President Trump said Wednesday that he supports a second round of stimulus for individuals, arguing that he wants to send more money than the Democratic bill allows
"I support it, but it has to be done properly," he said in an interview with the Fox Business Network
He added, "I actually support bigger numbers than the Democrats, but it has to be done properly The last time it was done, it was done in a way that discouraged work"
The president said last month that his second stimulus bill would be "very generous," but did not provide specifics at the time
The Heroes Act, which has already passed the House, would send $1,200 in relief money, up to $6,000, to each person in the household, including all dependent children This is an increase from the first round of the stimulus package, which provided $1,200 for each adult under age 16 and $500 for each dependent, with no benefits for older dependents
The Senate still must approve the Heroes Act
To find out how much you will receive under the second round of the stimulus, enter your basic tax return information into this second round of the stimulus calculator
Just today, the US jobs report for June was released, showing that the economy added 48 million jobs and the unemployment rate fell to 111% Since the expected unemployment rate was closer to 123%, this momentum could complicate plans for a stimulus package2
However, as CNN reports, the US economy has still shed nearly 147 million jobs since February In addition, the full recovery of the job market is uncertain as the number of COVID-19 cases continues to surge in the states
If you are still waiting for your first stimulus check, check your payment status online using the IRS Get My Payment app and set up a stimulus check notification in the USPS Informed Delivery tool to receive a check or stimulus check debit card in your receive an alert when it arrives in your mailbox
You can also call the IRS stimulus check phone number to speak with a representative about your payment
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