Second round stimulus checks may be passed by end of July, Mnuchin says

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Link to tweet

...cretin. Trying to fiddle with income requirements. Absurd because millions have had their income interrupted or outright cut off.

Treasury Secretary Steven Mnuchin on Thursday hinted that a second round of stimulus checks could be part of the government’s next round of coronavirus relief that he expects to be passed by the end of the month.

“We do support another round of economic impact payments,” Mnuchin said in an interview with CNBC. “As soon as the Senate gets back, we’re going to sit down on a bipartisan basis with the Republicans and the Democrats and it will be our priority that between the 20th and the end of the month, we’re going to pass the next legislation.”

Mnuchin's comments come after President Trump last week expressed support for more direct payments to individuals, followed by Senate Majority Leader Mitch McConnell who said on Monday that he supported checks targeted towards low-income families.

“I think the people who have been hit the hardest are people who make about $40,000 a year or less, many of them work in the hospitality industry,” McConnell said. “The hospitality industry, as all of you know, just got rim-racked — hotels, restaurants — and so that could well be a part of it."

Mnuchin said on Thursday he had a “very productive call” with McConnell, but didn’t specify if the next round of stimulus will have a lower income eligibility threshold.

https://money.yahoo.com/coronavirus-stimulus-checks-second-round-may-be-passed-by-end-of-july-mnuchin-says-153659893.html?acid=twitter_yfsocialtw_l1gbd0noiom

[marybourg]

1. Still hoping for my first.

[peacefreak2.0]

2. Me too

Kind of given up.

[Igel]

4. If you don't get it this year, you get it next spring.

Its' a refundable tax credit. They send it to you now (give or take a month or two) or it all gets ironed out when you filed the old 1040 in spring 2021.

[bigtree]

3. that's awful

...and the agency walled off and mostly inaccessible.

Did you try communicating through the IRS website?

I actually had someone come on and engage in back-and-forth dialog with me for a few days.

[rainin]

5. The last round was based on income from 2019. Our income is now zero.

These jackasses won't even try to get it right. It's an excuse to extract more money for themselves from the treasury before they're gone

[stopbush]

6. Notice how Rs always try to lowball and help going to middle- and low-wage families

but that it’s the exact opposite when it comes to how much $ they will spend on Wall Street and businesses?

They brag about how much they cut taxes and shovel money at businesses, while they pull out the “over my dead body” bullshit for the working class.

[Takket]

7. what's the catch?

i don't buy for a billionth of a second that the GOP is going to get on board with stimulus relief just for the lowest income families. this will likely be couple with a massive tax cut for the 1%.

[bigtree]

8. kick