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As the country enters a new more financially tumultuous phase, White House economic adviser Larry Kudlow said a new coronavirus relief bill will have provisions for a second $1,200 stimulus payment for Americans. Kudlow commented on the proposed bill in an interview with CNN’s Jake Tapper on Sunday while lawmakers and the White House argue over how to best support the American economy.
“I just want to add, Jake, I just want to add we are talking about employment benefits and so forth,” Kudlow said. “Don’t forget, there’s a $1,200 check coming that is going to be part of the new package.”
This would be the second $1,200 check given to Americans since the beginning of the COVID-19 Pandemic. The original Coronavirus Aid, Relief and Economic Security (CARES) Act paid up to $1,200 per eligible American adult. Details have not been established about any income limits or other qualifiers that would apply to the second check, although the previous payment went out in full to those who qualified and made less than $75,000 individually per year.
Kudlow called the upcoming draft bill a “very well rounded package” and said it would provide “a great safety net” until the pandemic eases.
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