So the Senate is currently working out the details to the next coronavirus relief package, which will pass once Democrats and Republicans agree on everything in it, but that’s not all that has to happen before qualified Americans can get the stimulus check included. The President has to sign off on it also, and in an interview yesterday, he took issue with the current amount of the stimulus check, which he thinks isn’t enough, and I for one agree.
Even though both sides of the aisle tentatively agreed on a check for $1,200 to anyone making $75,000 or less, like the first check was, Trump wants it to be more. When asked by WMID in Texas this week, “Is $1,200 enough?” Trump responded, “We’re going to see. It may go higher than that actually.” He went on to state:
“I’d like to see it be very high because I love the people. I want the people to get it, you know. The economy is going to come back. We just had tremendous job numbers as you know it was just announced. We had great retail sales numbers, so this is all coming back. We had the greatest economy we’ve ever had and we had to close it up because you know we had to do it. We saved millions of lives by doing that, but now we’re bringing it back and now it’s going to come back. We gotta take care of the people in the meantime.”
He might have a difficult time accomplishing that. Some Republicans already think the $1 trillion price tag on the bill is too high, so adding more to it might be a hard sell. As it stands, a $1,200 check will go to anyone making less than $75,000, while those who earn more will get $1,200 minus 5% of the amount they make over $75K. Meanwhile, joint filers earning less than $150,000 get the full benefit and those who make more will have their check reduced by 5% of the amount over $150K they earn. Anyone qualified will also receive $500 extra for any dependents.
No word on when the stimulus checks will go out though as there are a lot of things left for Republicans and Democrats to agree on. Other sticking points are unemployment benefits, state and local financial assistance, and liability protection for businesses, schools and hospitals. Hopefully they can come to an agreement fast and pass a bill before August 7, when the Senate takes their summer recess. If they do, expect checks to go out about 13 business days after a package passes. However, if they can’t agree on a bill before their recess or if Trump vetoes it, you might not see a check until October. This doesn’t work for most Americans struggling to pay for rent, food, and bills which are piling up while most of us are stuck not being able to work or find a job. Honestly they should just give everyone who made less than 75k last year a $2,500 check a month for the rest of this year or until we have a handle on this virus. This is the only way to keep the economy moving, and we need to not give another dime to Millionaires, and Billion Dollar companies. I mean they’re BILLIONAIRES! They don’t need more money.