Will a Second Stimulus Check Be Limited to Lower Earners Only?
By late March, when the CARES Act was passed, it was clear that Americans were facing a financial crisis unlike one they'd ever experienced before. In just weeks, unemployment claims skyrocketed as countless small businesses closed their doors to the public, wondering when they'd be able to reopen.
But at one point, things seemed to be looking up. Both May and June saw a drop in unemployment, and as restrictions were eased throughout the country, many businesses were able to start welcoming customers, adding jobs, and collecting revenue.
It was during this time that Democratic lawmakers introduced the HEROES Act, a $3 trillion relief package that called for a second stimulus payment. Under the HEROES Act, anyone who received stimulus cash the first time around would be eligible for an additional lump sum of money.
Source Fool.com
