The vast majority of Democrats and Republicans, 70 percent, are in support of a second economic stimulus check for Americans. The second check will be up to $1200 and Americans are free to spend it as they please.
The coronavirus has caused many to become unemployed or experience reduced hours. A second stimulus check will not only jump-start the economy but also boost morale as Americans struggle to pay for basic needs. The check will likely be included in the final package due to a bipartisan agreement.
Americans continue to face various financial hardships because of the coronavirus. Many fear defaulting on their mortgages or getting too far behind in rent payments due to unemployment. Landlords also fear losing their income properties because they are unable to pay their mortgages because tenants cannot pay rent.
The government’s answer to this debacle is the new eviction moratorium which went into effect on September 1. The order protects 43 million U.S. residential renters from being evicted through December 31, 2020.
There are certain requirements that must be met, such as, earned income less than $99,000 and declaring that you were unable to pay rent due to COVID-19. You must also prove that you would be homeless if evicted. Renters can still be evicted for reasons other than non-payment of rent. They will also be responsible for paying any missed rental payments along with any applicable penalties and fees.
The government cannot seem to come to an agreement about what a complete stimulus package should entail. Republicans want to determine every aspect of the package while Democrats want a top figure with the opportunity to fill in the blanks later.
However, it seems a bi-partisan agreement to provide a second wave of stimulus checks is likely.
Written by Sheree Bynum
Edited by Cathy Milne-Ware
Forbes: Stimulus Deal Getting Closer, But There’s More Work To Be Done; Rob Berger
CNET: 10 most important issues in the stimulus bill and why they might matter for you; Clifford Colby, Erin Carson, Shelby Brown, Alison DeNisco Rayome
Featured Image Courtesy of Pete Linforth’s Pixabay Page – Creative Commons License
Inset Image Courtesy of Ronnie Pitman’s Flickr Page – Creative Commons License