Stimulus check 2 and CARES Act 2 plan coming next week, says McConnell

Stimulus check 2 and CARES Human action 2 plan coming next calendar week, says McConnell

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Funding for a stimulus check two is part of Senate Republicans' forthcoming economical-aid package, which will be called CARES Deed ii and introduced next calendar week, Sen. Majority Leader Mitch McConnell said on the Senate floor yesterday (July 23) as stimulus check and bill discussions connected with the White House.

As the new bill'southward name suggests, it will look like to March's CARES Act. But while the first bill allocated $2 trillion for economic stimulus, McConnell's CARES Act two would offering about $1 trillion in stimulus money to adjourn the ongoing impact of the COVID-19 pandemic.

Here's what we know almost stimulus check 2
This stimulus check two figurer tells you how much to expect

Next week, nosotros could run into more than details about funding for schools, healthcare and businesses, simply all eyes are on whether a 2d circular of directly payments volition be coming for millions of Americans.

Neither McConnell nor other Republican lawmakers involved in stimulus bank check ii negotiations have shared specifics, only it's become articulate that the language in the first CARES Act volition be echoed in McConnell's proposal.

"Nosotros're talking about the same provision as last time, so our proposal is the verbal same proposal as last time," U.Southward. Treasury Secretarial assistant Steven Mnuchin, who represents the White House in the stimulus-package discussions with Republican senators, told reporters.

2d $1,200 stimulus check qualifications

If the Senate Republicans and the White House concord to some other round of $1,200 directly payments to individuals and families in their upcoming proposal, those who were eligible for the first stimulus check could see the same stimulus check 2 amount.

In the first round of stimulus checks, single taxpayers earning less than $75,000 per yr and married taxpayers earning less than $150,000 per yr received $one,200 per private, with prorated benefits for those earning up to $99,000 and $198,000, respectively.

The HEROES Act, a stimulus packet passed by the Democrat-led House in May, would aggrandize second-round payments to give $i,200 per dependent in each household, up to $6,000 total. Information technology's unclear whether the Senate has scrapped this initiative in its own version of a new aid beak.

The Republican-controlled Senate's planned proposal next week is meant to counter the HEROES Act so that the two chambers, and the 2 parties, tin begin negotiations and somewhen accomplish a consensus bill that President Donald Trump would exist willing to sign.

Stimulus check 2: Who does (and doesn't) qualify for payments?

Trump payroll tax cut scrapped

Trump fabricated clear in contempo weeks that a payroll tax cut, which he solitary was a potent proponent of, would be a sticking point in the negotiations. However, The Washington Postal service reports that Senate Republicans dropped dropped the payroll-taxation cut language from the pecker Th. Trump chimed in on Twitter about the pivot away from his stimulus-plan demands.

The Democrats have stated strongly that they won't approve a Payroll Tax Cut (also bad!). It would exist great for workers. The Republicans, therefore, didn't want to ask for information technology. Dems, as usual, are hurting the working men and women of our Country!July 23, 2020

Meet more

Senate lawmakers are on a tight timeline to finalize a proposal and smooth out a stimulus check two date. If a bill doesn't laissez passer before Aug. 10, when the Senate is scheduled to continue a recess, Americans could be waiting on benefits well into September.

Kate Kozuch is a senior writer at Tom's Guide covering wearables, TVs and everything smart-habitation related. When she's non in cyborg mode, you can find her on an exercise bike or channeling her inner celebrity chef. She and her robot army will rule the world 1 day, but until and then, reach her at kate.kozuch@futurenet.com.