While a bill supporting the second round of payments has already been passed in the House of Representatives, Senate Majority Leader Mitch McConnell is recommending the annual income cutoff be set at $40,000. “I think the people who have been hit the hardest are people who make about $40,000 a year or less,” McConnell said on July 7. Forbes reports that cap would mean about 80 million Americans would be eligible to receive a second stimulus check, according to the American Enterprise Institute. That’s about half the number of Americans who received a stimulus check in May. The original bill passed by House Speaker Nancy Pelosi says that anyone earning less than $75,000 a year should receive a second stimulus check. That’s the same cap used in the initial round of payments for anyone to receive a full payout as a single tax filer.ae0fcc31ae342fd3a1346ebb1f342fcb “I think there are many families, depending on size of family and so many different things, that the $40,000 would have to be explained, justified, and the rest,” Pelosi said last week at a news conference, according to Forbes. “But I think families making over $40,000 probably need assistance. Again, just depending on their family situation.” RELATED: For more up-to-date information, sign up for our daily newsletter. Many have argued that the second round of payments is needed as the $600 per month enhanced unemployment benefits are set to expire at the end of July. And for more on where the economy may take a hit, check out 7 States That Are Headed for a “Full Shutdown.”
