A surprising turn of events in the US. It turns out that the U.S. House of Representatives in Congress passed a bill yesterday that increases coronavirus support for the nation's citizens from $600 to $2,000. It is expected that the Senate will vote on it perhaps even later today. $2,000 for everyone and basta! The bill was passed by a vote of 275 to 134. Earlier, President Donald Trump had already signed a bill that made every American (except the wealthiest citizens) get $600. Previously, Trump himself said that this amount was too low and it needed to be raised to $2,000, as the Democrats wanted. Republicans remain skeptical of such a policy. They think it is an idea to dangerously further indebt the country. Interestingly, it is the Republican Party that has long supported Trump, so the outgoing president's volition is very surprising. - Any vote by Republicans against this bill is a vote that ignores the financial hardship families face and denies Americans the help they need, House of Representatives Speaker Nancy Pelosi said before the vote, as quoted by CNN. Fight over scale of aid program House of Representatives Republicans had already prevented Democrats from issuing $2,000 checks. Eventually, the two leading parties reached an agreement, but as you can see, the Democratic Party is still fighting to increase the value of the checks. "When Trump signed the bill Sunday night, he signaled that he did so only after assuring the Senate that he was willing to consider increasing direct support from $600 to $2,000. Senate Republican Majority Leader Mitch McConnell, however, did not address the issue on Sunday. At the same time, he praised the president for signing the bill," - banker.pl reports. But who will get the check? Anyone who earns individually less than $75,000 a year or as a couple $150,000 will receive the full amount. It decreases by $5 for every 100 earned by a person with income over 75,000. Individuals who earn more than $99,000 receive no such support in practice. Recall that in the spring, every American (again, except the wealthiest) received $1,200 in a check and $500 for each child. Now the support was supposed to be lower, but Joe Biden's success in the presidential election may strengthen the Democratic Party, which in turn is likely to increase such spending. Tags economics Trump USD
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