The IRS hasn't finished sending stimulus payments for up to $1,200 per person to millions of Americans, and already some are wondering if those checks will do enough and if there will be a second coronavirus relief bill. The "economic impact payments" being issued by the IRS by checks in the mail and via direct deposit to banks were introduced as a one-time payment designed to help curb the financial blow caused by the outbreak of COVID-19.
With more than 33 million people filing first-time unemployment claims since mid-March, the unemployment rate reaching 14.7% and the country barreling toward a recession that economists predict globally could be the worst since the Great Depression, talk of a second 2020 stimulus check to keep people afloat is already starting in Washington.
Today, while there is not broad enough support in Congress to pass a second stimulus package for individuals -- which some are calling the "CARES 2 Act" -- a handful of ideas from members of Congress are being discussed and gaining traction. Here's what we know about a second round of stimulus payments in 2020 for individuals.
IMO, money should be reserved for those most in need. Corporations are out. I should be out. I haven't missed a payday since this whole thing started, FFS. People in need should be targeted. Yeah, it was nice getting some "free money", but I didn't "need" it.
Small businesses, and people out of work should come first. Everyone else can stand in line, and make their cases, one by one. And, again, the large corporations don't even need to get in line. Any company with overseas subsidiaries, offshore banking, and questionable tax filing practices is definitely out. Such companies are not "American", they are international and global. (I'm looking at you, Apple, Microsoft, Google, WalMart, and a boatload more.)
Will there be a second round for coronavirus stimulus checks
https://www.cnet.com/personal-finance/will-there-be-a-second-round-for-coronavirus-stimulus-checks-heres-what-were-hearing/
IMO, money should be reserved for those most in need. Corporations are out. I should be out. I haven't missed a payday since this whole thing started, FFS. People in need should be targeted. Yeah, it was nice getting some "free money", but I didn't "need" it.
Small businesses, and people out of work should come first. Everyone else can stand in line, and make their cases, one by one. And, again, the large corporations don't even need to get in line. Any company with overseas subsidiaries, offshore banking, and questionable tax filing practices is definitely out. Such companies are not "American", they are international and global. (I'm looking at you, Apple, Microsoft, Google, WalMart, and a boatload more.)
Thoughts?
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