Second Stimulus Check 'May Go Higher' Than $1200

Joanna Estrada
August 1, 2020

"What the leader (McConnell) said today sounded like a person who had no interest in having an agreement", she told reporters, referring to his remarks at a press briefing earlier.

Another Republican-backed stimulus package - the HEALS Act - was proposed on Monday, offering the same $1,200 for adults and $500 for children as the first round of checks. Those who have past-due child support payments, prisoners, and people who died prior to January 1 of this year will not receive the payments.

Under the CARES Act, adults were given $1,200 stimulus checks, with an additional $500 per child.

President Trump took to Twitter on Friday to accuse the Democrats of holding up another round of economic impact payments to American households, amid ongoing stimulus discussions on Capitol Hill. Also, anyone who died prior to January 2020 will not be eligible for a payment, nor is anyone who is incarcerated at the time the payment is processed by the Treasury, or anyone imprisoned for the duration of 2020. Direct checks under the $3 trillion bill would pay for a maximum of three dependents, meaning that a household of five could receive up to $6,000 from the federal government.

The difference with this round of payments is that there will be no age cap on eligible dependents. While the CARES Act only allowed the additional $500 to be allocated for families with dependent children, now households will be able to claim the additional $500 for dependents of any age.

House Democrats included the payment in their HEROES Act.

The second round of checks will follow the same eligibility formula as the first, according to the memo.

Individuals who earn a gross adjusted income of up to $75,000 and couples earning $150,000 would receive the full $1,200 or $2,400 payments, respectively. For higher earners, the checks will be reduced by $5 for every $100 in income and phased out entirely at $99,000 and $198,000.

Other reports by Click Lancashire

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