The second stimulus checks will be offered to a new group of people, according to Garrett Watson, a senior policy analyst at the Tax Foundation. Watch this video to see who is now eligible to receive the payments and to learn who might miss out this time around. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
A round of $600 stimulus checks appears to be on the way.
But the size of the check is not the only difference from the first round of payments, according to Garrett Watson, a senior policy analyst at the Tax Foundation.
Under the CARES Act, individuals were paid $1,200 and an additional $500 for any dependents under the age of 17. Under the new bill, dependents will receive the same $600 as individuals, Watson said.
There are a few other key differences in how the payments are structured. Check out this video for a full breakdown of how the payments will work.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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