Americans may not get their second stimulus check until September if Congress cannot reach Friday, warns IRS insider
- Chad Hooper, the national president of the Professional Managers’ Association, said the IRS was’ better positioned to issue a second check ‘than they were in April.
- However, Congress just needs to reach an agreement by Friday, unless Americans are likely to wait until September for the second round of coronavirus relief
- If Congress closes on Friday, stimulus checks could be sent out this month
- Treasury Secretary Steven Mnuchin said he was ready to strike a fair deal this week, noting that he had not spoken to Democratic lawmakers since Friday.
An insider with the Internal Revenue Service (IRS) is of the opinion that Americans may not get their second incentive check until September when Congress is unable to reach a deal by Friday.
Chad Hooper, the national president of the Professional Managers Association, told Grow that the IRS is ‘better positioned to issue a second check’ than they were in April, but Congress just needs to reach an agreement.
Otherwise, that would mean Americans, in particular the more than 30 million out of work, may have to wait until September for the second round of relief.
However, if lawmakers can strike the deal by this Friday, most incentive checks could be passed this month.
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An insider with the Internal Revenue Service (IRS) is of the opinion that Americans may not be able to get their second stimulus check (image file) until September if Congress is unable to reach a deal by Friday.
In an interview with CNBC’s Squawk on the Street on Monday, Treasury Secretary Steven Mnuchin said that President Donald Trump ‘is determined to spend what we have to spend’.
“We are ready to put more money on the table,” Mnuchin added
Lawmakers have been hoping to get a deal for the coronavirus relief package since last Friday since their planned recession began on August 10 and will last until September 8.
But Mnuchin said he is open this week for discussions on the relief package.
“If we can get a fair deal, we are ready to do this this week,” Mnuchin said, noting that he had not spoken to Democratic lawmakers since Friday.
With no deal in sight over coronavirus relief legislation, Trump attacked Democratic leaders who negotiated with his top aides over the weekend and threatened to step in unilaterally to reduce payroll taxes and take other action.
“If Democrats hold this critical relief hostage, I will act on my authority as president,” Trump said, referring to the attacks on Speaker Nancy Pelosi and House Minority Leader Charles Schumer because the two sides vibrations remain separate over relief.
He also reiterated his claim that the coronavirus that destroyed the country would go away – even if American deaths from coronavirus killed 160,000.
In an interview on Monday, Treasury Secretary Steven Mnuchin (pictured) said that President Donald Trump “is determined to spend what we have to spend.” He added: ‘We are ready to put more money on the table’
Trump said the virus’ disappears. It will disappear. ‘
The president spelled out new details of an executive order he has mulled – without yet clearly proving what authority he will cite to do so. But the president did not immediately say for sure that he would do so.
“What we’re talking about is postponing the payroll tax for a period of months,” the president said at an almost-called news conference at his golf club in Bedminster, New Jersey.
He said the tax service would “go until the end of the year” and be retroactive until July, which may indicate a short-term cut.
Trump also said he would trade on “improved unemployment benefits” – even with negotiators hanging on to expanding a $ 600-a-week benefit.
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