Home News Trump confirms there WILL be a second round of coronavirus stimulus checks...

Trump confirms there WILL be a second round of coronavirus stimulus checks – and payments will be ‘very generous’

1
0

DONALD Trump confirmed a another round of “generous” coronavirus stimulus checks may be on the way. 

The President said he would be open to sending out a second round of checks and direct deposits to hard-hit Americans during the COVID-19 crisis.

Getty Images – Getty

Trump confirmed more payments were on the way[/caption]

Copy of a fictitious United States Treasury refund check
Getty Images – Getty

When asked by Scripps local TV news whether he would consider sending out another cash injection, Trump said “yeah, we are. We are.”

“We will be doing another stimulus package,” he said. “It’ll be very good. It’ll be very generous.”

Trump declined to discuss the details of the new package which will be revealed in the coming weeks, saying “you’ll find out about it. You’ll find out.”

NBC News reported that a White Official described these potential payments as “part of something the economic team is studying” but nothing has been decided yet.

When the pandemic was at its peak, Congress approved giving $1,200 to people who make less than six figures and by June, 159 million stimulus payments had been processed.

The $3 trillion HEROES Act was passed in the Democratic-led House of Representatives, which included another round of direct payments.

‘We will be doing another stimulus package,’ Trump said
Scripps
Trump said the payment would be very generous
AP:Associated Press

But the Senate, which is controlled by Republicans, and the Trump administration has pushed back against sending out more emergency funds.

Senate Majority Leader Mitch McConnell slammed the notion as an “ideological wish list” back in March. 

Some of Trump’s economic advisers have pleaded with him to focus on tax cuts and deregulatory measures instead.

“We shouldn’t be doing any more spending,” said Steve Moore, a conservative economist who has spoken to Trump about the matter.

“Any phase four economic package must prioritize pro-growth economic measures that incentivize employers and our great American workforce to return to the labor market,” White House spokesman Judd Deere told NBC.

Americans may receive another payment as soon as August 8
Getty Images – Getty

The news comes after the stimulus payment could be approved by Congress as soon as August 8.

The Senate is currently debating another stimulus package – the $3trillion HEROES Act – that could give families up to $6,000.

August 8 is the last day the Senate is set to meet before taking a month-long recess until September 8, AS first reported.

The latest Senate schedule shows a month-long recess from August 10 to September 7 – meaning the first day back on Capitol Hill would be September 8.

It’ll be very good. It’ll be very generous.


Donald Trump

The HEROES Act was passed last month in the House, where Democrats hold a majority.

Now, the emergency coronavirus package is up for debate in the Senate – where Republicans have a majority of seats.

In the next round of checks, the proposal gives $1,200 to individuals, $2,400 to couples, and $1,200 per child – a bump from the $500 per child in the first round of payments.

Checks may already be held up by a 2-week Senate recess, from July 3 to July 17.


The Senate’s first day back will be on July 20.

Earlier in June, Trump said he favors a payroll tax cut and tax incentives for the battered restaurant industry in the United States.

“We’re looking at doing something in terms of an incentive with taxes, it could be deductions, it could be something else,” Trump said during a Rose Garden press briefing on June 5. “We’ll be announcing it pretty soon.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here