If Speaker Pelosi and several other Democrats in Congress have their way, you’ll get another stimulus check, albeit the amount could differ from the proposed $2,000 stimulus check. But it’s not only about what Democrats want. Republicans and Democrats must agree and pass something that can get through both Houses of Congress and then gain the approval and signature of President Trump.
What do Americans have to say about a second stimulus check? How do they feel about getting a $2,000 monthly stimulus check? Is a second stimulus check on the way? What is Congress doing right now to provide more relief? These are the questions being asked by millions of Americans as this pandemic rolls on.
While the conversation continues within Congress and between congressional leaders and the White House, it might be good to assess what the American people actually have to say on the issue of more stimulus checks. So let’s look at that.
Do Americans actually want a second stimulus check?
The answer is a solid yes. The research and data strongly support that Americans want another stimulus check. And though a specific dollar amount wasn’t part of the survey, the responses indicate that Americans are waiting—and hoping—for Congress to do something. A majority—both unemployed and employed—remain very uneasy about this coronavirus economy.
Based on the recent survey conducted by WalletHub, we have the ability to know what Americans have to say about the matter. Here are the results.
- A whopping 84% of Americans say they want a second stimulus check, with only 16% reporting that a second round of stimulus checks are not necessary.
- A significant majority, 62%, of those surveyed agree that a second stimulus check should be sent to everyone rather than focusing it on the underemployed or unemployed.
- Finally, a full 64% of respondents report that they will completely run out of money within three months or less.
Do Americans actually want monthly stimulus checks?
Again, the answer is a solid yes. The research and data strongly support that Americans want Congress to pass regular monthly stimulus checks to cover people throughout the entirety of this public health and economic crisis. A majority—both Republicans and Democrats—agree that coronavirus relief should be sent to those most affected by the pandemic, though a specific dollar amount wasn’t part of this poll.
According to this CNBC/Change Research poll conducted across six key political swing states (Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin), bipartisan support exists for monthly stimulus checks going directly to the people.
Here are the findings as they relate to additional and monthly stimulus checks.
- A full 94%—nearly unanimous—support exists for sending recurring direct monthly payments specifically to those who have lost jobs or wages, and respondents support sending the monthly checks until the pandemic ends.
- A significant majority, 74%, support recurring direct monthly payments to individuals (regardless of whether they have lost their jobs) until the pandemic ends.
- The bipartisan support for continuing to make direct payments to qualifying individuals until the pandemic ends breaks down as follows: 96% of Democrats, 74% of Independents, and 53% of Republicans support such a policy.
- Only 22% of voter respondents indicate a belief that too much money has already been spent on relief for the impact of COVID-19.
What is Congress doing now?
There is a growing consensus that the first stimulus check of $1,200 grossly fails to meet the moment and won’t cut it over the long haul as COVID-19 continues to ravage the economy and threaten the lives and health of Americans.
The $2,000 a month stimulus check gains traction.
Just Thursday, Speaker Pelosi said, “We need [to get] the money in the pockets of the American people.” She expressed her commitment for another stimulus check—and even monthly payments. And she is not alone in this. Several other senators and representatives have expressed this same sentiment, and many have put forward proposals. The White House and Congress are currently negotiating what, if any, additional stimulus checks should go directly to regular folks.
The proposal that continues to get discussed is the Emergency Money for the People Act. Two key advocates for this proposal are Representatives Tim Ryan (OH-13) and Ro Khanna (CA-17). Though more in Congress continue to step forward with various proposals and plans, these two were early out of the gate calling for second stimulus checks and saying that the first stimulus check of $1,200 was woefully inadequate.
The Emergency Money for the People Act basically calls for sending monthly checks of up to $2,000 for individuals, $4,000 for married couples and up to $5,500 for families with children. If interested, take the time to learn about eligibility details, and compare the $2,000 stimulus payment to the $1,200 payment.
The $2,000 a month proposal is gaining traction in Congress. A new proposal that picks up on this theme was rolled out Friday by Senators Harris, Sanders and Markey.
The coronavirus economy will lead the way.
Yesterday, on Fox News Sunday, Treasury Secretary Steven Mnuchin acknowledged that “real” unemployment is much higher than the recently reported 14.7%. Secretary Mnuchin also said that we’ve likely already hit 25% unemployment and indicated that things would get worse before getting better.
Certainly, the economy will lead the way. The more quickly the economy bounces back, the less likely it will be for Congress to act. The longer the economic suffering drags on, the more pressure there will be on Congress to act. Primarily, three factors will override all others when it comes to decisions about more stimulus checks.
- What’s happening with job losses? Do the jobs return? How fast do they return? Or, are a large percentage of the job losses permanent?
- What’s happening with the economy? How deep is the recession? How long does the recession linger? Does it risk becoming another depression? What is the economy doing—shrinking, growing or remaining stagnant?
- What’s happening with unemployment? Are the levels reducing back to pre COVID-19 levels? What about the “real” unemployment level? How does it impact different ethnicity and age groups?
The answers to these questions and others will propel lawmakers to act or not. Right now, the projections are dire and lead us to three inescapable and bitter truths. When it comes to job losses, the economy and unemployment, more suffering, discomfort and pain are expected. These three bitter truths will surely impact whether or not Congress acts at all and how fast.