Treasury Secretary Steven Mnuchin announced that the next phase of WuFlu stimulus was ready to go. Republicans are expected to announce a $1 trillion proposal which would include another round of stimulus checks.
According to Mnuchin, Americans can anticipate a $1,200 stimulus check sometime in August. The same stipulations will take place as the first round of stimulus payments: individuals making $75,000 or less will receive $1,200, those making more than $75,000 will receive a pro-rated amount. Those making $100,000 or more per year are not eligible for a stimulus payment.
“The president has been very clear. He wants to make sure that the American people have what they need during this unprecedented time,” Trump’s chief of staff, Mark Meadows said. The president wants “to make sure not only the money is there but the programs.”
One item still up in the air is the extra payment for unemployment. Currently $600 a week, the Republicans in Congress want to reduce that to $400. The idea being the reduced benefit will encourage people to return to work.