stimulus check news

Is a second stimulus check closer to being a reality?

As the economic and health crisis that Covid-19 has brought on continues, Americans who are experiencing economic difficulties due to lack of employment and to an economy that has not yet recovered, are anxiously waiting for more state aid to arrive. 

This week, House Democrats have introduced a new, $2.2 trillion updated bill that reduces the total size of the aid they previously sought, with the aim of bringing Republicans closer to a deal.

According to CNBC, the proposal, still referred to as the HEROES Act, includes a second round of $1,200 stimulus checks, for which more people would be eligible and also includes $600 per week in enhanced federal unemployment benefits through January.

House Democrats are proposing payments of up to $1,200 per individual or $2,400 per married couple who files jointly, plus $500 per eligible dependent, just as they did before, but now full-time students who are younger than 24 and adult dependents also would be eligible for those $500 payments. 

This means some families would be receiving more money than they did in the first round of direct payments for dependent pay in the first checks only went to children under age 17.

Another change Democrats are seeking is to make taxpayers with  Taxpayer Identification Numbers (and their  American spouses and children) and not just people with Social Security numbers eligible to receive the money.

The new checks would also be based on 2018 or 2019 federal tax returns and would be exempt from being reduced or offset for past-due child support, unlike the first checks. Democrats are also calling for the second checks to be protected from garnishment.

Federal beneficiaries — those who receive Social Security, Supplemental Security Income, veterans, or railroad retirement benefits — would get their payments automatically even if they did not file 2018 or 2019 returns.

There are a number of items that both parties want: the Paycheck Protection Program, child care, enhanced federal unemployment payments, stimulus checks, and airline industry funding, but the Democrats’ $2.2 trillion proposal is still far from the $1.2 trillion in spending Trump has said he will support. 

Both parties would potentially have to meet in the middle in order to finally reach a deal, after months of stalled talks that have left Americans with much less financial aid than they are needing.
 

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