Number of the Day Shows Trump Wants More Stimulus Money
That’s how much more President Donald Trump wants Americans to get in their stimulus checks, compared to what Congress approved in the latest COVID-19 rescue package.
The latest rescue bill, which was passed by Congress on Monday, will give eligible people a one-time stimulus check worth up to $600. However, in a video on Twitter Tuesday night, President Trump said that the amount was “ridiculously low,” and that he wants Congress to increase stimulus checks to $2,000—a difference of $1,400. Married couples who file their taxes jointly would receive up to $4,000 in stimulus if Trump’s ask is met.
If President Trump vetoes the current stimulus bill, Congress could override his veto with a two-thirds majority vote in both the House and the Senate. That would maintain stimulus checks at $600.
For the average American household, $600 won’t cover basic monthly expenses like mortgage payments or food. The median monthly mortgage payment dropped to $1,094 in November, the lowest of the year, according to a recent data analysis by real estate brokerage Redfin. But a $600 check wouldn’t cover that. It also wouldn’t be enough for one month of food for the average household, according to 2019 data from the Bureau of Labor Statistics. A $2,000 check, on the other hand, could pay for almost two mortgage payments or about three months’ worth of food.