On Wednesday, President Trump spoke with FOX Business and he made it clear that he supports another round of economic impact payments to Americans. Trump spoke with Blake Burman at FBN and said that he would be supportive of the measure as a part of another stimulus package as long as it is done properly.
While speaking with Burman, President Trump said, “I support actually larger numbers than the Democrats, but it’s got to be done properly. I want the money getting to people to be larger so they can spend it. I want the money to get there quickly and in a noncomplicated fashion.”
The President mentioned that he would like the next round of stimulus checks to create a “great incentive to work.” This is in reference to the additional federal unemployment funds of $600 a week as part of the CARES Act. Senate Republicans have criticized the measure in the past as a deterrent for unemployed people to go back to work or seek new employment. This additional federal unemployment funding ends in July, but there is speculation that Democrats would like to see that extended past the expiration.
The President and his administration are backing what they call a “back-to-work bonus” as an alternative to additional unemployment. This measure would provide incentives for people to reenter the work force.
While no new stimulus bills have been passed at this time, on Tuesday, Senate Majority Leader Mitch McConnell said that a phase four stimulus bill would be approved this month prior to Congress leaving for recess next month.