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Added on the 10/12/2020 11:55:34 - Copyright : Wochit
The second round of stimulus checks from the US government are going out this week. Business Insider reports the checks will pay up to $600 each, or $1,200 per married couple, plus additional funds for children. According to Congress's bill authorizing the payments, most of the direct cash payments will be sent to qualifying Americans by January 15. To track your payment, visit the 'Get My Payment' section of the IRS website at www.irs.gov/coronavirus/get-my-payment Direct deposits and paper checks are arriving this week.
$600 stimulus checks may be direct deposited as early as Tuesday night. This news comes from US Treasury Secretary Steven Mnuchin, says Business Insider. The $600 is part of the $900 billion coronavirus relief package signed by President Trump. However, the checks were deemed meager by most Democrats and the president himself. The money will hopefully provide a needed boost to the economy slammed by the pandemic. The checks may also prove not to be the last round of economic assistance.
In April 2020, a coronavirus stimulus check of $2,000 was sent to most American adults. Eight months later, Congress agreed on a $900 billion coronavirus relief bill. The new bill would send out another stimulus check, this time worth $600. On Tuesday, Pres. Donald Trump said the checks should be worth $2,000. According to Insider polling, 72% of Trump supporters think $600 is too small.
Trump threatened late Tuesday to veto the $892 billion coronavirus relief bill approved by Congress. This may delay aid for millions on the cusp of eviction and about to lose unemployment benefits. Trump said the bill did not provide enough support for small businesses. He also asked Congress to increase stimulus checks to individuals to $2,000. He called the current offer of $600 for most Americans “ridiculously low”. Nancy Pelosi agrees with Trump and many Democrats are on board to increase the stimulus checks.
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