Is a Second Stimulus Check in the Cards After All?
Neither political party wants to hand the other a victory so close to an election. That’s the reason usually offered by experts as to why another round of stimulus has failed to pass Congress. On September 15th, the bipartisan Problem Solvers Caucus (made up of 25 Democrats and 25 Republicans) introduced a proposal designed to provide more COVID-19 relief. It addresses a number of key points, including boosted unemployment benefits; state and local aid; and assistance for small businesses. As Maurie Backman writes in this piece, one encouraging aspect of this proposal is the inclusion of not just one check, but potentially two rounds of direct stimulus checks. Eligible recipients would get a $1,200 payment per adult and a $500 payment per child or dependent adult; the proposal also calls for another round of automatic stimulus checks in March 2021 if economic circumstances warrant. Full article here.