The next stimulus check might be $5,000, but there’s a huge catch

$%name The next stimulus check might be $5,000, but there’s a huge catch by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

The coronavirus has brought the U.S. economy to a standstill and many Democrats believe another stimulus package is necessary.
President Trump, however, recently said he’s in “no rush” to sign another stimulus package anytime soon.
If additional payouts become necessary, some in the White House are floating an idea that would involve $5,000 payouts to Americans willing to delay their Social Security benefits.
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The impact the coronavirus has had on the U.S. economy has been pronounced. Unemployment is at a historic high, businesses have gone under, and many individuals and families have been left struggling to make ends meet. With that said, President Trump back in March signed a $2 trillion stimulus package designed to inject a bit of life into an economy that slowed down to a crawl. The aforementioned package included $1,200 payouts to eligible Americans, payments that the IRS began making last month.

Given the current state of the economy, there’s a good chance we might see a new stimulus package from Washington at some point in the future. Some folks in the Trump administration, however, are wary about increasing spending and have floated a few ideas to limit the impact on stimulus payouts to Americans. According to The Washington Post, one such idea involves giving Americans the option to receive a $5,000 stimulus check on the condition they delay their Social Security benefits.

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The next stimulus check might be $5,000, but there’s a huge catch originally appeared on BGR.com on Tue, 12 May 2020 at 12:34:21 EDT. Please see our terms for use of feeds.