Number of the Day Shows Trump Wants More Stimulus Money

$1,400 - That’s how much more President Trump wants Americans to get in their stimulus checks, compared to what Congress approved in the latest COVID-19 rescue package.

The Balance

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.