Here's what we know about a potential second round of COVID-19 stimulus checks
Will another check soon be in the mail? Photo: Eric Gay/AP/Shutterstock For many Americans who haven’t lost jobs or don’t own businesses, the central feature of the CARES Act — passed in March to offset the economic effects of the coronavirus pandemic — was the $1,200-per-person payments it authorized.
What Are Democrats Proposing for a Second Round of Payments? House Democrats proposed a similar second round of stimulus checks in the so-called Heroes Act they passed back on May 13. The income thresholds and individual check amounts were the same, but the payment for dependent children was boosted from $500 to $1,200, up to a limit of three. So a two-parent family with three kids and income under $150,000 could receive total payments of $6,000 .
More generally, many congressional Republicans and conservative opinion leaders have argued for a “pause” in stimulus efforts until the $2.2 trillion authorized by the CARES Act is fully distributed and states are given the opportunity to reopen businesses. They also are very focused on providing corporations with a liability shield against coronavirus-related lawsuits and damage claims.
Most recently, McConnell talked publicly of a $40,000 income cap for eligibility for a second check, as compared with the $75,000 limit on the first check. According to one estimate, that would keep 20 million Americans who received the first check from qualifying for a second. Despite all of the back-and-forth, when the White House and Senate Republicans finally unveiled their own overall stimulus package , it included a second $1,200 stimulus check that’s basically identical to the first in terms of amounts and eligibility.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street rises as investors monitor progress of stimulus and virusWall Street's main indexes were higher on Monday as investors monitored progress in government stimulus efforts along with rising U.S. COVID-19 cases and restrictions around the world.
Weiterlesen »
Republicans’ COVID Relief Bill to Include Second Round of $1,200 Stimulus ChecksAfter months of delay, Senate Republicans on Monday will propose a $1 trillion bill with an eviction moratorium and a second round of $1,200 checks.
Weiterlesen »
Spain sheds record number of jobs in second-quarter as COVID-19 bitesSpain lost one million jobs between April and June, its biggest ever quarterly decline, as one of Europe's strictest coronavirus lockdowns pulverised the tourism-dependent economy, official data showed on Tuesday.
Weiterlesen »
Coronavirus updates: Hunger due to COVID-19 killing 10,000 children per monthCORONAVIRUS LATEST: • COVID-19 linked hunger killing 10,000 children per month, says UN. • Pandemic has killed more than 650,000 people across the globe. • Over 16.3 million people have been diagnosed with COVID-19.
Weiterlesen »
Essential California: The vaccine raceThe world's biggest COVID-19 vaccine study got underway Monday
Weiterlesen »
Germany's new virus cases fell to below 500 a day for weeks. Now they've topped 800Just as it seemed that Europe was getting to grips with Covid-19, the virus appears to be spreading again, with more than 800 new cases reported in a day in Germany.
Weiterlesen »