The second stimulus check could soon reach people’s bank accounts, but some won’t qualify for the payments.
The second round of stimulus checks may soon start arriving in bank accounts after President Donald Trump signed the $900 billion stimulus bill. The was a welcome development for the 6 in 10 people who have suffered a financial setback due to the pandemic, but millions of people may find themselves in for disappointment if they are among the groups who don’t qualify for the payment. It’s most likely that the checks will, or half the amount of the $1,200 checks sent out earlier this year. The $600 per-person payments are part of the stimulus bill passed by Congress earlier this month and signed by Mr. Trump Sunday evening. Still, Mr. Trump and House Speaker Nancy Pelosi have called for lawmakers to boost the amount to $2,000 per adult — a request that Wall Street analysts say has a slim chance of moving forward, considering the additional hundreds of billions of dollars such a raise in the amount would cost. In crafting the latest stimulus bill, lawmakers have sought to rectify a few issues that restricted payment of the first stimulus checks earlier this year. For instance, distribution of the second stimulus checks will include so-called, or families where American citizens are married to immigrants without Green Cards, a group that was blocked from receiving the checks earlier this year. Children under 17 years old will receive the same $600 payment as adults, compared with $500 in the first round. “Children will be eligible for the same benefit amount as eligible adults, and families with members of mixed immigration status with a valid Social Security number for one spouse are also eligible for the payments, unlike with the CARES Act rebates,” noted the Tax Foundation.
