You Are Likely to Receive More Than $1,200 Stimulus Payments
President Donald Trump planned to send more than $1,200 stimulus payments to millions of Americans to help them through the current economic crisis caused by the coronavirus pandemic.
According to Trump, millions of Americans are supposed to receive more than $1,200 stimulus payments this month. The president has always expressed support for the second round of stimulus payments, but Congress did not act on it.
According to an article, Trump said the Democrats were the reason why the sending of the next stimulus payments did not happen immediately.
To somehow address the financial problems of millions of Americans, Trump signed and issued an executive order that expanded the unemployment claim. However, the president could not issue an executive order for the next stimulus payment because it needs approval from Congress.
For this reason, during the stimulus negotiations, Trump said Congress must act because millions of Americans are waiting. In a tweet, Trump wrote on Friday: "DEMOCRATS ARE HOLDING THIS UP!"
Trump has already instructed Treasury Secretary Steven Mnuchin to get ready to send $3,400 to a family of four.
While waiting for this to happen, four states will first receive the unemployment benefits. These are Iowa, Louisiana, Arizona, and New Mexico. These were the first states who agreed in the program to cover the cost of $100 in the $400 federal unemployment benefit.
Last month, Trump said his goal was to send an even larger stimulus payment compared to the first stimulus payment. However, stimulus negotiators failed to act on this because they keep blaming each other.
Majority Leader Mitch McConnell said top negotiators from the Democrats are still rejecting the stimulus relief package and are pushing for demands that have no relationship with COVID-19.
"They are still rejecting any more relief for anyone unless they get a flood of demands with no real relationship to COVID-19," he said.
The two groups have found common ground to help millions of Americans. However, they disagreed when it comes to weekly unemployment benefits.
The Democrats wanted to continue the $600 weekly unemployment aid. However, the Republicans wanted to cut it down at $200 with additional cash to those who will go back to work.
As stimulus negotiators failed failed to send the next relief aid to millions of Americans in need, Trump issued executive orders that would provide immediate and vital relief to Americans.
Both Congress and the Senate are now in recess, and most lawmakers focused on the upcoming Democrats and Republicans conventions.
The Democrats will be busy this week as they nominate Joe Biden for President and Kamala Harris for Vice President. On the other hand, the Republicans will be busy to renominate Trump and Vice President Mike Pence.
The most optimistic time frame to have the stimulus payments be discussed and likely be on the hands of millions of Americans will be in September. Not unless the House will call for a special session to tackle the new round of relief bill.