Families could pocket $6,000 from second stimulus check if coronavirus HEROES Act is approved by Republicans – The Sun
AMERICAN families could receive $6,000 in another coronavirus stimulus check if Senate Republicans pass the HEROES Act.
Most households received the first check from the Coronavirus Aid, Relief and Economic Security (CARES) Act back in March when the COVID-19 crisis caused mass unemployment and layoffs.
In the middle of an economic downturn and skyrocketing unemployment rates, the pressure is on to help out hard-hit citizens once more.
The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would ensure another round of stimulus payments for most families.
This new legislation is larger than the CARES Act with every family member pocketing $1,200 – including children.
Single taxpayers earning less than $75,000 and married taxpayers earning a combined total of $150,000 would get the payments in full.
A family of four would receive $4,800 if the parents earn less than $150,000 per annum.
The new act capped total payments at $6,000 per family and included all dependents, which is significantly more than the CARES Act offered.
Under the first act, parents who earned less than $150,000 only got $3,400 because each kid under the age of 17 was allocated $500.
Unlike the CARES Act, the HEROES Act is also set to help out illegal immigrants, who weren't included in the last round of payouts if they didn't have a Green Card.
Previously, it also came under fire because of the cut off limit for children, which excluded many high school juniors and seniors, as well as college students.
The new legislation now only requires a "taxpayer identification number" – rather than a social security number – to get this payment.
The HEROES act was passed in the Democrat-controlled House of Representatives back in May but it still has to be approved by the GOP senators.
The Wall Street Journal reported that the government is also working on a plan as the virus pummels at 32 states again.
President Donald Trump said his administration will be "asking for additional stimulus money.
His economic adviser Kevin Hassett told the publication that the chances of another package "are very, very high."
Treasury Secretary Steve Mnuchin said the Feds are "very seriously considering" a second round of stimulus checks, as per the Journal.
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