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IRS second stimulus check: Here’s the latest update and why you shouldn’t expect one anytime soon

IRS second stimulus check: Here’s the latest update and why you shouldn’t expect one anytime soon
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from CNBC/Change Research found that three-quarters of likely 2020 voters in battleground states supported “sustained” direct payments. Another poll from Data for Progress found that 66% of voters and 52% of Republicans were of direct payments for up to a year after a state of emergency ends.

Yes, even Mark Cuban : Giving people money right now is a good idea.

Unfortunately, any hopes that a second stimulus check will show up anytime soon have just evaporated in a cloud of congressional disagreement. Here’s the latest update:

The fate of the HEROES Act

A week ago, hopes were briefly raised for a second stimulus check when the House passed2020欧洲杯体育线上投注 a new $3 trillion economic stimulus package that included direct payments to Americans ($1,200 for individuals and $2,400 for married couples, plus additional payments for dependents). But the Heroes Act was called “dead on arrival” by Republicans, and that’s exactly what happened.

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Despite calls all this week from Democrats demanding a vote on the bill, Senate Majority Leader Mitch McConnell refused to take it up, saying he wanted more time to wait and see how the first round of economic stimulus was playing out. In an on The View Thursday, Senate Minority Leader Chuck Schumer accused McConnell of living in an “alternative universe” where people don’t need help immediately.

McConnell later insisted in an with Fox News on Thursday that the next COVID-19 stimulus is “not too far off” but that the Senate is “not quite ready” to hash it out. In retrospect, the Heroes Act never stood much of a chance.

Where are we now?

2020欧洲杯体育线上投注With the Memorial Day weekend ahead of us, there’s very little chance that Congress will come to any kind of a deal that would get money into your pocket this month. The Senate adjourned yesterday and will until June 1.

If and when Congress does finally come to a deal, Americans may not see direct payments for another several weeks or months after that. The first round of stimulus payments was part of the CARES Act, which was signed by the president in March 27. But the first wave of direct deposit payments did not hit people’s bank accounts until mid-April, and some taxpayers expecting checks from the IRS are still waiting to this day.

Bottom line:2020欧洲杯体育线上投注 Most Americans support direct payments during the coronavirus pandemic, but a second stimulus check is weeks away at the earliest and may never come at all. We’ll update this post with the latest as soon as we hear something more.

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