The House vote came less than 24 hours after President Donald Trump on Sunday, which sends checks up to $ 600 each for .
On Monday, the House passed the CASH Act, which would replace $ 600 with $ 2,000. If approved by the Senate and signed off by Trump, the CASH Act – short for Caring for Americans with Supplemental Help Act – would increase the amount each eligible adult and child would receive for a payment.
In addition to authorizing a, Trump signed on Sunday, renewing programs for both Democrats and Republicans , including , money to help small businesses meet their employees’ payroll, a month-long extension to the end of January of a federal deportation ban, and help to .
Immediately after signing the bill on Sunday, Trump began to pressure Congress to quickly approve the larger $ 2,000 payments. “As president, I have told Congress that I want a lot less wasteful spending and more money to the American people in the form of checks of $ 2,000 per adult and $ 600 per child.”
The possibility of a $ 2,000 check now rests with the Senate, and it’s not clear if or when the Republican-led chamber will vote to approve the larger payment. Senator Majority Leader Mitch McConnell said Tuesday to push the decision out, saying the Senate will “begin a process” to “chart” the president’s priorities.
Senator minority leader Chuck Schumer tried unsuccessfully on Tuesday to get Senate approval for the larger amount. Senator Josh Hawley, who also sought approval this month for $ 1,200 checks, tweeted Tuesday that the larger amount should get the vote in the Senate.
To force a vote, Senator Bernie Sanders on Tuesday threatened to protect the senate, Politico reported.
Biden called the incentive portion of the joint package a ‘first step and down payment’, predicting a higher bill after he— including .
House voted in favor of the second $ 2,000 stimulus check on Monday
Now that the House of Representatives has passed the Cash Act (PDF) to pass the $ 2,000per , it’s up to the Senate to consider. It is not clear whether the legislation will be voted on in the Senate. It all depends on whether Trump will continue to hold sway with Senate Republicans in his last weeks before that , or that a check for $ 2,000 – which could significantly increase the size of the COVID-19 emergency allocation – will split the lot. The larger amount appears to be gaining support from the Republican side, with Senators David Purdue and Kelly Loeffler – who are part of the Georgia election in January – tweeting their support for $ 2,000 checks.
Democrats advocate all summer and fall for a bigger oneas part of a wider aid package. Trump distanced himself from the negotiations, and his administration’s negotiator, Treasury Secretary Steven Mnuchin, offered the $ 600 ceiling for the totals.
Republican and Democratic lawmakers approved the two-in-one omnibus package by overwhelming margins on Dec. 21, after months of frustrating on-and-off negotiations.
As we monitor the situation closely, read on to learn more about the amount of the $ 2000 stimulus check (the figure was put forward by some Democrats in mid-2020), the scenarios that could play out next, and what we know about a. This story is often updated with new information.
Trump’s $ 2,000 stimulus check mark is entering familiar territory
Since the spring, several Democrats have proposed a $ 2,000 incentive check, including Vice President Sen. Kamala Harris, sens. Bernie Sanders and Ed Markey and a one-time presidential hopeful (and now hopeful New York mayor) Andrew Yang. Some supporters of this figure have even suggested sending checks on a monthly rather than one-time basis.
Biden already supports a third stimulus check
Many American leaders appear to be theas a precursor to a larger aid package in 2021, one that might be and other provisions that Republicans and Democrats agreed to omit this round in order to strike a critical deal.
“This bill is just the first step, a down payment, to address the crisis – crises, more than one – we are in,” Biden said Tuesday, emphasizing that.
How fast can the IRS send your payment?
Aid could start to go out in the next week, with certain funding programs potentially receiving financial aid before the end of 2020. On December 21, the Treasury Secretary Steven Mnuchin set the goal of making payments through the following weekto people who qualify for one to receive their payment intended to bring direct cash flow to tens of millions of Americans.
Due to the delay in signing the bill, the timeline can shift as agencies need time to set up their processes and communicate with recipients about what to do or expect.
You can. Here’s what . This is what we know , and there are more details on this .
Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?
Ahas had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and to members of Congress, economists and ordinary people have advocated a different direct payment.
Trump has previously called for “more money than they are talking about” in stimulus checks as large as $ 1,200 or $ 2,000 per person. Aides would have convinced him at the time that making such demands would jeopardize a stimulus bill, The Washington Post reported, and the White House offer was officially extended to $ 600.
While many are in favor of a direct payment of $ 1,200 in theory, a second smaller stimulus check has helped keep costs below the $ 1 trillion mark that Republican lawmakers said in the past they would support.
Stimulus control isn’t cheap. The IRS said this summer it had spent $ 270 billion sending 160 million checks, and on Dec. 15, Senator Mitt Romney, a Republican involved in drafting the bipartisan stimulus proposal, predicted a cost of $ 300 billion if the checks were again included for $ 1,200 per person. Republicans are said to have curbed the charges.
For more information on stimulus controls, here, and what you need to know about the proposals for incentive laws that can help inform a final package.