Senate Leader Mitch McConnell Confirmed Another Round of Stimulus Payments for Americans
By Sade Teel, Space Coast Daily // July 29, 2020
second stimulus check will be same as the first
BREVARD COUNTY, FLORIDA – Senate Leader Mitch McConnell recently confirmed another round of stimulus payment for Americans.
In the first round of stimulus payment also known as the CARES Act, The U.S. government sent about 150 million payments worth $269 billion, according to a June Government Accountability Office report.
The first-round of stimulus payments delivered direct payments of up to $1,200 for individuals and $2,400 for families. Eligibility was based entirely on income and excluded individuals earning more than $99,000 and married couples without children earning more than $198,000.
“Speaking on building on what worked in the CARES Act, we want another round of direct payments to help American families keep driving our national comeback,” McConnell said.
In May, Congress passed a 3 trillion-dollar package, the HEROES Act, which included another round of stimulus check, but it never reached the Senate.
President Trump has expressed in recent press conferences that he is all for a second round of stimulus payments. In a report by CNBC, Trump said, “I think we’re going to be helping people out” and “getting some money for them.”
According to reports, the U.S. Treasury Secretary Steven Mnuchin confirmed that the second stimulus check will be the same as the first.
Income qualifications for stimulus checks are based on your adjusted gross income:
■ Single filers with an adjusted gross income of up to $75,000 per year qualify for $1,200
■ Joint fillers that had a combined gross income up to $150,000 qualify for $2,400
■ An additional $500 for dependent children, ages 17 and younger, up to three
The noticeably lower income cap compared to the criteria for the first round of stimulus payments may mean less Americans will receive payment.
United States Representative Kevin McCarthy said that he doesn’t expect the bill to get done by July and it will probably be the first week of August before the second stimulus payment becomes a law.
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