President Trump helped create the greatest American economy on record…
And he can do it again!
HUGE news broke when Treasury Secretary Steven Mnuchin announced that the White House is "deeply considering" a second round of stimulus payments.
This news comes just a week after the May jobs report showed more jobs added to the economy, rather than job losses.
The jobs numbers blew every expert expectation out of the water!
Now, the Trump administration wants to keep up the momentum and help the economy grow stronger than every before.
Different options are on the table, including a second round of direct stimulus payments straight to American taxpayers.
More details on this exciting news below:
President Trump has been consistently clear: we cannot allow the cure to be worse than the virus itself.
By sending a stimulus payments directly to American taxpayers, President Trump is protecting Americans from liberal leaders who want to keep the economy endlessly shut down.
Even as some states safely reopen their economies, many blue states are remaining closed.
The Hill confirms the major announcement made by Mnuchin:
Treasury Secretary Steven Mnuchin has signaled that the Trump administration is considering another round of stimulus checks as many Americans continue to feel the economic sting of the coronavirus pandemic.
“It’s something that we’re very seriously considering,” Mnuchin told the press Thursday, The Wall Street Journal reported. He said that a final decision would be coming on whether President Trump would push for the checks in Congress's next stimulus package.
The initial round of stimulus checks was part of Congress's $2 trillion-plus CARES Act passed in March. Qualifying American adults received a one-time payment of $1200, receiving an additional $500 for every dependent claimed under the age of 17.
The IRS has said that it has paid all eligible Americans that it has enough information on to have received their checks. The total paid out is $267 billion, according to the agency.
In its latest $3.5 trillion stimulus package proposal, the Democratic-led House included another round of stimulus checks. These checks would be larger, offering an additional $1200 each for up to three children claimed instead of $500.
No decision has been made yet, but the proposal is still on the table and under serious consideration.
Most Americans qualified for $1,200 stimulus checks earlier this spring.
This second round of checks would be for financial assistance on top of that!
The comments were made during an online conference with reporters.
The first round of stimulus checks as sent during the phase 3 stimulus.
A phase 4 stimulus package is on the table, but there are no details on what exactly it would contain.
During the same conference, Mnuchin also stated that he doubts the federal government would force the shut down of the entire U.S. economy due to COVID-19.
The Daily Caller also confirms Mnuchin's comments:
Treasury Secretary Steve Mnuchin said Thursday the White House and Congress are considering a second round of coronavirus relief checks for some Americans.
Mnuchin confirmed the possibility during an online conference with reporters Thursday, saying administration officials have discussed the idea with President Donald Trump but no ultimate decision has been made, according to the Wall Street Journal. The payments would come in addition to the $1,200 checks sent out to millions of Americans earlier this Spring.
“It’s something that we’re very seriously considering,” Mnuchin said on the issue, according to WSJ.
The phase three bill also included $1,200 checks for individuals making less than $75,000 per year and an additional $500 for each child under 17 years old, according to CBS News.
Congress has negotiated over a potential phase four plan for weeks, but no decisions have been made about what the bill would contain.
Mnuchin went on to say it is “extremely unlikely” that the government would force sections of the U.S. economy to shut down once again due to coronavirus, according to WSJ.
While the Trump administration is doing everything realistically possible to protect American lives and livelihoods, it still isn't enough for some Democrats.
Failed Democratic candidate Bernie Sanders wants up to $6,000 for taxpayers, but provided no details on a plan to safely reopen the economy so that Americans can provide for themselves.