26 million people who didn’t qualify for the first stimulus check may be eligible for the second
As Democrats and Republicans negotiate another coronavirus aid bill, both parties and President Trump agree Americans need a second round of stimulus checks.
On Monday, Senate Republicans introduced the HEALS Act, calling for a second $1,200 economic impact payment for qualifying Americans. Democrats also called for another round of $1,200 payments in their proposal, known as the HEROES Act, which was passed by the House in May, before stalling in the Republican-controlled Senate.
The Republican stimulus check proposal, however, contains one key difference when compared to the first round of stimulus checks sent out under the CARES Act in late April: More people are likely to receive money.
“It’s on the little details that things have changed,” Janet Holtzblatt, senior fellow at the Urban-Brookings Tax Policy Center told CNBC.com earlier this week.
Here’s why 26 million more Americans could qualify for a stimulus check under the HEALS Act, according to an estimate from the Tax Foundation.
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