Negotiations on a second stimulus check continue and many have begun to question whether the second round will be greater than $1,200.
Last March, the U.S. government passed the CARES Act, the largest economic bailout in the country’s history. It offered a series of reliefs to face the labor and economic crisis brought about by the coronavirus outbreak, such as the distribution of a stimulus check of up to $1,200.
Now, almost seven months after the passage of the CARES Act, negotiations on the new economic bailout continue to cause problems in the U.S., as Republicans and Democrats have failed to reach a bipartisan agreement, yet both parties favor the distribution of a second round of $1,200 stimulus checks.
Democrats propose that, in addition to the $1,200 per individual, an extra $1,200 per dependent be offered, while the latest Republican proposal calls for an extra $1,000 per dependent.
Second Stimulus Check: Could it be more than $1,200?
That said, citizens with dependents could receive more money than they did in the first round of the stimulus check, thanks to eligibility requirements.
Although nothing is certain yet, negotiations are looking at the possibility of offering the extra money per dependent regardless of their age limit, which was 17 in the first round.
In addition, it is estimated that the Internal Revenue Service (IRS) will issue the corresponding payment more quickly, since the government agency already has the necessary banking information for the distribution of the money.
For now, it only remains to wait for the Republicans and Democrats to reach a bipartisan agreement, however, experts on the subject believe that this will not be possible until after the presidential elections of November 3.