Stimulus check 2 may be skipped for new 'skinny' bill — here's what you'll get

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Stimulus check 2 may be skipped for new 'skinny' bill — here'southward what yous'll get

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While stimulus check 2's fate looks uncertain, Senate Republicans are fix to formally introduce their "skinny" stimulus package this week, every bit House Democrats and White House officials remain at odds over next steps for additional relief.

CNBC reports that the $500 billion bill is expected to include federal unemployment benefits of $300-$400 per calendar week, but it will not provide a stimulus bank check ii corporeality of $1,200 to Americans — even though all parties previously agreed on another round of direct payments.

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This "skinny" neb, forth with a narrower proposal from some House Democrats, has shifted the focus from stimulus cheque 2 to continuing the federal unemployment insurance supplement that expired at the terminate of July.

This program has been a especially viscous consequence in the negotiations between lawmakers and assistants officials. President Trump fifty-fifty jumped in with an executive society to extend federal unemployment at a reduced level, a benefit many states are gearing up to provide for at least a few weeks.

Still, CNBC suggests that the Republican'south smaller proposal is unlikely to become constabulary, leaving the possibility of stimulus check two and ongoing unemployment relief equally unresolved equally ever.

2nd stimulus check proposals

Prior to the introduction of this "skinny" bill, there were several formal proposals that included a 2nd round of direct payments.

The Firm-passed HEROES Human activity would provide another $i,200 check to Americans making less than $75,000 per yr (if single) and $150,000 per year (if married) with prorated benefits for those earning slightly more. The bill would as well send $1,200 to dependents of whatever age, up to $half-dozen,000 per family unit.

Senate Majority Leader Mitch McConnell's HEALS Act, introduced in July, would offer like benefits. Dependents would receive but $500, only in that location would exist no cap on how much a family unit could receive.

A third proposal from a group of Senate Republicans would take sent $1,000 to taxpayers and dependents of whatsoever age but with a lower income eligibility cap.

What's next?

Lawmakers won't return to Washington for the next legislative session until afterward Labor 24-hour interval, at which betoken they could take up a proposal for fence. However, there'south no indication that House Democrats, administration officials and Senate Republicans are anywhere close to an agreement, nor that they'll come back to the tabular array to keep talking.

Emily Long is a Utah-based freelance writer who covers consumer engineering science, privacy and personal finance for Tom's Guide. She has been reporting and writing for nigh 10 years, and her work has appeared in Wirecutter, Lifehacker, NBC Better and CN Traveler, among others. When she'south non working, you can notice her trail running, education and practicing yoga, or studying for grad school — all fueled by java, plain.

Source: https://www.tomsguide.com/news/stimulus-check-2-may-be-skipped-for-new-skinny-bill-heres-what-youll-get

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