Second stimulus checks can be greater than $ 1,200

This story is unfolding.

President Donald Trump said today that the second stimulus checks may exceed $ 1,200.

This is what you need to know.

Second stimulus checks

On a trip to West Texas today, Trump spoke exclusively to Katie Orth of WMID in Midland. During the interview, Orth asked Trump if $ 1,200 is enough for a second stimulus check. This is how Trump replied:

Katie Orth: Is $ 1,200 Enough?

President Trump: Let’s see. It can go higher than that actually.

Katie Orth: Where would you like to see it?

President Trump: I would like to see it very high because I love people. I want people to understand it, you know. The economy is going to come back. We just had tremendous job numbers, as you know, it was just announced. We had excellent retail sales numbers, so this is all coming back. We had the best economy we have ever had and we had to close it because you know we had to. We saved millions of lives by doing that, but now we are bringing it back and now it is coming back. In the meantime, we have to take care of people. “

Will the second stimulus check be more than $ 1,200?

Trump has previously made clear that he wants a second stimulus check that is greater than the one proposed by Democrats. In the Heroes Act, the $ 3 trillion stimulus package approved by House Democrats, the second stimulus check is $ 1,200. This implies that Trump wants a second stimulus check that exceeds $ 1,200. It’s unclear whether Trump’s comments today mean that the second stimulus check may eventually be more than $ 1,200, or if there are discussions about increasing the amount of the second stimulus check. On Monday, Senate Republicans announced the Healthcare Act (Healthcare, Financial Assistance, Liability Protection and Schools Act), a proposed $ 1 billion stimulus package as a follow-up to the Care Act and a response to the Law of Heroes. While Senate Republicans included a second stimulus check in the Healing Act, the second stimulus check is proposed as $ 1,200. This is the same amount that Treasury Secretary Steven Mnuchin also confirmed, and the eligibility criteria for the second stimulus check are the same as the first stimulus check in the Care Act.

How much does the second stimulus check cost?

Till the date, both of them Republicans and Democrats have proposed a second and second $ 1,200 stimulus check for people who meet income and other requirements. There is no current indication that the amount of the second stimulus check is greater than $ 1,200, although the proposals and numbers may change in the coming weeks as Congress reflects on the latest stimulus package proposal. If the amount of the second stimulus check increases above $ 1,200, it would increase the overall cost of the Healing Act, which some conservative Senate Republicans want to avoid, unless Senate Republicans remove other programs from the proposed stimulus package . Currently, Republicans and Democrats, who follow this key stimulus schedule, may agree to a second stimulus check, but they are $ 2 trillion apart in their respective stimulus packages. According to Senator Lindsey Graham (R-SC), about half of Republicans can vote against the Republican stimulus package. However, Republicans and Democrats differ in the amount of the dependent stimulus payment. Republicans currently propose up to $ 500 for each dependent, while Democrats want $ 1,200 for each dependent, with a maximum of three dependents. It is possible that the final dependent stimulus payment may change, which could increase the total stimulus payment received by an individual or married / joint filer.

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