Stimulus Checks 2: How Much Money Should You Expect from Each Proposal

The deal on the second round of stimulus checks is what millions of people are waiting for. Republicans and Democrats caught up in the conflict over the relief proposal. But both parties have agreed for more than a month on providing a second stimulus check to the American people.

In September, CNET reported that Republicans and Democrats were still on $1 trillion apart, which kept things stuck.

Meanwhile, President Donald Trump and his administration repeatedly said that they support a second round of the COVID-19 stimulus relief package, as per Heavy. On September 4, Vice President Mike Pence said, "Nobody wants to give American families direct payments more than President Donald Trump. We sent those checks to American families. It helped people through this tough time."

(Photo : Artem Beliaikin @belart84)

Stimulus Checks 2: How Much Money You Would Expect from Each Proposal?

Now, the question is, how much money would you expect if the plan is already approved? Here are different proposals floating around that you need to know to identify the amount you should expect:

$3,400 for a Family of Four and $1,200 for Dependents

In the HEROES Act Democrats passed in May, the proposal would give Americans the same amount of stimulus payment as the first one, a $1,200 check if it meets the income guidelines. For up to three dependent children, recipients may get up to $1,200 instead of $500, according to NYMag.

The HEALS Act or the Republican version of the plan would also give people $1,200 checks. However, it is $500, the amount for each dependent. The proposal is less than the Democrats' plan than the first round of stimulus checks, which limits dependent payments by age. In the HEALS Act, there are no such similar rules about age.

In the HEALS Act, a family of four might get $3,400 compared to $2,900 the first time around, as per Kiplinger's report.

$4,000 for a Family of Four and $1,000 for an Individual

In July, Republican Senator Mitt Romney joined Steve Daines (R-MT), Marco Rubio (R-FL), and Bill Cassidy, M.D. (R-LA) in their proposal that would give people $1,000 checks, and $4,000 for a family of four.

Senator Rubio said, "As Congress continues to negotiate another economic response to the coronavirus pandemic, we should prioritize direct assistance to those who needs it most. American families are among the hardest hit, facing unexpected challenges like child care shortages, homeschooling, and unemployment. Congress must take steps to help ensure parents and children can manage and recover from this crisis's impact as the American people continue to navigate these uncertain times."

Their proposal suggests Disburse Economic Impact Payments of $1,000 for both adults and children with SSNs equivalent, $2,000 if they filed jointly, while $4,000 stimulus check for a family of four. The Senators also proposed to include eligibility for adult dependents like those with disabilities or college students. It also consists of U.S. citizens married to foreign nationals but does not have foreign nationals eligibility.

$2,000 Stimulus checks monthly

U.S. Senator Kamala Harris also supports a plan that would give Americans $2,000 stimulus checks monthly. Harris is a co-sponsor of legislation with Senators Ed Markey and Bernie Sanders, according to Business Insider.

The plans of the Senators would continue giving $2,000 stimulus checks until three months after the COVID-19 pandemic ends.

In a press release, Harris said that the pandemic caused millions who struggle to pay their bills to feed their families. The CARES Act gave Americans a significant one-time payment, but it is not enough to meet the American people's needs.

As bills continuously come in every month amidst the pandemic, and so should the government's help, as per Harris. The Monthly Economic Crisis Act will provide resources for American families to make ends meet.

"I am eager to continue working with Senators Markey and Sanders as we push to pass this bill immediately," Kamala said.

Check these out:

Stimulus Checks: Trump Urges Democrats to Release $300 Billion Unspent COVID-19 Relief Money to Americans

Next COVID-19 Relief Package: Immigrants Must Be Included

Second Stimulus Check: Parents in This State Will Soon Receive More Cash