The United States Government introduced in April the commonly called CARES law, a $ 1,200 check for the most economically vulnerable people who were directly affected by the spread of the coronavirus I don’t knowin the country, making it the most affected in the world.
Now, just a few months after the first round was held, the President Donald trumpI don’t know provided support for a second series of payments. “We will ask for additional stimulus money”said the president, adding: “Because once we do this, it will be much bigger and much better than what we have seen in this country.”
East stimulus check, arranged by the Internal Revenue Service (IRS), gave that amount to all Americans who lost their jobs or who had their business activities halted. So far, the IRS has been sent 160 million beneficiaries. However, there is still a large sector of the population that continues to await payment.
For the opposition, the aid that Trump is promoting has electoral objectives.
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The crisis has already generated a loss of 20.5 million jobs across the country, causing the highest rate (14.7%) of unemployment since the Great Depression of the 1930s. And because the positions of the House of Democrats, Senate Republicans and White House advisers are They are still evaluating how to make effective this new support for families, individuals and the unemployed.
First point: no date set yet to start the round of payments, although there is speculation that it could be between this month of June and the next, July.
How much money and who will receive stimulus checks?
The idea of this subsidy is to reach more people than the CARES Law reached. According to the Economic Policy and Fiscal Institute (ITEP), approximately 4.3 million more American citizens would be entitled to receive the stimulus check.
While the political fight over the stimulus check lasts, for the moment the most complete information is from the “Law of Heroes” proposed by the Democrats (it was approved by deputies and the OK of the Senate is missing). In the text, which consists of 1,800 pages, a package of US $ 3 billion is contemplated for a round of check payments of up to USD 1,200 for each affected, with a cap of US $ 6,000 for each family of 5 members.
Individuals: A person may receive up to US $ 1,200 depending on whether their gross income in their 2019 and 2018 returns was less than US $ 75,000. If it is higher, it will gradually decrease. Children and dependents: Dependents may also have a payment of US $ 1,200 and will apply to university students, those over 17 years of age, the disabled and contributing parents. Families: As said, aid will be limited to US $ 6,000 (with five members), and the budget will depend on your gross income reports. Non-citizens: Those without a Social Security number may present an individual taxpayer identification number to receive a payment.
On the other hand, as reported by The Wall Street Journal, the White House is still shaping its proposal and it could be completed in a month. It is only known that it seeks to boost the economy and will try to provide incentives for workers Go back to your pre-existing jobs, go to restaurants, and go on vacation. Also, that the amount may be less and that it will be related to the needs that the country requires to combat the coronavirus pandemic.
Are there stimulus checks from local governments?
Yes, because that is part of the objective of the CARES Law. Through the Coronavirus Relief Fund, present in the Legislation, local governments are allowed to spend the money on a long list of items for their residents.
For example, residents of the County of Orange in Florida who are eligible can receive a one-time payment of $ 1,000 per household. In Jacksonville, 40,000 residents will get a cash payment also of US $ 1,000. County The Angels It uses much of the $ 20,000,000,000 in government assistance it received from the CARES Act to help low-income residents pay their bills. In TexasMany counties have already approved $ 1,200 payments for 250,000 families.
