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A second incentive of $ 2,000 now controls fate up to the Senate



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After months of negotiation, the American stimulus package is over, including a second stimulus check. Now the Senate is weighing a larger payment.

Sarah Tew / CNET

Raising the amount of the new stimulus check to $ 2,000 is now in the hands of the Senate. The House voted on Monday to increase the $ 600 stimulus payments in the just-passed COVID relationship law to $ 2,000, moving the debate to the Senate, which began discussions on the larger payment amount on Tuesday without reaching an agreement.

The House vote came less than 24 hours after President Donald Trump on Sunday signed the $ 2.3 trillion bill for a combination of federal budget and COVID emergency response, which sends checks up to $ 600 each for eligible adults and children.

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 second stimulus check for $ 600, the two-party package Trump signed on Sunday, renewing programs for both Democrats and Republicans agree are critical, including $ 300 federal unemployment benefits, 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 corona vaccine.

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 sworn in — including a third stimulus check.

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 $ 2,000 second incentive payment per qualifying adult and dependent, 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 Biden is sworn in as president, 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 one second stimulus control as 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 second stimulus control 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 third stimulus check for 2021. This story is often updated with new information.


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Second stimulus checks: everything you need to know


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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 the $ 900 billion incentive bill as a precursor to a larger aid package in 2021, one that might be include a third stimulus check 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 he would like to see a third stimulus check.

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 week direct deposit to people who qualify for one second stimulus control 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 now calculate the total of your second stimulus check. Here’s what payment group you may be in. This is what we know how soon we think the IRS can send a second stimulus check, and there are more details on this weekly unemployment insurance.

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A vote can be taken on the new stimulus package soon.

Sarah Tew / CNET

Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?

A second stimulus control has had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and Biden 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 how quickly you now get your second stimulus check, what to do to speed up the delivery of a possible second check and what you need to know about the HEALS, CARES and Heroes proposals for incentive laws that can help inform a final package.




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