Second Stimulus Checks Back on the Table
Hours after pulling out of negotiations for another economic stimulus bill, President Trump calls for immediate action on a second round of stimulus checks.


Wait, what? President Trump is now calling for immediate action on a second round of stimulus checks? Yes, it's true!
Literally hours after pulling out of negotiations for a comprehensive economic stimulus bill that would have most likely included another round of $1,200 payments to most Americans, the president sent a tweet Tuesday evening asking for legislation authorizing more stimulus checks. (His tweet halting negotiations for a stimulus bill was just days after another tweet supporting such a bill).
"If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY," Trump tweeted late on Tuesday. "I am ready to sign right now." In a separate tweet, the president also called for $25 billion in additional aid for the airline industry and $135 billion of new funding for the Paycheck Protection Program, which he said would be paid for with unused funds from the CARES Act.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
This represents a hard turn towards a piecemeal approach to providing additional economic support. In other words, passing separate bills for particular benefits instead of having one large bill. House Speaker Nancy Pelosi and other Democrats have consistently rejected this approach.
Time is Running Out
If a deal on any additional economic relief is going to be reached before the November 3 election, it must happen soon. The House is already in recess (although they could be brought back for a vote), and Senators will leave Washington next week. The Senate is also focusing on the confirmation process for Amy Coney Barrett, who was nominated by Trump to fill Justice Ruth Bader Ginsburg's seat on the U.S. Supreme Court.
If an agreement can't be reached before the election, a second round of stimulus checks might have a better chance of passing during a post-election lame-duck session of Congress. If that doesn't happen, the new Congress that convenes in January might have better luck. But that would depend largely on the outcome of the elections and who is in control of the White House and Congress next year.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.
-
How Many IRS Commissioners Have We Gone Through This Year?
IRS Who were the former commissioners, and why did they resign? Find out how IRS turnover can impact your taxes.
By Kate Schubel
-
Trump Dials Back Most Tariffs but Targets China
The Kiplinger Letter Wall Street hopes that higher tariffs on most countries are on hold for good. But the trade war between the U.S. and China is heating up.
By Jim Patterson
-
Which Generation Pays the Most Tax in the US?
Tax Burden Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?
By Kelley R. Taylor
-
Tax Day 2025: Don’t Miss These Freebies, Food Deals and Discounts
Tax Day You can score some sweet deals on April 15 in some select restaurants like Burger King, Shake Shack, and more.
By Gabriella Cruz-Martínez
-
Tax Time: Does Your Kid Influencer Owe Taxes?
State Tax Some minors are making big money on social media. Here’s how to know if they need to file taxes.
By Gabriella Cruz-Martínez
-
Trump Plans to Terminate IRS Direct File program
Tax Filing Direct File was piloted last year in 12 states and has since expanded to 25. But some wonder whether the program will last under the Trump administration.
By Gabriella Cruz-Martínez
-
How Caregivers for Adults Can Save on Taxes in 2025
Tax Breaks Caring for your parent or spouse can be stressful, but the IRS offers tax breaks for qualifying taxpayers. Here they are.
By Kate Schubel
-
U.S. Treasury to Eliminate Paper Checks: What It Means for Tax Refunds, Social Security
Treasury President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall.
By Gabriella Cruz-Martínez
-
IRS Layoffs Spark Delays, Doubt This Tax Season
Tax Season Tax experts say Trump’s downsizing of the IRS is already causing problems.
By Gabriella Cruz-Martínez
-
States with the Highest Income Tax Rates for Retirees
State Tax You may reconsider living and retiring in one of these states due to high taxes.
By Kate Schubel