The big question about whether Congress will pass another coronavirus stimuli bill is whether or not they will.
Millions of Americans facing serious financial hardship are hoping for further relief, including expanded federal unemployment benefits and a second round of $ 1,200 economic reviews as the American economy continues to grapple with the challenges of the Covid-19 pandemic.
Now the House Democrats have introduced a new, updated bill that will reduce the overall size of the previously requested aid to appease the Republicans.
The proposal, still known as the HEROES Act, includes a second round of stimulus testing worth $ 1
This time around, they are calling for more generous terms than the first checks distributed in the spring, which would mean more people qualify for the money.
As with the first round of Stimulus Checks, House Democrats are proposing payments of up to $ 1,200 per person or $ 2,400 per married couple filing together plus $ 500 per eligible loved one.
Full-time students under the age of 24 who are dependent on adults are also eligible for these $ 500 payments. This is a change in the dependent charge on the first checks that only applies to children under the age of 17.
Another change that Democrats are seeking would be for money to go to those with tax identification numbers, not just social security numbers.
Unlike the first checks, the payments would be exempt from a reduction or offsetting for overdue child support payments. Democrats are also calling for the second checks to be protected from seizure.
The measure also seeks to resolve delivery issues that occurred during the initial reviews.
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The new checks would also be based on federal tax returns for 2018 or 2019.
Federal beneficiaries – those receiving social security, supplementary income, veteran or railroad pension benefits – would automatically receive their payments even if they didn’t file returns for 2018 or 2019.
The finance department would have to reach out to people who normally don’t file tax returns to tell them how to file their information to get the money.