Notice: Markets are extremely volatile and volume is very high. Thank you for your patience with shipping delays.

Free Shipping!


Trump Wants To Give Larger Relief Payments To Americans Than Democrats

Trump Payments

EDITOR NOTE: Many Americans are hoping that the Democrats’ HEROES Act will pass through Capitol Hill. If it does, we’re looking at up to $6,000 per household and an extended $600 per week to the unemployed. President Trump, however, would like to provide even “larger” payments. But his support might also come with an incentive to work. As this potential “second round” of stimulus remains locked in partisan debate--with a second round of coronavirus emerging in the backdrop--Americans are looking forward to specifics on President Trump’s next round of stimulus.

President Donald Trump said Wednesday that he supports another round of direct payments to Americans – and claimed he wants to give out more money than Democrats have already proposed.

“I do, I support it, but it has to be done properly,” Trump said when asked during a Fox Business Network interview at the White House whether he was in favor of sending another round of stimulus checks to blunt the impact of the coronavirus pandemic.

“I support actually larger numbers than the Democrats,” Trump added.

The president did not, however, seem keen on continuing enhanced unemployment benefits.

Trump said last month that the U.S. will be doing a “very generous” additional stimulus package.

But it’s unclear at this point what form another round of relief will look like, as Capitol Hill remains locked in debate over what should be included in a so-called Phase 4 stimulus package.

House Democrats in May passed their vision for additional relief, dubbed the HEROES Act. The bill includes a second round of $1,200 direct payments to individuals, allowing for up to $6,000 per household, and would extend the $600 per week federal unemployment insurance benefit through January. That level of unemployment insurance is currently set to expire at the end of this month.

“We had something where they wanted where it gave you a disincentive to work last time,” Trump said in the Fox Business interview. “We want to create a very great incentive to work.”

“So we’re working on that, and I’m sure it’ll all come together.”

When asked to clarify if he wanted larger direct payments or larger unemployment benefits, Trump replied: “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.”

Senate Democrats, led by Minority Leader Chuck Schumer of New York and Finance Committee ranking member Ron Wyden of Oregon, outlined a plan Wednesday to keep up the enhanced unemployment benefits until a state’s unemployment rate falls. Republicans opposed extending the hiked-up unemployment insurance, arguing it deters employees from returning to work.

“They wanted to make it too complicated,” Trump said, apparently referring to Democrats.

“Also it was an incentive not to go to work. You’d make more money if you don’t go to work. That’s not what the country’s all about,” Trump said. “We want to create a tremendous incentive for people to want to go back to work.”

Originally posted on CNBC



  • This field is for validation purposes and should be left unchanged.

All articles are provided as a third party analysis and do not necessarily reflect the explicit views of GSI Exchange and should not be construed as financial advice.

Precious Metals Data, Currency Data , Precious Metals Automated Product Pricing Powered by nFusion Solutions