How much could your second stimulus check be worth if the HEROES Act passes?
THREE months after President Trump signed the CARES act to provide million of Americans with coronavirus stimulus checks, there are hopes a second payment could soon follow.
The proposed $3trillion relief package under the HEROES act - which is not yet law - could see families sent another $6,000 each. Here's how it works.
What is the HEROES act?
Democrats put forward the Health and Economic Recovery Omnibus Emergency Solutions Act as a follow-up to the first round of stimulus checks.
March's CARES act - which stood for the Coronavirus Aid, Relief and Economic Security Act - provided for $1,200 checks to be sent to every adult whose income was under the threshold.
Children under 17 were eligible for $500 each.
The new HEROES act proposes another one-time check of the same amount for adults, subject to the same income limits.
Even if it did pass Congress, it could be vetoed by President Trump who has already described it as "dead in the water".
However, the White House has been sending signals that it might support a further stimulus package to help kickstart the economy after the US officially fell into recession.
The Wall Street Journal reported the Trump administration is working on its own plan.
Economic adviser Kevin Hassett said the odds of another stimulus package "are very, very high."
And Mr Trump said last week in a press conference on unemployment that he will be "asking for additional stimulus money."
On Thursday, Treasury Secretary Steven Mnuchin said the administration is "very seriously considering" a second round of stimulus checks, according to The Wall Street Journal.
Meanwhile leading Democrats are pushing for longer term help on top of the one-tie checks.
Senators Bernie Sanders, Kamala Harris of California and Ed Markey have introduced a bill to provide $2,000 per month for every US resident until the coronavirus crisis subsides.
Sanders said on Twitter: "Bills are piling up, rent is due, millions are jobless. A one-time $1,200 check won’t cut it.
"We need to provide $2,000 a month to every man, woman and child—and make it retroactive to cover the past three months.
"If we can bail out corporations, we can ensure everyone’s needs."
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