Although lawmakers are still working out the details of the latest coronavirus aid package, it looks like stimulus payments will be included in the legislation

A bipartisan group of Senators on Monday released a $ 908 billion legislative proposal that was split into two separate bills: a $ 738 billion funding plan, $ 300 for unemployment benefits, Small Business Loans, Food Aid and Emergency Aid Includes The second $ 160 billion proposal included state and community funding and corporate liability protection against Covid-19 lawsuits

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But as negotiations between Democratic and Republican leaders progressed during the week, lawmakers warmed to the idea of ​​funding another round of smaller stimulus payments

The latest $ 900 billion pandemic relief package includes stimulus checks of up to $ 600 to $ 700 per person, including loved one, Sen. John Thune (R-SD) told reporters on Wednesday, which is roughly half the amount lawmakers approved under the CARES (Coronavirus Aid, Relief and Economic Security) law in March

According to the Washington Post, lawmakers are currently reportedly relying on the same income standards set out in the CARES Act that saw a round of stimulus payments of up to $ 1$ 200 for individuals who have an Adjusted Gross Income of up to 75000 USD and 2$ 400 for couples with incomes up to 150Earn $ 000 plus an additional $ 500 per dependent

Legislators have until 12:01 p.m. ET on Saturday to pass a pandemic rescue package tied to the federal government’s funding bill to avoid a government shutdown, and while leaders of both parties appear optimistic that If a deal is made, it will likely come down to the wire

A “bipartisan, bicameral agreement appears to be at hand,” Senate Majority Leader Mitch McConnell (R-Ky) said in the Senate Thursday, but added that lawmakers are very likely to work through the weekend need to complete the package

House spokeswoman Nancy Pelosi (D-Calif), Chairman of the Senate Minority Chuck Schumer (D-NY) and Treasury Secretary Steven Mnuchin spoke on Wednesday evening as part of talks on the conclusion of the Covid aid negotiations

“All three stressed the urgency of an immediate agreement and will be exchanging additional papers this morning and resuming talks,” tweeted Drew Hammill, Pelosi’s assistant chief of staff, late Wednesday evening

Stimulus Check 2

World News – USA – This is how much the second Stimulus Check will probably be worth

Source: https://www.nbcdfw.com/news/business/money-report/heres-how-much-the-second-stimulus-check-is-expected-to-be-worth/2508934/