Asked About Possible Second Stimulus Check, Trump Says There Will Be A Second Bipartisan Package


TOPLINE

Asked whether or not the federal government will ship Americans one other stimulus examine in an interview Monday with Scripps Washington correspondent Joe St. George, President Trump mentioned, “Yeah, we are,” and indicated that one other bipartisan stimulus invoice is on the way in which, however didn’t elaborate additional on the potential for one other spherical of direct funds to Americans. 

KEY FACTS

“We shall be doing one other stimulus bundle, it is going to be excellent, very beneficiant,” Trump mentioned. 

It’s unclear whether or not Trump’s affirmation means one other spherical of checks may very well be on the way in which, or whether or not his administration is contemplating further stimulus laws that wouldn’t embrace checks; when requested for clarification, the White House press workplace responded by sending a transcript of the interview.

President Trump has signaled his openness to the thought of extra checks earlier than, as has the White House, although he has been extra enthusiastic concerning the prospect of a payroll tax reduce to prop up the labor market as a substitute.

Republican lawmakers, cautious of further authorities spending after the $2.2 trillion CARES Act (the invoice that licensed the primary spherical of financial influence funds), have been reluctant to help one other spherical of checks. 

When requested how a lot the following stimulus bundle shall be price, Trump mentioned, “you’ll find out;” he additionally mentioned he expects extra particulars concerning the bundle to be introduced “over the next couple of weeks.” 

Key background 

With CARES Act protections set to expire subsequent month and coronavirus instances spiking in almost half of states, White House officers and Republican negotiators have determined they received’t maintain negotiations on the following spherical of stimulus laws till after Congress returns from recess on the finish of July. May’s better-than-expected jobs numbers could have thrown a wrench within the course of, with some lawmakers, together with President Trump, taking the stunning excellent news as an indication that the financial system is already on the highway to restoration. The $three trillion Heroes Act—a large piece of financial rescue laws proposed by House Democrats final month—features a provision for one more spherical of checks, although Senate Republicans have mentioned that invoice is “DOA” in its present kind.

Further studying

White House Could Support More Stimulus Checks, Report Says (Forbes)

Here’s How Likely You Really Are To Get Another $1,200 Stimulus Check (Forbes)

Half Of Americans Received Stimulus Checks As Economy Stumbles And Unemployment Hits Record Highs (Forbes)

Lawmakers Are Bitterly Divided Over How To Get More Stimulus Cash To Americans (Forbes)



Source link Forbes.com

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