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Hicham Oumlil, a freelance fashion designer based in Brooklyn, said he and his wife, a distraught interior designer, are both going to lose nearly $ 600 a week, leaving the couple and their 7-year-old son with no source of income. After paying less than half his monthly rent for the past three months, Mr Oumlil, 48, feared he would be deeper in debt if the relief law did not become law.
The second stimulus
Answers to your questions about the stimulus calculation
Updated December 23, 2020
Legislature agreed to a plan to grant $ 600 stimulus payments and distribute $ 300 federal unemployment benefits for 11 weeks. You can find more information about the invoice and its content here.
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- Do I get another incentive payment? Single adults with adjusted gross income A 2019 tax return of up to $ 75,000 per year would pay $ 600, and head householders up to $ 112,500 and a married couple (or someone whose spouse died in 2020) earning up to $ 150,000 per year would be paid receive double that amount. If they have dependent children, they will also receive $ 600 for each child. People with incomes just above this level would receive a partial payment that decreases by $ 5 for every $ 100 of income.
- When could my payment arrive? Treasury Secretary Steven Mnuchin told CNBC that he expected the first payments to be made before the end of the year. However, it will take a while for everyone to receive their money.
- Does the agreement concern unemployment insurance? Legislators agreed to extend the length of time people can receive unemployment benefits and restart an additional federal benefit that is on top of the usual state benefits. But instead of $ 600 a week it would be $ 300. That would take until March 14th.
- I am behind on my rent or expect to be soon. Do I get relief? The deal would provide $ 25 billion to be distributed through state and local governments to help backward tenants. To get help, households would have to meet several conditions: Household income (for 2020) must not exceed 80 percent of the area median income. At least one household member must be at risk of homelessness or residential instability. and individuals must be eligible for unemployment benefits or face financial difficulties directly or indirectly due to the pandemic. The agreement states that priority will be given to support for lower-income families who have been unemployed for three months or more.
“Our livelihoods are shaken,” he said. “The government shows no leadership. I am impressed with what is currently going on in Congress. “
After House Republicans blocked a Democratic effort to unilaterally increase direct payments from $ 600 to $ 2,000 per adult, top Democrats plan to hold a roll-call vote on the Monday, when the entire House is in attendance Measure to hold. Legislators could also potentially approve an emergency funding bill to keep the government going.
“As the economy continues to stall, people are hanging by a thread and desperately need this government relief so they can afford essentials like food, medicine, diapers, phone bills and housing,” said Massachusetts representative Richard E. Neal. the chairman of the House Ways and Means Committee. “It is devious and cruel for the president to refuse to sign the law now and possibly end this brutal year by causing even more pain and suffering to families in need.”
The president’s implicit threat to reject the spending package has angered Republicans on Capitol Hill, who said Mr. Trump’s reprimand of the legislation took them by surprise after overwhelmingly supporting the bill. (In fact, many of Mr. Trump’s complaints concerned measures in state funding laws that were in line with White House budget proposals.)
Direct payments were kept at half of the original $ 1,200, approved in March under the $ 2.2 trillion stimulus bill, in part to reflect Republican reluctance to buy more than $ 1 trillion. Dollars, and there is little evidence that a majority of Republicans would support such an increase.
“I hope the president will look back at this and conclude that the best thing to do is to sign the bill,” Republican Senator Roy Blunt told reporters this week. “I think it would be to the president’s advantage if we talked about his performance rather than questioning decisions made late in the administration, but again, Congress has very little control over what the president can say.”
