Second stimulus could get you even MORE money than $1,200 checks… if it passes
THE SECOND stimulus package could see Americans receiving even more money than the $1,200 checks – if the bill is passed. Treasury Secretary Steve Mnuchin said Democrats and Republicans are working to come to a deal on coronavirus checks before heading into a month-long recess on August 7. The Senate is currently discussing providing additional benefits to residents on top […]
THE SECOND stimulus package could see Americans receiving even more money than the $1,200 checks – if the bill is passed.
Treasury Secretary Steve Mnuchin said Democrats and Republicans are working to come to a deal on coronavirus checks before heading into a month-long recess on August 7.
The Senate is currently discussing providing additional benefits to residents on top of the stimulus checks.
Negotiations between the two parties have slowed to a crawl as Speaker of the House Nancy Pelosi refused to back down over the amount of unemployment relief on offer.
“I think that the number, the $600, is related more to the unemployment rate. If the unemployment goes down, then that number can go down,” she told CNN over the weekend.
At his weekly Senate Republican leadership press conference, McConnell was asked about Pelosi’s refusal to budge on the newly proposed stimulus package.
“Wherever this thing settles between the president of the United States and his team, who has to sign it into law, and the Democrat, not insignificant minority in the Senate and majority in the House, is something I’m prepared to support,” he said.
“Even if I have some problems with certain parts of it.”
Despite calling it a “crazy policy” back in May, McConnell’s comments appeared to announce a shift in tone towards the package.
“We know this is going to be a negotiated settlement,” McConnell continued. “It’s not going to produce a kumbaya moment like we had back in March in April where everybody voted aye. But the American people in the end need help.”
The Democrats are reportedly refusing to accept anything less than the return of the $600 unemployment checks.
There are two additional benefit categories for the Senate to discuss including offering aid to states that are facing budget shortfalls due to the coronavirus.
However, GOP reportedly do not want to be seen as “bailing out” states that “mismanaged” themselves.
The other potential benefit is providing a liability shield for businesses.
The aim would be to prevent a wave of lawsuits, for example, stemming from businesses reopening during the pandemic.
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The $1,200 stimulus check benefit could land within a few weeks if Congress passes a deal and President Donald Trump signs off on the bill straight away, according to Mnuchin.
“If I could get it [HEALS Act] passed tomorrow, I could start printing them the following week,” Mnuchin told reporters on Sunday.
“I could have them out immediately.”