Stimulus Check 2: Could You Get Another 1 200 Payment Or A 4 000 Travel Credit

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The first stimulus checks for up to $1,200 have mostly gone out. Now the government is considering a second payment to get us through the coronavirus pandemic.

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For the most up-to-date news and information about the coronavirus pandemic, visit the [ WHO website].

Sending a [/news/second-stimulus-check-update-is-a-dramatic-second-round-coming-heres-todays-status/ second round of stimulus checks] to every eligible American is one way to help steady a shaky [/news/the-coronavirus-recession-is-real-what-that-means-for-2020-and-how-to-prepare/ US economy]. But an extra $1,200 isn't the only approach under possible consideration, and that could have an effect on whether you get another stimulus check or not. President Donald Trump [ pitched the idea of a travel tax credit] during a White House round-table discussion in May for getting through the [ coronavirus] pandemic.
"Create an Explore America tax credit that Americans can use for domestic travel, including visits to restaurants," the president proposed during the meeting. "That's a big deal." Expanding on the president's idea, the US Travel Association suggested [ a $4,000 temporary travel tax credit] (PDF) that could cover anything from meals and lodging to gasoline while traveling in the US. It isn't clear if the travel credit would supplement or replace another direct payment to you, if it were to become part of the rescue package.




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Meanwhile, talk of repeating the [/news/stimulus-check-amount-deadline-qualifications-payment-schedule-everything-to-know/ original stimulus check] one way or another is still very much on the table. The problem is the president, Senate and House can't seem to agree about early proposals, and real deliberation isn't yet underway. 

Round 2 of a stimulus check might not be the same if it does come. There could be new terms for who qualifies, how much money you could get and how you might get it. Here's what we know about three competing government proposals and how much money they could provide. This story updates frequently and is intended as an overview of the current situation. 

If you're still waiting for your first stimulus check, [/news/wheres-your-stimulus-check-10-reasons-for-a-delay-and-what-you-can-do-about-it/ here are 10 possible reasons for a delay] and [/news/is-your-stimulus-check-a-no-show-when-and-how-to-report-your-missing-payment-to-the-irs/ what you can do if you think your payment is lost or fallen through the cracks].





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Did the first round of stimulus checks do enough?

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How much money could I get from a second stimulus check?
So far, a few numbers have been thrown around. $1,200 per eligible recipient. $6,000 maximum per family. [ $2,000 per person per month until January 2021] -- or maybe $2,000 per month [ until the pandemic ends]. 

Those are some suggestions from prominent Democrats. The Senate and White House have yet to chime in with their preferences and projections, but we're keeping our ears and eyes peeled for hints. 

Remember that how much you get will eventually depend on who you are. For example, even if the bill passes, there will certainly be eligibility restrictions based on criteria like how much money you make annually, your age and your US citizenship or residency status, to name a few qualifications applied to the first stimulus check.
How could a second stimulus check help the economy?
The goal of the second stimulus check would be the same as the first: to help individuals and businesses affected by the coronavirus outbreak. That includes people who couldn't work because they got sick, were furloughed or cut to part time or lost their jobs when businesses closed to slow the spread of COVID-19. 

"This direct support can make a critical difference not just in helping families and businesses in a time of need, but also in limiting long-lasting damage to our economy," Chairman of the Federal Reserve Jerome Powell said [ in remarks before the Senate Banking Committee] earlier this week.



























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[ First-time unemployment claims topped 1 million] (PDF) for the 13th straight week, the Department of Labor revealed on June 18 and the [/news/coronavirus-recession-2020-is-official-what-that-means-and-how-to-prepare/ US is now in a recession], according to another US agency. Earlier in June, the department reported that the national unemployment rate [ slightly dropped in May] as more people went back to work, declining from 14.7% in April to [ 13.3% in May], as states allowed businesses to reopen and hire or rehire employees.

According to the World Bank, we are in [ the deepest global recession in decades]. Americans continue to show concern about the state of the economy since the start of the pandemic, according to a June 5 [ poll by the Financial Times], with more than a third now saying a global slowdown is the biggest threat to the US economy.

Under the backdrop of [ high unemployment] and a [ potentially lengthy recession] ahead, some wonder if the first check did enough for individuals, families, businesses and [/news/coronavirus-unemployment-furlough-payments-applying-more/ those who are out of work]. The question of future stimulus checks rests in part on [ how best to distribute additional aid].
The White House vision for the second stimulus check
The White House plan is still taking shape, according to [ The Wall Street Journal], http://cricnfootball.website2.me/blog/cristiano-ronaldo-as-a-kid with Trump and his economic advisers looking to boost the US economy with incentives for workers to find new employment or return to their preexisting jobs, [/news/is-your-city-reopening-9-ways-life-could-change-where-you-live/ eat at restaurants] and [ ], for example. 

The president has already expressed support for a second round of checks. "We'll be asking for additional stimulus money," [ he said earlier this month]. "Because once we get this going, it'll be far bigger and far better than we've ever seen in this country -- that includes as of three or four months ago, when everyone thought it was great and it was great." 

Expanding on the president's remarks, late last week, White House adviser Peter Navarro tweeted [ that the president is looking for at least $2 trillion] for the next stimulus package, "with a bulk of that focused on bringing home our manufacturing base," Navarro said. It isn't clear how much of that would go to stimulus checks for individuals and families.