July 6, 2020 Update:
We are now hearing more good news coming from the White House regarding more stimulus checks.
Speaking to reporters today, White House chief of staff, Mark Meadows reiterated the support for more checks from the president and also mentioned additional measures that the president has supported like a reduction of payroll taxes.
“I think the president’s been very clear that he’s supportive of another stimulus check,” Meadows said. “And yet at the same time, we want to make sure that we’re addressing things in a real, systemic way, whether that is making sure that the take-home check for every American is greater with a payroll-tax deduction, whether it’s making sure that we provide incentives for American manufacturing to be brought back from abroad.”
At this point, I think we have just about all the support we could possibly need from the White House when it comes to more stimulus checks.
President Trump is clearly on board.
When asked in an interview with Scripps (local TV news) whether he’s going to give Americans another round of checks, Trump responded: “Yeah, we are. We are.”
When asked how much money it will be, he simply responded, “You’ll find out about it. You’ll find out.”
He also claimed that the next stimulus package will be “very generous.”
And last week we heard Treasury Secretary Steven Mnuchin confirm that the stimulus checks worked very well when he stated:
“We’re going to seriously consider whether we need to do more direct payments,” Mnuchin told reporters on Thursday. “Worked very well.”
It’s true that ultimately the Senate needs to get on board in order for more checks to go out but we also have indications that even Republican senators are getting on board.
So things are looking very hopeful and if you are anticipating more aid I think it is more likely than not that you will receive something, most likely in late August or September.
Original article:
It looks like there is good news regarding another round of stimulus funding and this time the good news is coming from the White House.
In an interview this morning on Fox News, Senior White House Adviser Kevin Hassett said there “definitely” will be another stimulus package.
This is coming at a time when there are early indicators that the economy is starting to kick back up. One of the biggest signs was released this past week when we saw the unemployment rate drop from 14.7% in April to 13.3%.
Those unemployment numbers are still sky high but it does show that jobs are being added.
In fact, the US economy added 2.5 million jobs in May.
So as jobs come back and businesses begin to reopen, the need for an additional stimulus package becomes less and that is why some people are on the fence about the odds of another stimulus package.
But note there is a difference between a stimulus package and a stimulus package containing an additional round of stimulus checks.
Right now, lawmakers seem pretty certain that an additional stimulus package will roll out.
What exactly will be in there is not 100% clear yet.
Republicans definitely seem set on liability protections for employers. Basically, they want companies to be protected when it comes to bringing their employees back to work when they could become infected.
Democrats are pressing for aid to states and local governments.
And of course, they are also backing one more round of stimulus checks that would pay out in approximately the same way that the first round did with some exceptions.
But there is some strong opposition from Republicans regarding sending out one more round of checks.
Sen. Mitt Romney (R-Utah) flat out stated the prospect of another round of stimulus checks is “unlikely.”
So at this point it’s looking pretty certain that we will see one more stimulus package come out but it’s still not clear if that package will include stimulus checks.
Related
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White House says stimulus checks “worked very well”
Stimulus check update: Here’s what to expect in July
Daniel Gillaspia is the Founder of UponArriving.com and the credit card app, WalletFlo. He is a former attorney turned travel expert covering destinations along with TSA, airline, and hotel policies. Since 2014, his content has been featured in publications such as National Geographic, Smithsonian Magazine, and CNBC. Read my bio.
We need stimulus checks to help us with catching up Bill’s after losing income over the last couple months. The first check was a blessing but it wasn’t enough to cover all of the loss & expenses that the virus has caused.
I pay back child support and haven’t missed a payment but that doesn’t matter they still took my stimulus check. I’m 65 years old and very sick, I receive 750.00 a month and 50 of that for child support. I would like for Mitch McConnell to live on that for a month, and others in Washington to try it. I had to buyasks and other things I normally
dont have to buy. You all try it, thanks.
I have got my check and they want tell me why
We need another round of stimulus checks people on ssdi need it also by the time I get my check it’s gone not enough to make ends meet
A second round of checks are definitely needed. The Senate does not have to worry about where their mortgage payments or dinner is coming from. The people who lost their jobs are the lower paying jobs. Most of these jobs will never be back. They are look ok g forward to being homeless. Has the .Senate majority picked which bridge or homeless shelter they would like to be at.
I pay back child support and haven’t missed a payment but that doesn’t matter they still took my stimulus check. I’m 65 years old and very sick, I receive 750.00 a month and 50 of that for child support. I would like for Mitch McConnell to live on that for a month, and others in Washington to try it. I had to buyasks and other things I normally
dont have to buy. You all try it, thanks.
I need my check i dont understand why i haven’t received a check
I pay child support and am always on time with my support. My stimulus check was taken…the whole thing and so was my wifes who has nothing to do with child support. How is this fair? So the stimulus didnt help us at all. How does my wife get hers back?
It seems pretty obvious that our government doesn’t have God givien common sense They keep saying we should give money to those people that have the least infome, but to me that would be those on Social Security, Social Security Disability, SSI, and VA,. Most live on between $500 and $800 a month if their lucky. Most are barely scrapping by each month just to make it on what they do have. Then the government screwed all the dependents over the age of 17 working or not. We all have bills to pay and mouths to feed. I personally feel this could be looked at as discrimination. Of course nobody wants to go back to work, there sitting on there ass getting paid way more by the government and they wanna keep giving them money but can’t seem to get checks to those of us who truly need them. Instead, sending them to deceased people and people over seas. I would personally just like to see the 1st check but I’m sure I probably won’t. Yes I am disabled and also on SSI but was claimed as a dependent on my sons taxes only because we lived in the same household and I was dependent on him at times when I had no one else. He did help me physically but not financially. We each paid half that’s why its so confusing why it seems the loophole always seems to screw over the poorest of people that really need the help. Rant over!!!