Stimulus Check 2020
The Second Stimulus Check Includes Direct Payments?: The news of the second stimulus check spread like wildfire. Ever since the government announced the details of the second stimulus check, people have been hopeful.
To give you a basic idea about Stimulus Payments is that the government provides monetary benefits to the taxpayers i-e the citizens. The eligible citizens then spend the money resulting in a spur in their (USA’s) economy.
The first stimulus check happened in 2009 as the United States of America was under recession due to 2008’s economic crises. Barack Obama, the former President of the USA, gave the 1st stimulus check.
The Second Stimulus Check Includes Direct Payments?
Senate Mitch McConnell is one of the powerful governors in Washington. It’s no secret that Mitch McConnell loathes giving federal funds directly to citizens. So, when he said there ‘could be’ the second round of stimulus payments, it is a big deal!
Honestly, we all know that America’s economy is in shambles since President Trump’s reign. Moreover, with the advent of Coronavirus Pandemic, people have been laid off their jobs, and the economic conditions are worsening.
Mitch McConnell said,
“I think the people who have been hit the hardest are people who make around $40,000 a year or less. Many of the work in the hospitality industry. The hospitality industry, as all of you know, just got rim-racked – hotels and restaurants and so that could well be a part of it.”
Direct Payments- Here’s What We Know
As of the payment structure, there are two parts- the HEROES Act and the CARES Act. In the HEROES Act, the government would give funds to citizens who need it as well as college students. However, President Trump did not like the idea and even called it DOA.
The CARES Act, on the other hand, is mainly for the COVID 19 situation that provides a one-time $1200 payments for individuals making up to $75,000 a year.
The CARES Act is less than that of the Democratic party (HEROES Act) which gives $2000 monthly payments until the COVID is done.
However, this can be a sly attempt by McConnell to get his name on the checks. We await the final decision after the Senate comes back from their vacation on 20th July.