This Second Stimulus Check Would Pay The Most – Forbes

This second stimulus check proposal would pay the most.

Here’s what you need to know.

Second Stimulus Checks

As Congress weighs sending a second round of stimulus checks to taxpayers in the next Covid-rescue bill, the focus has been primarily on another one-time, $1,200 payment. That’s what is included in the Heals Act (Health, Economic Assistance Liability Protection & Schools Act), a ~$1 trillion package that Senate Republicans, under the leadership of Sen. Mitch McConnell (R-KY), proposed in July. However, there is also a newer Republican proposal: a one-time, $1,000 check. Sen. Mitt Romney (R-UT), Sen. Marco Rubio (R-FL), Sen. Bill Cassidy (R-LA) and Sen. Steve Daines (R-MT) proposed the Coronavirus Assistance for American Families Act, which would provide a second check, or Economic Impact Payment, of $1,000. These are not the only second stimulus check proposals. For example, President Donald Trump said that it’s possible that second checks may be higher than $1,200. There is also a Senate Democratic proposal for $2,000 a month, although this has no chance in the Senate. At first glance, a $1,200 second stimulus check seems financially superior to a $1,000 second check. However, it’s important to understand the details to determine how much you can get from each proposal.

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