Stimulus Check 2 Bill may Include "More Money"

Stimulus Check 2 Bill may Include "More Money"

Negotiations for the second round of the stimulus package may start from scratch with a key change: more bailout money. Now that the Senate recess has been postponed, lawmakers appear willing to expand funding for the next stimulus bill if it will end the stalemate created by the HEALS Act.

In an interview with CNBC on Monday, Treasury Secretary Steven Mnuchin, representing the White House in the debate over the two stimulus check bills, said he is "ready to put more money on the table."

"The President is determined to spend what he has to spend. We are prepared to put more funds on the table."

The Treasury Secretary added that Democrats involved in negotiating Stimulus Check 2, including House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, "are willing to compromise."

This comes after negotiations on the stimulus bill stalled on Friday because the parties involved could not agree on how much money to allocate for enhanced federal unemployment benefits and other relief measures. President Trump responded with a series of executive actions in a series of bills, one of which would extend unemployment benefits at a reduced rate of $400 per week.

However, one thing all negotiators, including President Trump, agree on is a second round of direct payments to low-income Americans in the form of a stimulus package2. There are several proposals to consider, but most lawmakers seem to be in favor of another $1,200 check for those who qualify for the CARES Act in March.

There are a variety of approaches to the stimulus package2, but Americans who received a check for $1,200 under the CARES Act are likely to receive a second check for the same amount.

Singles with annual incomes up to $75,000 and married people with annual incomes up to $150,000 would be eligible to receive the full amount.

Income earners over $75,000 or $150,000 but under $99,000 or $198,000 will receive their checks on a pro-rated basis. Income earners above the maximum receive nothing.

In addition, families with dependents may receive increased benefits: the Senate HEALS Act adds $500 per dependent, regardless of age, including college students and disabled adults. This Stimulus Check 2 calculator shows how much you could get under the HEALS Act.

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