Money making

2nd Stimulus check update: What this means for you and your family!

House Democrats want to send Americans a second round of stimulus checks worth up to $6,000 per family as part of the $3 trillion coronavirus relief package they rolled out Tuesday — the largest in history.

Like the first round of payments approved by Congress in March, new proposal calls for giving $1,200 to those earning up to $75,000 a year and $2,400 to couples without dependents making double that before phasing out. But it would be far more generous to many families with children, providing $1,200 per dependent up to a maximum of three.

Americans may not see these new, more generous payments, however. Senate Republican leaders have already said the new bill is dead on arrival….no surprise there.😂😂

This New Democratic bill would also extend the historic enhancement of unemployment benefits included in the March legislation. It calls for continuing the weekly $600 federal payment through January, instead of through July.

Republicans are arguing this second round of emergency funding is not yet needed as states begin to reopen. Do you agree?!

Democratic lawmakers also want to bolster the nation’s safety net by increasing the maximum food stamp benefit by 15%, a provision they could not get into prior packages, and providing additional funding for nutrition programs for children. 

They would also allocate $175 billion to help renters and homeowners and offer subsidies to help Americans who lose their employer-provided health insurance keep their coverage.

This new proposal calls for $1200 in stimulus funding per dependent instead of the previous $500. And additional funds for dependents under six.

Hmmm. So, my youngest is six so I’m confused if that would include him or not. Either way, I think this would help so many families.

We will know more about this bill and if it passes this Friday May 15th, 2020.

*Stay tuned for more on this and more economic recovery and help for families struggling during this pandemic. *

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