Here’s how much cash you could get if second stimulus check proposal passes
HOUSE Democrats are trying to push through a second coronavirus relief proposal which includes direct payments of $1,200 and more.
If the HEROES Act legislation is passed, households could get $1,200 per dependent - which means families with three children could pocket $6,000 during the COVID-19 crisis.
On Friday, the latest package proposal will be voted on and eligibility criteria is similar to the first CARES Act with some other expansions.
As well as children younger than 17, this package includes full-time students under the age of 24 and adult dependents in this category, with a maximum of three per household.
Income limits of this stimulus check match those of the first one when it comes to single filers earning $75,000, joint filers getting $150,000, and Head of Household filers who make $112,500.
Any childless person who earns $99,000 won't be getting a check from the Feds.
On May 12, House Speaker Nancy Pelosi proposed H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act.
In this relief proposal, the $600-per-week unemployment benefits will continue through January, Forbes reported.
The the hefty package also incorporates a 15 percent increase for food stamp recipients and an employee retention tax credit for businesses.
Provisions included also help out farmers who have been pummeled by the economic impact of the virus, as well as extensions for family and medical leave.
The CARES 2 bill has not been approved by Dems' GOP counterparts or the White House.
But the COVID-19 legislation could be voted on as early as this week, according to Axios.
Aides familiar with the latest proceedings told Axios Republicans are still waiting for the billions stemming from the first $2.2 trillion bill to go through before considering another.
The Feds are also awaiting the fallout from reopening the country as Donald Trump hopes to reignite the flailing US economy.
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As well as the checks, it's set to include around $1 trillion for hard-hit state and local governments, which will be split into separate revenue streams.
This package won't include Senate Majority Leader Mitch McConnell's top priority of liability protection for businesses, however, or Trump's touted payroll tax cut.
The news comes after the US lost 20.5 million jobs in April, surging the unemployment rate to 14.7 percent - its highest level since the Great Depression, according to the Labor Department.
