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What Will The Second Stimulus Check Be Worth?
The next stimulus check could be worth between $1200 and $2000. This number has changed over time as the House and Senate both push ideas that they believe are appropriate or will pass. This is important to remember because most Americans do not currently know how much they will receive. Citizens could guess that they might receive $1200, but others believe that they can receive $2000. The number could be somewhere in the middle, but no one is sure what it will be just yet.
Who Will Qualify For These Stimulus Checks?
The stimulus check requirements could change, or they might remain the same depending on what both the House and the Senate would think is appropriate. People who make $99,000 or less per year could be eligible as they were for the first stimulus package. Families of up to five people will be eligible, and SSDI recipients could receive benefits.
Additionally, the disabled, dependents over 17, and college students could qualify. It is possible that these figures change because the government may believe that certain groups do not need a stimulus because they should be in school or they already receive benefits from the government.
Senate Republicans have claimed that they might want to narrow their requirements because they want to give less money to fewer people. It is very important that people who might qualify watch the news. They need to know that they might not qualify, or they might receive less money than they thought.
Who Might Not Qualify?
Some constraints might be in place as they were with the first stimulus package. If the bill does not change, this means that young people 17-24 will receive no assistance. This is one of the worst parts of the bill in the eyes of Americans because many of these people joined the workforce immediately, are working through college, or just graduated from college. These people might also get a small stipend from their college as they complete graduate school, and they need assistance from a stimulus package because they cannot afford to work full-time.
Anyone who is incarcerated or is not a US citizen will be excluded if the bill does not change. This is very important because there are people who truly need help. Someone who is not a US citizen but pays taxes will be in a bad situation because they are doing their best to abide by current tax laws. People who have a taxpayer identification number could be excluded because they are not full citizens.
People who make too much money could also be excluded. A single person making over $99,000, a head of household making over $136,000, and a married couple making over $198,000 will be disqualified. This is a very important marker in the bill because it was included to ensure that higher-earning Americans who could work from home would not be compensated because their situation did not change as much as an hourly worker who could no longer go to work.
A stimulus package that uses these guidelines can help some people, but certain cities are so expensive to live in that families who make “too much money” might not have as much money as we think. Any new stimulus package needs to take into account how people across the country live because every state is so different.
What About People Who Make Over $40,000 A Year?
People who make over $40,000 a year could be excluded from the next round of stimulus checks, and that could cause problems for many people around the country. That figure might be reasonable in Mitch McConnell’s home state of Kentucky, but areas like New York, Chicago, and San Francisco have very high median incomes. For example, a very low earner in San Francisco makes just a little over $60,000. At the same time, people in other parts of the country would kill to make that much money.
These broad strokes are not likely to solve the problem, and that is why the House and Senate are still debating on how to create the best stimulus package for everyone. This stimulus package needs to reach as many Americans as possible before the next wave of the coronavirus hits and more people get sick. Some states might even need to shut down again. A stimulus package would be the only thing keeping hourly workers afloat in their hour of need.
What About Enhanced Jobless Benefits?
Unemployment benefits have been boosted by $600 a month, and the people who were hit hardest by the pandemic are likely to continue on unemployment because any job they find is not worth it to them. The House and Senate have both argued that they might want to remove the enhanced jobless benefit because they think it is too much money. Conservatives would claim that this benefit allows people to stop working and siphon funds from the government, but progressive groups would claim that minimum wage is too low and businesses are not paying competitive rates for their employees.
The stimulus package was meant to help people as certain parts of the country closed. States are trying to reopen and use their rights as states to do what they want. This means that some people will go back to work instead of being on unemployment, and cutting the extra unemployment payment out of the stimulus package is a simple way to prevent people from collecting checks from the government.
Everyone Should Keep An Eye On This Legislation
Because the legislation is not ready yet, it can be difficult for people to know what will happen in the coming weeks and months. The stimulus package could change quite a lot between now and the final approval of the bill. If the government is sending out stimulus checks to the public, lawmakers need to decide on a range of things from income caps to the amount of the check.
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