Second Stimulus Check: 4 Calculated Scenarios to Get More Than $1,200 If HEALS Act Passes
Now that the negotiations over a proposed second stimulus package have bottomed out, there's a [...]
The HEALS Act
The proposed HEALS Act mirrored the CARES Act, providing $1,200 for recipients plus $500 per dependent. However, the HEALS Act doesn't cap dependents at 17-years-old, which means that a single person with four dependents could get up to $4,400.
prevnextThe HEROES Act
The HEROES Act, which was passed by the House in May, would allot a $1,200 payment to each eligible individual, along with $1,200 for each dependent, up to three, totally out at $3,600. Despite being sent to the Senate for a vote, the bill was deemed "dead in the water" by McConnell. However, there had been vocal calls to bring it to a vote, though that's unlikely.
prevnextExecutive Order
President Donald Trump, who has previously advocated for an executive order to bypass Congress did sign one, though it's unclear if it will actually result in stimulus payments. The order does call to temporarily extend, renew or introduce economic relief measures that he believes will help the U.S. economy stay afloat amid the coronavirus pandemic. Given that Trump's repeated calls for "larger" stimulus checks than the CARES Act provided, it's possible that could come to fruition.
prevnextA New Stimulus
The big issue here is, of course, the Senate has officially adjourned until Sept. 8. However, McConnell seemed to imply talks could continue, given Minority Leader Chuck Schumer was the only Senator at the table, along with Pelosi, who were facing off against Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows. The latter, however, is currently on vacation, which had already ground negotiations to a halt.
While unlikely, if negotiations do resume, a new agreement could be reached. McConnell has also floated the idea of passing aspects of a stimulus package in smaller bills, which could include stimulus checks.
prevnextOpposition
While negotiations officially coming to a halt (at least for now) hasn't sat well with financially-strapped constituents, a number of GOP lawmakers are welcoming the news. Sen. Ted Cruz has mocked the idea, while Sen. Ron Johnson told Breitbart that he hopes the talks remain broken down.
prevnextConclusion
Given the standoff between Republicans and Democrats, and the fact that both houses of Congress are adjourned until September, it's unlikely that a check of any amount will be on its way anytime soon.
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