INDIANAPOLIS (WISH) — You could soon see more money in your bank account. That’s if a massive new coronavirus stimulus package is approved.
A new coronavirus relief package that has been laid out by House Democrats would be the largest in history, totaling $3 trillion. It’s called the HEROES Act and if it passes it could be a big help for central Indiana.
Congressman André Carson says he’s optimistic about the HEROES Act.
“It’s a very strong bill that gives substantial help to the folks who need it most. And it provides greater security for all,” said Carson during a conference call with reporters from the Midwest on Wednesday. “The Heroes Act puts workers and families first.”
If passed, Americans would get a second round of stimulus checks of $1,200 per family member, up to $6,000 per household.
But Senate Republican leaders in Washington say the proposal is already dead on arrival.
Republican U.S. Sen. Mike Braun wants to pump the breaks on the idea.
“We need to focus on what is going to work from here forward and keep it in the context that we just did $3Trillion worth. I think we need to pause a bit.” said Braun.
Ball State University economist Michael Hicks says the need among Hoosiers is real. He says 1 in 5 Hoosiers have lost their jobs because of the coronavirus pandemic.
“I think it’s very needed. The unemployment rate in the nation is now higher than it’s been at any time since the great depression, and it’s going to go up 5%, 6%, 7%, 8% next month. So, we’re in a very grim circumstance where significant spending is needed.” Hicks said.
Erin Edds was thrown out of work because of the coronavirus pandemic.
“You worry about making car payments. You worry about making your cell phone payment.” Edds previously told News 8.
The House expects to meet Friday morning to vote on the proposal.
The proposal also includes a $200 billion fund which would give hazard pay to essential workers who have stayed on the job during the pandemic.