Your next coronavirus stimulus check could be HIGHER if Heroes Act is signed as House Democrats want
YOUR next coronavirus stimulus check could be higher if the HEROES Act is signed as House Democrats want.
Checks would come as part of a last month.
The fourth coronavirus stimulus package is currently making its way through the Senate.
A summary of the HEROES Act funds notes under direct payments that "a second round of more substantial economic impact payments of $1,200 per family member" would be given.
In the first round of , single taxpayers that fell under a certain income bracket got $1,200, couples received $2,400, and an additional $500 per child was given amid the pandemic.
This means the new wave of checks would see a $700 boost for depends and children.
Families could receive a max of $6,000 per household.
In the first wave of direct payments, no money was given for adults that could be claimed as dependents – including those with disabilities and college students.
The new act would close the loophole.
Other funds as part of the HEROES Act would give $1trillion to local, state, territorial and tribal governments, $200billion in hazard pay to essential workers, and $75 billion for COVID-19 testing, tracing and isolation.
It would also extend unemployment benefits, giving the $600 boost to Americans until January, the summary states.
Currently, the unemployment benefits are set to run out in July.
– the highest they've been since the Great Depression.
More than amid the pandemic.
The HEROES Act was passed in the House, where Democrats hold a majority.
It's expected to get shredded in the Senate, however, where Republicans hold a majority of seats.
Although the bill is backed by many Democrats, some have first.
"I think the next round we’ve got to be more targeted to those who are really in need," Democratic Sen Ben Cardin of said, as reported by
"So I hope we can target this a little bit better to those who have been hit hard because of COVID-19,” he added.
Republicans have favored re-opening the country amid virus lockdowns, as opposed to giving more checks.
is reportedly planning to meet with advisors regarding the next COVID-19 relief package.
MOST READ IN NEWS
"We’ve been through the rescue phase and we’re now in the transitional reopening phase and I think generally speaking we’d like to move into a growth- incentive phase for the future economy," a senior administration official told
The next round of checks is still up for debate, as many Americans are still waiting on their first emergency payments.
One financial expert warned that it .