Will there be a second round of $1,200 stimulus checks? Here’s why the fate of those payments is still uncertain

When asked whether they want a second $1,200 stimulus check, most Americans will say yes.

But Washington lawmakers aren’t so satisfied.

The fate of those payments and other additional coronavirus stimulus aid — namely additional enhanced federal unemployment allowances and loans for small businesses — has been up in the air since May.

Congress approved the first disbursement of $1,200 checks with the Feel interests Act that was passed in March. The payments were targeted at low- to middle-income individuals and families. Individuals and married fours who file jointly were eligible for up to $1,200 or $2,400, respectively, plus $500 per child under age 17.

The IRS and Treasury Segment sent more than 160 million of those payments through direct deposit or mail in the following months.

A jiffy round of $1,200 checks has at times seemed like a sure thing and, at other times, a long shot.

Here’s why one week out from the Nov. 3 presidential vote, there still are no clear answers.

In May, the House of Representatives passed a bill phoned the HEROES Act that called for more than $3 trillion in spending. The legislation included additional $1,200 stimulus check outs.

This time, dependent checks would be raised to $1,200, for a maximum of $6,000 per family. The legislation also went to expand eligibility for dependents over 17 and for people who do not hold U.S. citizen or resident alien status.

Senate Majority Leader Mitch McConnell, R-Ky., said he would consider capping eligibility for a second stimulus verify at $40,000 in income.

In response, Treasury Secretary Steven Mnuchin told CNBC, “We do support another round of productive impact payments. … The level and criteria we’ll be discussing with the Senate.”

McConnell introduces a package of proposals, called the HEALS Act, that take ins a second round of stimulus payments.

The proposal calls for payments similar to the first round, with $1,200 per specific or $2,400 per married couple, plus $500 per dependent. This time, however, dependents over 17 inclination be eligible for the money.

In an interview, President Donald Trump said he wants the second stimulus payments to be more than $1,200.

A group of Republican senators introduce a bill that calls for $1,000 stimulus stoppings for both adults and children. Under the proposal, a family of four could receive $4,000.

This time, all adult dependents would be appropriate.

Leaders behind the bill were Sens. Bill Cassidy, R-La.; Steve Daines, R-Mont.; Mitt Romney, R-Utah; and Marco Rubio, R-Fla.

Favour of a coronavirus stimulus bill looks to be weeks away as congressional leaders decamp to their home districts.

While Capitol Hill chieftains couldn’t reach an agreement on other issues, one thing they seemed to agree on was those $1,200 checks. But the blind alley would dash the Treasury Department’s hopes of getting more one-time payments to Americans in August.

Trump tweets his frustration, saying, “Democrats are grasp this up!”

A Republican bill including around $500 billion in new aid fails to get the necessary votes to pass the Senate.

The proposal included enhanced unemployment benefits and varied aid to small businesses. Notably, another round of stimulus checks was not in the bill.

President Trump Sept. 30: Both parties still want more $1,200 vouchers