Second Stimulus Check Likely to Exceed $1200 for Many

President Trump hinted that the second round of stimulus payments could be higher than the original $1200. The new GOP plan has updated the definition of “dependents” allowing many to receive an additional $500 dollars per person in their families. 

During an interview in Texas yesterday, President Trump spoke on the second stimulus package, saying “we want to take care of people that don’t have jobs,” Noting that “we have to do it smart but we want.. (to be) very generous.” When asked by a reporter if $1200 would be enough the president responded ” We’re going to see it may go higher than that actually.” He went on to praise the economy saying “We just had tremendous job numbers” and “great retail sales numbers.”

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Pew Report: Expect Increase in Debt Collection Lawsuits, Debt Collectors Seizing Stimulus Checks

A new report published by Pew Charitable Trusts suggests that with the increase of debt collection lawsuits, “debt collectors may seize $1,200 coronavirus checks intended for household expenses.”

Before the coronavirus restrictions began, American household debt had already increased by $1.5 trillion between 2008 and 2019. As debt increased, so also did an aggressive approach made by creditors and third-party firms to use state civil courts to pursue collections through debt claims, Pew says.

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Reps. Tim Ryan and Ro Khanna Propose Additional Stimulus Checks for Americans

Reps. Tim Ryan (D-OH-13) and Ro Khanna (D-CA-17) introduced a bill Tuesday that would provide additional payments to Americans who are struggling during the Chinese coronavirus pandemic.

This week an estimated 80 million Americans started to receive $1,200 stimulus checks from the federal government to help amid these difficult times.

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