ALL OF OUR POLITICAL LEADERS ARE IN FULL SUPPORT OF THIS SECOND STIMULUS. Donald Trump has said this past week "I SUPPORT ACTUALLY LARGER NUMBERS THAN THE DEMOCRATS"
MITCH MCCONNELL said he believes the country needs one last boost
Jerome Powell said " A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activites."
SO HOW MUCH MONEY ARE WE TALKING?
$2000 a month is still a viable amount. I got my fingers crossed on this. AND I WOULD LOVE TO SEE THIS GETTING PASSED.
We have had multiple proposed in the past such as senator Kamala Harris's $2000 a month monthly payment.
BUT if I were to be realistic the $1200 seems to be the target goal at the moment.
So who are the people getting this next payment?
Well we had 160 million Americans get the first round of stimulus checks and deposits. But at the moment it looks like that number may be reduced to people who are making less money than what it was originally capped at.
McConnell said that hopsitality industry workers making $40,000 or less really need this money the most but what about everyone else?
I believe that there will be many simlair characteristcs to the first stimulus check that we saw a few months back.
If this does get passed we are looking at Early August or the celebration of the good news.
The next session starts July 20th and the Senate has a period of 15 days until August 7th to work on the next stimulus package and send it out.
If they do not work it out during that time it will be pushed back to another window and that is September 8-25th and by then it'll really be too late.