Second $1,200 Stimulus Checks Are More Likely To Be Sent Out
The second round of $1,200 direct stimulus checks are more likely to be sent out after it got bipartisan support from Republican and Democratic lawmakers.
Republicans, Democrats, and President Donald Trump have all supported to send a second round of $1,200 stimulus checks to over 160 million Americans. It is also possible that the $300 billion unspent budget will be released to send out another stimulus checks.
Even though it is certain that stimulus checks have bipartisan supports, it is not yet clear as to when it will be released. However, if Congress will not release the unspent $300 billion under the CARES Act, President Trump already said that he would use the best method to deliver relief aids.
After Senate Majority Leader Mitch McConnell unveiled the financial aids of the new stimulus bill on Tuesday, many were worried the stimulus checks were not included. It can be remembered that Pres. Trump asked Congress to release the unspent $300 billion.
This is perhaps one reason why stimulus checks were not included in the new coronavirus relief aid because Trump's administration wants to utilize the unspent budget. This is to avoid additional deficit that continues to increase, according to a recent report.
Meanwhile, the new stimulus bill focuses on education, healthcare, and budget for economic issues. In also continues to send $300 weekly unemployment benefits and the Paycheck Protection Protection Program. The PPP loans are intended for businesses across the country.
Meanwhile, Sen. Mitch McConnell described the proposed relief aid as a "targeted bill" because these are the relief aids that are very urgent for the meantime. He also said that Senate would vote within this week while Congress will resume their session next week.
As much as Pres. Trump wants to immediately send $1,200 direct stimulus checks using the unspent budget before government operations shut down, but he cannot bypass Congress. However, he recently said that he would make sure to deliver it
Trump, who has been very aggressive in pushing for the second stimulus checks, might issue an executive order that diverts some unspent budget to send stimulus checks. The same as what he did with the unspent budget of FEMA to continue the unemployment benefits.
Meanwhile, the co-chair of the Economic Security Project Natalie Foster, said that many polls showed that most Americans favor second stimulus checks. Those surveys also proved that millions of Americans are still waiting for financial aid.
However, some critics said that sending checks to Americans does not target aid at those hurting the most, according to a published article in CNBC News. This is because most of the minorities in the country like Latinos and Hispanics, who play essential jobs amid the pandemic, did not receive the stimulus checks due to immigration status.
Meanwhile, it is also not clear if the second round of stimulus checks will still require Social Security Number or not. It was once proposed that it will be offered to everyone who pays their taxes even though they do not have the Social Security Number.
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