Is the Country Getting a Vacation?— A Second Stimulus Package Appears to Be on Its Way.
UPDATED: Wednesday, June 17, 2020 - 3:42PM
A lot of people are longing for the cool relaxation of hanging out by the beach with friends and basking in the summer sun.
With tourism and travel industries plummeting, wouldn't it be nice to earn a vacation and boost the economy all at once? That’s what appeared to be on President Donald Trump’s mind last month during a roundtable meeting at the White House.
Since the House of Representatives have decided to go through with the Health and Economic Recovery Omnibus Emergency Solution Act, many U.S. citizens have been curious towards whether or not there would be a new stimulus put to action, and how effective it would become.
At first, the House of Representatives suggested that a “one-time check” of $1,200 be given back to the people. However, after April’s poll-- which incorporated around 2,000 Americans, the House realised that 82% of the people involved with the poll were against the idea of “one-time check,” feeling that it could not properly sustain them during this crisis. Some Senators then began pressing for a monthly $2,000 check, while others figured that giving the people a tax break would be the better option.
Throughout the country was another story; the Trump Administration wanted to act fast because it seemed like the $600 extension to unemployment was only nurturing more people to stay home, and ignore their work duties. Nonetheless, Trump brought up that the new stimulus plan should cost at least 2 trillion dollars in order to satisfy the country.
This is when the “Explore America” idea took a seat at White House roundtable. Donald Trump’s idea was to take tax credit and allow citizens to use it for “domestic travel.” With “Explore America,” Americans would be able to use a tax deduction of up to $4,000 towards hotels, theme parks, restaurants, and more throughout the country up until (potentially) the end of 2021.
Not only would this proposal be aimed to raise the level of domestic tourism and boost the economy, it would also be taking care of nearly 50% of the average household’s vacation expenses. Hopefully, this will improve the devastating impact this pandemic has had on travel revenue, as the Travel Association suspects it’s created a dent “seven times the impact of 9/11.”
Sadly, Congress isn’t 100% sure when a vote will be placed on this new stimulus package; however, Senate Majority Leader Mitch McConnell believes that the Senate will wait till the end of July.