Millions of Americans have lost their jobs to COVID-19, while many of those who are still working have seen their hours -- and income -- reduced. Things got so bad back in March that lawmakers passed the $2 trillion CARES Act, which called for, among other provisions, a one-time $1,200 stimulus payment for eligible U.S. adults plus an additional $500 per child under the age of 17. Many people have already received -- and spent -- their stimulus cash, and with unemployment numbers still at a record high, lawmakers are pushing for a second stimulus package to provide some much-needed relief. Enter the HEROES Act, a $3 trillion bill which calls for an even more robust stimulus than the initial one that went out.
But even if a second stimulus package is approved, Americans may need to gear up for the fact that it will be the last lump sum dose of relief they received throughout the COVID-19 pandemic. In fact, Senate Majority Leader Mitch McConnell has expressly stated that the next stimulus payment Americans collect will be the last one.
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