Sunday, December 22

New stimulus check will be at least $ 1,400

The Democratic leader in the Senate, Charles Schumer. Photo: Alex Wong / Getty Images

There are doubts about the amount of the new stimulus check.

Despite the fact that the Democratic leader in the Senate, Charles Schumer (New York), said that the first action of the majority of his caucus will be to approve the aid of $ 2 ,000 Dollars, there is no clarity on the actual amount of the project.

The reason is that IRS is currently still distributing the $ 600 dollars and the Democratic campaign was focused on increasing that amount to $ 2, 000.

Even experts in finance and economic policy remember that Democrats and several Republicans approved the CASH Act in the Chamber, which allows the increase of the $ 600 dollars at $ 2, 000.

Therefore it is expected that the minimum amount of the new aid check is $ 1, 400 dollars.

“We expect growing anticipation that Democrats will seek additional stimulus with a $ 2 check, 000 dollars (or at least $ 1, 400 remaining) ”, said Ed Mills , analyst at investment bank Raymond James, reported CBS News.

President-elect Joe Biden is one of the most helpful advocates and is expected to immediately accept a comprehensive proposal that includes other benefits for companies and businesses, in addition to additional funds against the coronavirus pandemic and support to state governments.

Hunter Hammond, an analyst at Heights Securities, estimates that the amount of the next stimulus package could ranging from $ 1 trillion to $ 1.5 trillion .

In terms of timing, analysts point out that the current aid package is still in distribution and considers support until March, so a new law it would be approved at the end of January to begin distributing before the end of the first period.

“A package of improved stimulus would likely come in March ”, CBS quoted Hammond and Mills.

Experts noted that Congressmen would have time.

“This is because the most recent relief measure extended unemployment programs until mid-March,” they said.