Will President Trump support a second stimulus check?
Will President Trump support a second stimulus check?
Here’s what you need to know.
Will there be a second stimulus check? It’s a hot topic now as Congress decides the next stimulus package. President Donald Trump previously has supported the idea of a second stimulus check for the American people. The second stimulus check would be a follow up stimulus payment to the first stimulus check, which was approved under the CARES Act financial stimulus package. Here are 3 reasons that Trump may support a second stimulus check (and 3 reasons it still may not happen).
It’s no secret that the Covid-19 pandemic has materially impacted the economy and employment. With more than 40 million people applying for unemployment benefits, many are still out of work even as the economy reopens. This financial reality may be exacerbated next month as some unemployment benefits will be eliminated. The first stimulus check was a one-time payment of up to $1,200 for individuals and up to $500 for dependents based on adjusted gross income. For many Americans, the first stimulus check was not enough money to help pay bills during an economic and health crisis. A second stimulus check could provide additional financial support when many Americans need it most.
Trump is up for re-election this November. A second stimulus check could help bolster his poll ratings and provide support in swing states that have been impacted especially hard from Covid-19.
