Will the next coronavirus relief bill contain new rebates? Republican lawmakers are beginning to question including rebate checks in the next stimul
Will the next coronavirus relief bill contain new rebates? Republican lawmakers are beginning to question including rebate checks in the next stimulus bill. They’d supplement the $1200 checks given to Americans in the previous relief package. Senate Republicans say they’ll focus on expanding the Small Business Administration’s Paycheck Protection Program. Some Senate Republicans, such as Mitt Romney, also support aid to state and local governments and additional unemployment benefits. Others, including Majority Leader Mitch McConnell are resisting both ideas.
IRS says 159 million have received stimulus payments. In the past two months, the IRS has distributed more than 159 million Economic Impact Payments totaling almost $267 billion. About 120 million payments were made by direct deposit, 35 million by check, and 4 million through pre-paid debit cards. The IRS says those who have not filed a federal income tax return for 2018 or 2019 have until Oct 15 to request a payment.
But millions of Americans continue to wait for their first unemployment checks. State processing systems have been overwhelmed by the surge in jobless claims and it has taken months for them to clear backlogs. As many as a third of the 40 million applicants since March have not yet received benefits.
The House-passed HEROES Act would help fight the recession by expanding the EITC. TPC’s Elaine Maag…