The second stimulus check package proposed by the White House may pay more amount to some people. However, if this relief aid led by the Democratic or Republic is passed as a law, one section of the people may receive lesser than the previous amount.
Second Stimulus Check- All You Need To Know
On Friday, a discussion was held between Steve Mnuchin, the treasury secretary, and Nancy Pelosi, the house speaker regarding the second stimulus check package. But, they failed to reach an agreement. Since both sides have condemned the agreement, it is still doubtful whether the proposal will pass as law.
The second stimulus check package with a funding of $1.8 trillion is believed to one of the highest-priced proposals put forth by the White House. However, a package worth $2.22 trillion proposed by the Democrats tops the chart.
The amenities to be provided in the new relief package includes a second set of stimulus checks. This is similar to the first relief package passed in March, the Coronavirus Aid, Relief and Economic Security (CARES) Act.
According to the second stimulus check package, those individuals who earn less than $75,000 will be eligible to receive $1200. Joint filers who earn less than $150,000 would receive $2,400.
According to The Washington Post, the dependent children have been made eligible for $1000 under the upcoming stimulus checks package. This amount is much higher than what the CARES ACT provided.
Newsweek sought the White House’s comment on the matter but went unresponsive.
White House’s proposal allows only children under dependants to receive the second stimulus check. This is in sharp contrast with Mnuchin’s remark that in the second economic package, more people would be included under the recipient list. As agreed by both Democrats and Republicans, dependents of all ages would be eligible for the payment.
The Democrats’ Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act that was passed in the House in May allows up to three dependents, irrespective of their age, to receive $1200.
Passed in July, The Republican-backed Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act, lets each dependent receive $500.
Second Stimulus Checks: Opinions
GOP Senator Chuck Grassley said at the Senate that in the previous package, unintentionally people were left out. But this time, dependents would receive the aid irrespective of their age.
With the coronavirus pandemic pushing people more into financial crisis, sincere efforts are being made by the White House to pass the second stimulus check package to enhance the winning chances of President Donald Trump.
However, an agreement has to be reached by the Democratic Party and the White House to provide the second stimulus check. Mitch McConnell, Senate Majority Leader seemed hesitant about the introduction of the relief package before 3rd November.