"That is going to be part of the new package," the White House economic adviser told CNN's Jake Tapper.
As the financial fallout from the pandemic is set to enter a troubling new phase, White House economic adviser Larry Kudlow said a new coronavirus relief bill will include a second $1,200 stimulus payment for eligible Americans.
If a stimulus bill is passed, it would be the second direct payment sent to millions of Americans since the pandemic began. The original Coronavirus Aid, Relief and Economic Security Act paid up to $1,200 per eligible American adult. It’s unclear what income limits or other qualifications a second round of checks would include, although the previous payment went out in full to those who qualified and made less than $75,000 individually per year.
“The direct payments are a much quicker way of effectively giving everybody a tax cut, and is much quicker than the payroll tax cut,” Mnuchin told “Fox News Sunday.”
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