Trump calls off stimulus package talks, meaning Americans likely won't receive a $1,200 stimulus checks before the election
Added 10-06-20 08:14:02pm EST - “House Democrats had passed two measures that would have provided $1,200 to each adult and another $1,200 for each dependant child.” - Businessinsider.com
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Posted By TheNewsCommenter: From Businessinsider.com: “Trump calls off stimulus package talks, meaning Americans likely won't receive a $1,200 stimulus checks before the election”. Below is an excerpt from the article.
Americans will not receive any additional economic relief — neither stimulus checks nor expanded unemployment benefits — until at least after the November election, US President Donald Trump announced in a social media post on Tuesday.
Insisting that Democrats only want to "bailout poorly run, high crime, Democrat states," Trump said on Twitter that he would no longer negotiate with them over another stimulus package. Indeed, he insisted that the economy is "doing very well," despite there being 10.7 million fewer jobs today than there were six months ago, and said he would pivot instead to confirming his nominee Amy Coney Barrett to the Supreme Court.
On October 1, the Democrat-led House of Representatives passed a $2.2 trillion coronavirus relief package that included a second round of $1,200 stimulus checks for every American, with parents eligible to receive another $1,200 for each dependent child. The bill also proposed an additional $600 in federal unemployment benefits and $436 billion in aid for state and local governments to help cover the cost of providing assistance to out-of-work Americans.
The Democrats' plan would have also revived the Paycheck Protection Program, providing cash infusions to small businesses to help keep employees on the payroll.
Democrats had passed a $3 trillion stimulus bill in May, but Senate Republicans and White House negotiators balked at the price tag, and the two sides were unable to reach a deal.
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