$1,200 stimulus checks could finally be agreed to NEXT WEEK when Congress returns from recess
SECOND round stimulus checks could finally be agreed to next week when Congress returns from recess.
The $1,200 coronavirus relief checks could be agreed on and sent out at the end of the month if Congress can come to an agreement for qualified taxpayers.
Congress adjourned for summer break at the beginning of August without reaching an agreement.
The House of Representatives will kick off their return by attending a virtual hearing held by the House Financial Services committee on September 8, according to Congress' schedule.
“Hopefully Mitch will enter new legislation next week,” Treasury Secretary Steven Mnuchin told Fox News on Monday.
Senate Majority Leader Mitch McConnell has said that closed-door negotiations over stimulus checks have stalled because liberals have demanded funding for non-COVID-related issues.
If the Senate passes a new relief bill on September 11, the House passes it on September 16, and the president signs it on September 17, the first checks could possible be distributed on the week of September 28,according to CNET.
Speaking at a House subcommittee hearing, Rep. James Clyburn said Tuesday: "Additional economic stimulus is urgently needed.
"As the pandemic drags on, states, cities and businesses are warning that more layoffs may be coming."
White House Chief of Staff Mark Meadows said President Trump is the "only one" making moves to get financial relief to American people amid the ongoing coronavirus pandemic.
Meadows slammed Democrats on Capitol Hill who he said "failed to come together on anything that would address … enhanced unemployment [and] eviction protections," during an August 24 interview with CBS This Morning.
Last week, the IRS announced that it would be sending out 50,000 "catch up" stimulus checks next month to some Americans who did not receive the payment earlier this year.
House Democrats passed the $3trillion Heroes Act in May, but Senate Republicans countered with a much smaller $1trillion package in August.
And both packages did include another round of $1,200 stimulus checks for eligible Americans.
However, Democrats and Republicans have not been able to come to an agreement about how to move forward on several aspects of a relief package – with both sides blaming the other for stalling the bill.
Meanwhile, the White House has said Nancy Pelosi is "standing in the way" of $1,200 stimulus checks and coronavirus relief.
On Wednesday, Meadows claimed the House Speaker was purposely delaying COVID payouts for "all Americans."
On Sunday, Meadows also claimed Pelosi rejected the GOP's latest compromise of a $1.3 trillion package during NBC's "Meet the Press."
His comments come after Treasury Secretary Steve Mnuchin said he's willing to restart COVID-19 relief negotiations with Pelosi.
Although he was taken aback by her pricey $2.2 trillion package, Mnuchin told the House Select Subcommittee on the Coronavirus Crisis he would be up to talk.
Both Democrats and Republicans are advocating for packages similar to the CARES Act.
HEALS Act, first offered up by Senate Republicans in July, would offer the same $1,200 base check and $500-per-dependent as the CARES Act.
The HEALS Act, put forth by House Democrats in May, offers $1,200, plus more $1,200 payments for three dependents.
Both of these proposed acts call for stimulus checks to be given to the same wealth brackets as the initial CARES Act.
Source: Read Full Article