Second Stimulus Check: Trump keen to increase the amount of payments
Speaking to Fox News, the US president says he wants people to get the money as quick as possible and is anxious that the amount of the second stimulus check is bigger.
The CARES Act was signed into law on Friday, March 27, 2020. The very first stimulus checks were paid into people's bank accounts over the weekend of the 11 and 12 of April, giving a lag time of about two weeks for the first payments. The first people to receive the stimulus payments, directly into their bank accounts, were taxpayers who had filed a 2019 or 2020 tax return.
Millions of Americans received their direct payment by April 15, that is two and a half weeks after the legislation was signed into law by President Trump.
Many were wondering if a second wave of IRS Economic Impact Payments would be sanctioned by the Trump Administration with the president himself confirming to Fox Business News that he is in favour of a second stimulus check being sent to millions of Americans and wants this one to be even bigger than before.
“I support actually larger numbers than the Democrats, but it’s got to be done properly,” Trump said. “I want the money getting to people to be larger so they can spend it. I want the money to get there quickly and in a non-complicated fashion.”
He added: “I want the money getting to people to be larger so they can spend it,” Trump said after he was asked whether he wanted larger stimulus checks or larger federal unemployment benefits. “I want the money to get there quickly and in a non-complicated fashion.”
If Trump is talking about another round of stimulus checks, everything points to those eligible American citizens destined to receive more than the $1,200 that was sent out in the first wave of payments.