Another stimulus check? Don’t get excited about it yet.

another stimulus checkThe buzz has started about another stimulus check. But don’t be confused by headlines! Another round of stimulus checks are NOT around the corner just yet. The Heroes Act bill that passed yesterday in the House included more direct payments to individuals for up to $6,000 per family. Here is the fact sheet about the Heroes Act. However, the bill will be dead on arrival to the Senate. Good old fighting between the Democrats and Republicans is underway about more spending and the White House has said Trump is in “no rush” to pass another bill. Although many people are still in financial turmoil because of COVID-19 and another stimulus check would be great, they just aren’t close to an agreement.

Negotiations about another stimulus check aren’t expected to start until later this month at the earliest.

The Heroes Act calls for more direct payment to cushion the blow of the coronavirus crisis. Speaker Pelosi said a second round of stimulus checks is “putting much-needed money in the pockets of the American people.” You can watch her speak about the legislation here. But the Republicans push back against the bill will likely result in work with President Trump to put together their own stimulus package. There are other broad long-term approaches being pushed amongst others in Washington. For example, there is a proposal to give many American $2,000 per month for at least six months to help families through the crisis.  Another similar plan proposed $1,000 a month to families with children.

While the future of a second stimulus check remains undecided, we will stay tuned in and sound the alarm when they get closer to an agreement. In the meantime, you can join the live discussion on our home page to see what others are saying.

 

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What Others Are Saying:

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  1. G

    I only think it’s fair unemployment people make just as much as me and I’m an essential I know how I would b doing stuff if I was president 300 not 600 to unemployment and 1000 for each adult 500 each kid 3500 max for 3months and go from there

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  2. Grneyedlove34

    I need another stimulus check. It would be a great idea for the economy to pick up more.

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  3. Someone worried about the ppl that owe back Childsupport

    What I don’t understand is how they expect those that owe back Childsupport to live. The only ppl that didn’t get a stimulus check was those that owed back Childsupport there’s ppl out there that owe the government thousands of dollars but their check wasn’t taken from them. So the ppl that owe Childsupport just have to figure it out on their own. While the ppl that gets their stimulus check lives in luxury because they got extra money I know someone personally their child doesn’t even live with the ppl anymore the child is of age and lives else where

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  4. Bob

    @Wondering: Yes thats the truth. They already make 4xs what most people make, so they are not feeling it like regular Americans who cant go to work.

    Reply
  5. Wondering

    I can tell you one thing and that is if the senate and congress were not getting a pay check that bill would get signed so fast people would think the money fell from the sky.

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    1
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