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Andy Meek
Guest
- No one is getting a new stimulus check anytime soon, despite the fact that a new coronavirus relief package is still poised to make its way through Congress soon.
- Nevertheless, there might still be new stimulus money coming your way.
- The IRS is sending out "catch-up" payments of at least $500 to cover the payments for eligible children that weren't included with some of the original stimulus checks earlier this year.
This summer has proven to be a major disappointment to anyone who was waiting on a new stimulus check, perhaps imagining how it would make life a little easier and provide a badly needed source of new funds with which to pay bills. That's a pretty likely scenario, all things considering, since the coronavirus pandemic that's resulted in more than 5.7 million confirmed COVID-19 cases in the US (along with more than 177,000 deaths, according to Johns Hopkins University) has also wrecked state and local economies around the US. Whole business sectors have seen demand utterly collapse, such as the restaurant sector in some parts of the country, as well as the hospitality and aviation industries. And in places that have recovered more than others, like New York City, the response is still limiting how much those sectors can recover -- with NYC mayor Bill de Blasio saying in recent days that indoor dining might not be allowed to return in the city until sometime in 2021.
And as if all that wasn't enough, Congress during the pandemic has somehow has managed to live up to everybody's worst assumptions about the body -- with legislative interests being so entrenched these days that they'd rather maintain the status quo than do something big for the American people. Which means that, as a Forbes writer put it this week, "Sorry America, but the second stimulus check may not happen after all."
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New stimulus checks aren’t coming after all, but here’s some good news originally appeared on BGR.com on Tue, 25 Aug 2020 at 13:41:20 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report