Most of the US citizens are waiting for their second stimulus check payments as the COVID-19 pandemic has shut down the economy. While the Republicans and Democrats might not agree on anything, Trump will still issue another round of Coronavirus relief package.
The CARES Act was passed in March and lawmakers will decide on the second round of corona stimulus check in late July so that money can be sent out to the citizens in August. It would take around seven weeks for the money to reach the citizens but the IRS already have done it before, so that won’t be a problem. The only thing that the unemployed Americans are concerned about is that will Trump provide a second round of stimulus check payment or not.
Trump, Republicans ,and Democrats on the Second Stimulus Check
Trump has called out for the second round of stimulus checks claiming that he will provide bigger numbers as compared to the Democrats. Whereas, Treasury Secretary Steven Mnuchin has said that the unemployment benefits won’t cross more than 100 percent of what the recipients used to earn before the Coronavirus outbreak.
It's been almost TWO MONTHS since I voted for a second stimulus check – but Mitch McConnell and the Senate are nowhere to be found. Share to spread the word – we need another round of checks!
— Josh Harder (@JoshHarder) July 10, 2020
Nancy Pelosi, the Speaker of the House has rejected President Trump’s call to limit the coronavirus relief package to just a trillion dollars. Pelosi suggests that at least a $2 trillion package should be provided to the people so that they can survive in the pandemic with their stimulus check money.
How much Money is there in the Second Coronavirus Stimulus Payment?
As per the Heroes Act, the people who are making less than $75,000 annually will receive a stimulus check of $1,200 deposited directly into their bank account if they have paid their taxes. While the married couples whose joint income is less than $150,000 will get $2,400 as part of the coronavirus relief package.
Apart from that, families will also receive an additional $1,200 per dependent member up to three dependents, making the highest stimulus package for a family equal to $6,000. The second round of stimulus check payment will be announced soon and the eligible citizens will get the money next month.