Here’s your daily stimulus check, your second stimulus check and stimulus package update for Friday, July 17th, 2020. This is your Stimulus check update, Stimulus Challenge is coming down to a DEADLINE.
With so much turmoil between the Republicans and Democrats, I’m worried that next week will feature a lot of talking, bickering and fighting, which will cause a delay in passing another disaster relief bill.
Fortunately, Treasury Secretary Steven Mnuchin made a statement to Congress today urging them to pass another stimulus package by the end of the month.
Mnuchin stated: “We are monitoring economic conditions closely. Certain industries, such as construction, are recovering quickly, while others, such as retail and travel, are facing longer-term impacts and will require additional relief.”
I’m glad that someone in the White House is putting the pressure on congress to pass another stimulus package before we get to the cash cliff that awaits us on July 31st.
President Trump is demanding that payroll tax cuts must be included in a Phase 4 disaster relief bill, according to 2 different sources within the White House.
Judd Deere, a White House spokesman, explained: He’s called on Congress to pass this before and he believes it must be part of any phase four package.”
This payroll tax is the 7.65% tax that pays for Social Security and Medicare trust funds out of worker’s paychecks.
While I do believe that this will help people that are currently employed with some extra funds, this stimulus item does little to help the millions of currently unemployed Americans struggling to get by.
Finally, we’re starting to get a better idea of what this upcoming stimulus package is probably going to look like.
While the Senate and the White House are looking to spend no more than $1 trillion on another stimulus bill, Nancy Pelosi has made it clear that $1 trillion is just not enough.
But even as that number creeps higher, Pelosi is adamant that we need to provide much more funds to the American people in a Phase 4 disaster relief bill.
She continued: “They know there’s going to be a bill. And, first, it was going to be no bill, and then it was going to be some little bill. Now it’s $1.3 [trillion]. That’s not enough. That’s not enough.”
I don’t know about you, but I can’t wait to see the showdown that’s about to happen between Congress and the White House beginning on Monday!
I’m going shopping this weekend so come Monday, I’ll have my popcorn, soda and Cracker Jacks all ready for the battle of the century, that hopefully provides us with another stimulus package soon.
Are you getting excited for the upcoming stimulus package discussions? Let me know in the comments below!
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