WASHINGTON, D.C. 5/12/2020 6:48pm(est)
After many rumors and tweets by lawmakers, we finally know what the Democrats will attempt to get through the House, Senate, and finally to the president’s desk for his signature. Another round of stimulus checks for Americans making less than $100,000 a year. Once again the bill will provide for $1200 per person, $2400 for couples, and $1200 per dependent up to a maximum of 3. It’s basically the exact thing that was in the first bill, so if you qualified for the first stimulus payment, you will qualify for this one too…….that’s if the Democrats will be able to get the bill through the House and the Senate. The legislation goes to the House for a vote on Friday 5/15.
NBC News (@nbcnews) reported, on Tuesday, House Speaker, Nancy Pelosi said that for many Americans the new direct payment are “necessary for their survival” and also serves as a “stimulus to the economy.”
HOUSE SPEAKER NANCY PELOSI
Just like the CARES Act, the payments would be based on 2019 tax returns. If a person hasn’t filed yet, they would be based on 2018 returns. Seniors who are on Social Security would also get benefits based on information on file. Other non-filers would also be able to apply for a payment. The $3 trillion legislation would also include funding for: extending the $600 unemployment payments through January: almost $1 trillion in aid to state and local governments: hazard pay for some essential workers: expanding Coronavirus testing, contact tracing, and treatment: enhancing tax credits to keep employees on payroll: providing full COBRA subsidies for those who lost their employer provided coverage: additional money for the U.S. Postal Service: and support to help renters and homeowners make monthly rent, mortgage, and utility payments.
NAYZE MEDIA 