WASHINGTON D.C. — (07-26-20) — As first time Unemployment Claims go up for the first time in three months due to the coronavirus pandemic, White House economic adviser Larry Kudlow told CNN’s Jake Tapper on Sunday that the new draft stimulus bill being unveiled on Monday includes another $1,200 check.
This is similar to the checks authorized under the CARES Act passed back in March by Congress.
After Kudlow and Tapper had a heated exchange about the reality of the U.S economy and the unemployment for 32 million Americans continuing to be a reality, Kudlow says tha the Trump administration want to cut the $600 a week unemployment benefit that is keeping Americans a float during the COVID-19 pandemic.
Watch Jake Tapper Exchange with Larry Kudlow
“I just want to add, Jake, I just want to add we are talking about employment benefits and so forth,” said Kudlow. “Don’t forget there’s a $1,200 check coming that is going to be part of the new package.”
The original stimulus checks under the CARES Act paid up to $1,200 per American with an additional $500 per dependent child. Subject to of course, income limitations.
Kudlow called the bill “a very well rounded package…a very well targeted package,” that he thought would “provide a great safety net until we get a strong recovery,” urging Tapper to “try and be optimistic.”
“People — people need that money as soon as possible,” Tapper responded. “People are worried about being evicted — in days, literally in days.”
Article by: Paul Goldberg, Staff Writer
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