democrats proposed a new stimulus package on Tuesday. The bill calls for a second round of stimulus checks of $1,200 per individual, or up to $6,000 per household.
Weiterlesen »
Democrats push to strengthen stimulus oversight in next round of coronavirus legislationA group of House and Senate Democrats seeking stronger oversight of the massive coronavirus relief programs is introducing a new bill to force companies to publicly report how they're using the funds, and to beef up the oversight of the small business aid program. Elizabeth Warren, D-Mass., Chris
Weiterlesen »
House Democrats push new round of stimulus checks in coronavirus billHouse Democratic leaders are pushing for another round of stimulus payments of up to $1,200 per person in new coronavirus relief legislation that's headed for a vote on Friday.
Weiterlesen »
Will there be a second round of coronavirus stimulus checks? Probably not soonAs the economy continues to slide, there is a proposal for a second coronavirus stimulus, but its passage doesn't look likely in the near-term.
Weiterlesen »
Model and activist Adwoa Aboah on isolation and #CopingTogetherTo encourage people to stay connected and focus on their mental well-being during the pandemic, model and activist Adwoa Aboah has launched an initiative called CopingTogether through Gurls Talk, an online community she co-founded in 2015.
Weiterlesen »
Former Trump campaign chairman Paul Manafort released to home confinement amid coronavirus concernsFormer Trump campaign chairman Paul Manafort released to home confinement amid coronavirus concerns, two sources say.
Weiterlesen »