This story is evolving.
President Donald Trump said today that a second stimulus test could be above $ 1,200.
Here’s what you need to know.
Second stimulus checks
During a trip to West Texas today, Trump spoke exclusively with Katie Orth of WMID in the Midlands. During the interview, Ort asked Trump if $ 1,200 would be enough for a second incentive test. Here is how Trump responded:
“Katie Orth: Is $ 1,200 enough?
President Trump: We’re going to take a look. This may be higher than it really is.
Katie Orth: Where would you like to see it?
President Trump: I would like it to be very tall because I love people. I want people to get it, you know. The economy will return. We just had a huge number of jobs, because you know it was announced. We had big retail sales, so it’s all coming back. We had the biggest savings we’ve ever had, and we had to close it because you know we had to do it. We have saved millions of lives by doing so, but now we are bringing it back and now it will come back. We have to take care of people in the meantime. “
Will the second incentive test be more than $ 1,200?
Earlier, Trump made it clear that he wanted a re-test of incentives, which is more than the Democrats have suggested. In the Law on Heroes – a package of incentives of 3 trillion. The dollars passed by the House Democrats are the second test of incentives – $ 1,200. This means that Trump wants to re-test the incentive, which exceeds $ 1,200. It is unclear whether Trump’s comments today mean that the second stimulus test could eventually exceed $ 1,200, or if there are discussions about increasing the volume of the second stimulus test. On Monday, Republicans in the Senate announced the Treatment Act (Health, Economic Aid, and School Protection Act), a $ 1 trillion incentive proposal. While Senate Republicans have included a second incentive test in the Healing Act, a second incentive test is being offered for $ 1,200. This is the same amount as confirmed by Finance Minister Stephen Mnuchin, and the eligibility criteria for the second incentive test are the same as the first incentive test in the Custody Act.
How much does a second stimulus test cost?
For today both Republicans and Democrats have proposed a one-time second $ 1,200 incentive test for people who meet income and other requirements. There are no current indications that the amount of the second incentive check will exceed $ 1,200, although proposals and figures may change in the coming weeks as Congress considers the latest proposal for the incentive package. If the amount of the second incentive check increases to more than $ 1,200, it will increase the total cost of the Healing Act, which some conservative Senate Republicans want to avoid, unless Senate Republicans cut other programs from the proposed incentive package. Currently, Republicans and Democrats who adhere to this key incentive scale may agree to a second incentive test, but they have $ 2 trillion. Dollars for the appropriate package of incentives. According to Senator Lindsey Graham (R-SC), about half of Republicans can vote against the Republican stimulus package. However, Republicans and Democrats differ from the amount of the paid incentive. Republicans now offer up to $ 500 for each addict, while Democrats want $ 1,200 for each addict, a maximum of three dependents. It is possible that the final dependent incentive payment may change, which may increase the total incentive payment received by the individual or spouse / co-worker.
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