Another $1,200 check may be on its way. Here’s what you need to know

Another $1,200 check may be on its way. Here’s what you need to know

Republicans and Democrats are trying to move closer to passing a second round of stimulus before the election. 

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The White House took an aid offer believed to be for $1.8 trillion to Democrats on Friday to help get a bill approved before Nov. 3. The House earlier this month passed a $2.2 trillion bill. 

The biggest discrepancy comes from a disagreement over whether or not to give state and local governments more than $400 billion in funding to deal with the coronavirus crisis. 

However, both sides do agree that Americans would benefit from another direct payment, according to Garrett Watson, a senior policy analyst at the Tax Foundation. 

Source: cnbc.com


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