The government may, once again, be getting ready to open its coffers amid the ongoing global pandemic.
National Review reports that President Donald Trump supports the idea of handing out another round of coronavirus relief checks to Americans — so long as it is “done properly.”
Trump supports larger checks
For weeks now, Americans have been hearing about the possibility of another round of direct stimulus payments as a means to boost the economy amid the COVID-19 downturn.
The first round of relief payments began going out back in April as part of the CARES Act, according to CNBC. Democrats have indicated that they are open to the idea of putting money in the hands of Americans once again, but Trump suggested in an interview with Fox Business on Wednesday that he is willing to go even bigger, National Review noted.
“I support actually larger numbers than the Democrats, but it’s got to be done properly,” Trump said, according to National Review.
The president continued: “I want the money getting to people to be larger so they can spend it. I want the money to get there quickly and in a non-complicated fashion.”
“It’s got to be done properly”
Though it is not entirely clear what President Trump meant when he said that “it’s got to be done properly,” one thing is evident: he wants to incentivize Americans to return to work, as Fox News noted.
One of the potential drawbacks to providing direct cash assistance is that can encourage workers to remain off the job, a risk that many say was exacerbated by a provision in the CARES Act, which upped unemployment compensation benefits by $600 per week, according to NBC News.
As such, many who found themselves unexpectedly out of work have been bringing in more money than if they returned to their previous employment. Democrats, for their part, are attempting to keep it this way, advocating to push the expiration date on those increased benefits from July until a point in the future when the unemployment rate drops below specified thresholds, as CNBC reported.
This is likely the sort of thing that the president was referring to when he said that things have “got to be done properly.” It is for this reason that, according to NBC, the Trump administration is floating the idea of a “back-to-work bonus,” which would provide cash incentives for Americans to seek employment, which in turn would help get the economy back on track.
Not a done deal
It ought to be noted that there is no guarantee that another round of stimulus checks will go out. The president can’t make such a thing happen without the help of Congress, and not all lawmakers are on board with the handing out of more money, with Senate Majority Leader Mitch McConnell (R-KY) among those who may oppose such a move, according to Forbes.
Movement — one way or another — on a possible second round of stimulus checks will be apparent soon enough: according to Fox Business, McConnell himself recently indicated that if Congress does approve a phase four relief plan, it will happen in August before the legislature goes into recess.