Second Wave Of $1200 Stimulus Checks Could Come Under Heroes Act, If GOP Senate Agrees To Go Along
A second wave of stimulus checks and economic support could be coming to alleviate financial burdens the coronavirus pandemic has caused.
The $3 trillion Heroes Act, which has already passed the House, is an expansive relief package labeled by Republicans as a Democrat “wish list,” so it would likely not pass the GOP-controlled Senate without some concessions by the Democratic lawmakers.
The majority of one-time checks up to $1,200 have already been distributed to eligible taxpayers from the $2 trillion CARES package. As statewide shutdowns continue to ravage the economy, the White House has indicated it would support sending a second round of stimulus checks.
The Heroes Act would include that second payment from the Internal Revenue Service, in addition to other benefits.
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Under the bill, individuals with an income below $75,000 would receive $1,200 and each dependent would qualify for an additional $1,200 — covering college students and children over the age of 16, unlike the CARES act which only provided $500 for children aged 16 and younger. The bill would also provide retroactive payments to children who were excluded from the first wave of checks, but now qualify.
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