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Added on the 21/12/2020 10:40:36 - Copyright : Wochit
At long last, a new coronavirus stimulus package is finally set to be passed by the US Congress. The last one expired at the end of July. Business Insider reports the long-awaited package will reportedly contain $600 stimulus checks and an extra $300 in weekly unemployment benefits. While the House has passed multiple bills that would have offered more to Americans, the GOP-controlled Senate has balked until now. However, the deal hasn't been well-received in the Twitterverse, and has produced references to class warfare and revolution. 'Let them eat cake' trended on Twitter in response to the apparently inadequate $600 stimulus check. It's a famous utterance attributed to Marie Antoinette, representing the out-of-touch monied, ruling class overthrown in the French Revolution.
The second round of stimulus checks from the US government are going out this week. Business Insider reports the checks will pay up to $600 each, or $1,200 per married couple, plus additional funds for children. According to Congress's bill authorizing the payments, most of the direct cash payments will be sent to qualifying Americans by January 15. To track your payment, visit the 'Get My Payment' section of the IRS website at www.irs.gov/coronavirus/get-my-payment Direct deposits and paper checks are arriving this week.
The second round of stimulus checks began rolling out through direct deposit this week. The Internal Revenue Service says the Get My Payment tool is for checking the status of your payment. The tool itself should become available “in a few days", according to Gizmodo. The agency said that the $600 stimulus checks are for qualifying U.S. adults. Paper checks would be mailed beginning Wednesday. Adults with an adjusted gross income of up to $75,000 are eligible for individual payments of $600.
On Sunday, Republicans and Democrats in Congress agreed upon a new $900 billion coronavirus relief bill. This includes sending out the second round of stimulus checks for adults. That's half the amount of the first round of stimulus checks in April. According to Insider polling, 62% of respondents believe that the $600 checks are too little. Additionally, 76% of respondents said the payments should be greater than $1,000. 43% said the checks should be $2,000 or more.
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