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The CARES Act, the economic stimulus bill passed in response to the coronavirus outbreak in March 2020, provided $2 trillion for small businesses, individual citizens, hospitals, health care providers and other negatively impacted industries. However, a new stimulus check, predicted to be announced in late July, may not offer nearly as much coverage.Senate Majority Leader Mitch McConnell has said that any additional stimulus check should be aimed at Americans whose income is $40,000 or less. This is a substantial reduction from that of the original CARES Act, which provided stimulus payments f…
