Next Stimulus May Be Based On Your Income


House Speaker Nancy Pelosi is pushing for another massive coronavirus stimulus package by the end of July.

Pelosi told reporters that it is an urgent priority. At issue, though is how targeted the stimulus will be. The current idea, which the Speaker doesn’t like, is only giving checks to those making up to 40-thousand dollars a year.

The idea may have come from the Federal Reserve chairman who noted in May, “Among people who were working in February, almost 40% of those in households making less than $40,000 a year had lost a job in March.”

While Pelosi wants the checks cut by the end of the month, the targeting issue may delay things.

Source:Market Watch