The Latest Stimulus Proposal Includes a $600 Check For Taxpayers & Dependents

Members of congress are working out the details of an economic stimulus package that may include another round of stimulus checks for most Americans.

Congressional leaders are attempting to finalize an approximately $900 billion coronavirus aid package with signs that negotiations will extend into the weekend.

“We need to complete this work and complete it right away,” Senate Majority Leader Mitch McConnell said late Thursday. “The Senate’s not going anywhere until we have covid relief out the door… In the meantime, we’re going to stay productive.”

Many Americans are expected to receive $600 and an additional $600 per dependent. This would equate to a married couple with two dependents expecting to receive a check up to $2,400.

Individual eligibility would be the same as the CARES Act which passed earlier this year. Stimulus checks would decrease for adjusted gross income above $75,000 per individual or $150,000 per qualified couple.

Negotiations are speeding up as concessions are being made from both political parties. Republicans have sidelined a request for businesses to have COVID-19 lawsuit protection while the Democrats have tabled their demand for state and local government funding.

When the $2.2 trillion CARES Act passed on March 27, Americans began receiving stimulus checks withing two weeks – a positive indication for a hasty timeline.

© 2023 Enfield Media Group LLC - All Rights Reserved.