Is There Another Government Stimulus Check Coming?
To help offset the economic impact of the COVID 19 pandemic, the government sent us all a check. Could there be another?
The short answer is, probably not. A new proposal calls for another round of checks, bonuses for essential workers who stayed on the job and a "reward" of $450 for people who return to work. However, there is opposition to more relief money coming from members of both parties.
Even if it passes, not everyone may be guaranteed a check. On top of the hesitation to send out more money, (and the likelihood we won't all get some), other benefits currently available are about to end. Loans to small businesses to help them retain workers will soon run out if Congress does not extend them and the additional $600 offered to those on unemployment expires July 31st. (Read more here.) The policies preventing eviction for nonpayment of rent are running out of time too.
Sen Mitch McConnel stated that if, IF, they pass another relief act, it will be the last one. Therefore, if the pandemic rages on, this next round of help will dry up just as the CARES act has and we'll be right back where we are now.
Even if they do decide to release more money, we won't see it for a while yet. According to an article at msn.com, a summer Senate calendar shows no votes happening at all before June 30th.
If more money does become available, here's what you can do to get your share.