"That is going to be part of the new package," the White House economic adviser told CNN's Jake Tapper.
As the financial fallout from the pandemic is set to enter a troubling new phase, White House economic adviser Larry Kudlow said a new coronavirus relief bill will include a second $1,200 stimulus payment for eligible Americans.
If a stimulus bill is passed, it would be the second direct payment sent to millions of Americans since the pandemic began. The original Coronavirus Aid, Relief and Economic Security Act paid up to $1,200 per eligible American adult. It’s unclear what income limits or other qualifications a second round of checks would include, although the previous payment went out in full to those who qualified and made less than $75,000 individually per year.
“The direct payments are a much quicker way of effectively giving everybody a tax cut, and is much quicker than the payroll tax cut,” Mnuchin told “Fox News Sunday.”
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Kudlow says coronavirus relief will include $1,200 checks and extension of eviction moratoriumCard-description
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Coronavirus relief will include $1,200 checks and extension of eviction moratorium, says Kudlow“There’s a $1,200 check coming, that’s going to be part of the new package,” White House economic adviser Larry Kudlow said in an interview on Sunday.
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Kudlow suggests extension of federal eviction ban is in worksThe White House economic adviser argued a “V-shaped” economic recovery is still in place and offered a rosy economic outlook amid the pandemic.
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Kudlow, Mnuchin are still pointing to a 'v-shaped' economic recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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