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Home / US / Second Stimulus Checks May be higher than $ 1,200

Second Stimulus Checks May be higher than $ 1,200



This story is developing.

President Donald Trump said today that second-stimulus checks could be higher than $ 1

,200.

Here’s what you need to know.

Second Stimulus Controls

During a trip to West Texas today, Trump spoke exclusively with Katie Orth of WMID in Newfoundland. During the interview, Orth asked Trump if $ 1,200 is enough for a second stimulus check. Here is how Trump responded:

Katie Orth: Is $ 1,200 enough?

President Trump: See you. It may go higher than it actually is.

Katie Orth: Where would you like to see it?

President Trump: I want to see it be very high because I love people. I want people to get it, you know. The economy will recover. We just had tremendous work numbers as you know it was just announced. We’ve had huge numbers of retail sales, and it’s all coming back. We had the biggest economy we ever had and we had to close it because you know we had to make it. We have saved millions of lives by doing this, but now we are getting it back and now it will come back. Meanwhile we have to take care of people. “


Will the second stimulus check be over $ 1,200?

Trump made it clear earlier that he wants a second stimulus check that is bigger than the Democrats ’proposals. In the Heroes Act – the $ 3 trillion stimulus package passed by the House Democrats – the second stimulus check is $ 1,200. This implies that Trump wants a second stimulus check that is over $ 1,200. Whether Trump’s comments today mean that a second stimulus check could eventually be more than $ 1,200, or whether there are discussions about an increase in the amount of a second stimulus check, is unclear. On Monday, Senate Republicans announced the Preparedness Act (Health Act, Economic Assistance for Accountability and Schools Act), a proposed stimulus package of ‘$ 1 trillion as a follow-up to the Cares Act and a response to the Heroes Act. While Senate Republicans included a second stimulus check in the Preparedness Act, a second stimulus check is proposed as $ 1,200. This is the same amount also confirmed by Treasury Secretary Steven Mnuchin, and the eligibility criteria for the second stimulus check are the same as the first stimulus check in the Cares Act.


How much are you checking for the second stimulus?

To date, both Republicans and Democrats have once proposed a second $ 1,200 stimulus check for individuals who meet income and other needs. There is no current indication that the amount of the second stimulus check will be more than $ 1,200, although proposals and numbers may change in the coming weeks as Congress completes the final proposal of a stimulus package. If the amount of the second stimulus check is raised above $ 1,200, it increases the overall cost of the Damage Act, which some conservative Senate Republicans want to avoid, unless Republicans The Senate cut other programs from the proposed stimulus package. Currently, Republicans and Democrats – who are following this stimulus timeline – may agree on a second stimulus audit, but are $ 2 trillion apart on their respective stimulus packages. . According to Senate Lindsey Graham (R-SC), about half of Republicans could vote against the Republican stimulus package. Republicans and Democrats differ on the amount of dependent stimulus payment. Currently, Republicans propose up to $ 500 per dependent, while Democrats want $ 1,200 per dependent, with a maximum of three dependents. It is possible that the final payment of a dependent stimulus may change, which may increase the total payment of a stimulus received by an individual or married / joint filer.


Related resources

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