U.S. Treasury Secretary Steven Mnuchin said Republicans and Democrats have agreed to include another round of direct payments to U.S. households in a potential coronavirus relief program.
Mnuchin told FOX Business’s Lou Dobbs in an interview on Wednesday that the package would include a second round of economic impact payments “similar” to those distributed under the CARES Act.
This means that if you qualify for a check the first time, you will likely be ready for a second payment.
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The first round of payments was valued at $ 1,200 per adult for individuals with an adjusted gross income of up to $ 75,000. The threshold for married couples was $ 150,000 – they were entitled to $ 2,400 and $ 500 per dependent.
The benefit was eliminated entirely for those earning more than $ 99,000, or $ 146,500 for heads of household with one child and $ 198,000 for joint owners without children.
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Democratic House leaders postponed the vote on a $ 2.2 trillion relief package on Wednesday. Mnuchin said Republicans weren’t ready to endorse a package with such a high price tag.
He noted that President Trump had asked Republicans to step out of their initial negotiating point of $ 1 trillion – and suggested that the number discussed is somewhere in the “neighborhood” of $ 1.5 trillion.
Democrats originally proposed a $ 3 trillion bill.
Mnuchin was due to have talks with House Speaker Nancy Pelosi, D-Calif, on Wednesday evening, but said he didn’t expect any significant progress until Thursday.
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