NEW! EXPECTED DATE RELEASED - Second Stimulus Check Update, Unemployment & Stimulus Package Update
This is your Second Stimulus Check update and stimulus check 2 update as of Sunday, July 26th. We cover the second stimulus check, the stimulus update, and also the next stimulus package.
In today’s update we will cover the expected timeline of the second stimulus payment, and when the Senate Leader Mitch McConnell said the next stimulus package will be passed.
After plans by Senate Republicans to introduce a new stimulus package failed last week, the White House and GOP Senators have regrouped and will be disclosing the new stimulus package on Monday.
This GOP stimulus package will focus on reopening schools, jobs, the economy and health care.
The Senate is wasting time! The people are tired of waiting. Give this video a thumbs up if you feel like they need to hurry up!
In case you missed the previous update, Treasury Secretary Mnuchin told reporters from the Hill that individuals making $75,000 or less would get the full $1,200 direct payments.
Basically the distribution of the second stimulus payment would be based on the same metrics used in the sending out the first stimulus checks.
If you can recall, the cut-off amount for the first stimulus check was $99,000. Married couples earning up to $150,000 a year also qualified for a full $2400 combined stimulus payment, plus $500 for each dependent child.
And if you make more than $75,000, the $1,200 will be reduced by $50 for every $1000 you make over the income limit.
So When will we see the $1200 second stimulus checks?
It's very unlikely the Senate will pass a new stimulus package by the end of this month.
The Chicago Tribune reported that Senate Leader Mitch McConnell said on Friday that he hoped a package could be agreed on “in the next few weeks.” Once Republicans present their proposal, negotiations with Democrats will begin.
According to the Chicago Tribune, here’s what Treasury Secretary Steven Mnuchin said about when to expect the second stimulus check:
“We’ll get the majority of them out in August and those will help people.”
This delay is not the news millions of struggling Americans are expecting to hear right now.
More delay could mean more disruption and financial pain to individuals and households.
Especially with bills and rent due in a few days along with the federal eviction protections on millions of rental units which expired yesterday, July 25th.
Also the extra $600 unemployment benefit expired this weekend with no other active plan in place.
Millions of unemployed American workers who relied on this benefit since the pandemic began may be left hanging.
A lot of people working during the period have been wondering if Hazard pay for essential workers will be included in the next stimulus package.
Right now, not much has been said about hazard pay in the GOP stimulus plan.
CHECK BACK LATER FOR MORE UPDATES.
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While we keep waiting for a decision from Congress, If you would like to learn how to make up to $85 per hour working from home during this period, please check out this video: for some new, simple and exclusive ways to get started today!
Other quick and awesome ways to make extra money online during your spare time, check out these videos:
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