Confirmed: Second Stimulus Check Proposal of $1,200
The subject of a second stimulus check has been on the minds of many Americans for months. Until today, we only had half of the puzzle.
In May, the House of Representatives passed the Heroes Act. It created a second stimulus check of $1,200 for Americans earning less than $75,000 a year plus an additional $1,200 per dependent up to three. In many ways, it was very similar to the Cares Act but it has to yet to move within the Senate due to its high cost. . .
After some negotiation this week with the White House and discussions with some House and Senate Democrats, The Hill reported that Treasury Secretary Mnuchin confirmed that the proposed second stimulus check will be the same as the first: “We’re talking about the same provision as last time, so our proposal is the exact same proposal as last time.” . . .
It would give an advance on a refundable tax credit of $1,200 to qualifying Americans plus an additional $500 for dependent children under 17 years old. (Read more from “Confirmed: Second Stimulus Check Proposal of $1,200” HERE)
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