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A second stimulus check could still pass in 2020, but only if …



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Here’s what you need to know about a second stimulus check for 2021.

Sarah Tew / CNET

A second stimulus control seems less likely in 2020, but that doesn’t mean it’s no longer possible at all. Actually, the signs for a new audit in early 2021 are strong, even if a bill passed in the next 17 days does not include new direct payment.

The sturdy support for another stimulus check is clearly on both sides of the aisle, with lawmakers, President Donald Trump and President-elect Joe Biden all supporting a blanket bid to send more money to the majority of Americans.

“Right now, I want checks – for more money than they’re talking about – going to people,” Trump said on Sunday. “I’m pushing it really hard.”

Despite the twofold enthusiasm for one more instant payment, one $ 908 billion bipartisan proposal cuts it out, probably as a way to keep costs low enough to overcome Republican backlash against a high bill.

Still, an amendment to the same proposal that two senators pledge to fight for this week would bring in a $ 1,200 payment, and a White House counter-proposal would net $ 600 for each qualified adult and child (but there are costs involved).

The reverse nature of the negotiations in the preceding days the latest federal coronavirus protections are ending puts a giant question mark above a second – or even a third? – stimulus check in 2020 or early 2021. Here’s how another direct payment could pass this year, and how the situation could turn out based on what we know today. This article will be updated with new information.

$ 1,200 incentive check will be approved in 2020, paid in 2021

There are several ways in which stimulus control can take place. Here’s the first.

In what has been called an unlikely duo, Republican Senator Josh Hawley and Senator Bernie Sanders, an independent, have teamed up to demand that a $ 1,200 incentive check be included in the proposal at the center of the most recent debate. The $ 908 billion plandrafted by a group of Democratic and Republican senators, does not include a stimulus check that would drop the price well above $ 1 trillion, a cut-off point for some Republicans.

As of this summer, the IRS said it had sent 160 million stimulus payments totaling $ 270 billion, or about 30% of the total bipartisan proposal. As of September, the IRS was still chasing at least 9 million people who still owed that first payment, driving the total cost even higher.

However, if the next bill drops two of the most contentious issues – Democrats ‘desire to fund state and local governments and Republicans’ desire to protect businesses from coronavirus litigation – then there may be some leeway. is to send. a second stimulus check.

If approved, the direct payment would likely follow many if not all of the rules set out in the initial check. If it has passed with a week or two left in the month, it is possible that some of the The first people in line were more likely to get a stimulus check end of the year, with tens of millions of others received in 2021.


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A bill passes with a direct payment of $ 600 to Americans

Democrats rejected the White House proposal on Dec. 8 of a $ 918 billion bill, including a $ 600 incentive check, at the expense of renewing the federal contribution to weekly unemployment insurance for unemployed Americans. The simple math is that unemployment pay would yield up to about $ 4,800 for those with no income ($ 300 per week for four months, or about 16 weeks) versus a one-time payment of $ 600 per qualified person per household.

However, if the content of the bill were to shift and cut out some of the funding, could there be enough left to pay out an emergency stop in addition to the weekly $ 300 federal unemployment checks? And if that happens, can a third check take place in 2021? We don’t know, but it’s definitely worth thinking about.

“We have to get the essentials done and we will have time to get things done that we didn’t include because we couldn’t get a political agreement, we have time to do that,” said House Majority Leader Steny Hoyer. on Sunday, seemingly hinting that Democrats can set aside the funding they want to pass a bill at short notice. “We have a new president, we have a new congress. We won’t leave anyone behind. ‘

Not an incentive payment in 2020, but a second check in 2021

If the action continues to unite around the $ 908 billion plan as it is, there will be no new stimulus check in 2020, but the chances of cashing a check for $ 1,200 in 2021 would be higher. While previous proposals have suggested $ 2,000 per qualified adult until the pandemic is over (that idea was backed by Vice President Kamala Harris and Sanders), $ 1,200 appears to be a precedent that both sides will accept.

See below for key figures that support another check.

Why a second stimulus check has a good chance … at some point

The number of legislators supporting a second check is growing. Here is a partial list of people and groups in and around the government who have spoken out strongly in favor of a new scrutiny.

President elect Joe Biden“I think it would be better if they have the $ 1,200 and I understand that may still be in play,” said Biden on December 4, adding that he backs the $ 908 billion proposal as a necessary compromise short-term. “You have to find the right place where enough people are willing to go in a direction that will take us a long way.”

Sen. Bernie Sanders: The Vermont Democrat and the former presidential hopeful said he will not back the $ 908 billion bill without major changes to include stimulus controls. He also wants to rule out language about restricting lawsuits related to COVID-19, which is something Republicans want. “In my opinion, we need to make sure that every American working class receives at least $ 1,200 in direct payments,” said Sanders. Sanders said on Thursday that he was working with Hawley on a change for a check for $ 1,200.

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Another stimulus check is not over yet.

James Martin / CNET

Sen. Josh HawleyThe Missouri Republican appears to be a lone voice in his party, advocating both for another outright payment and his willingness to reach down the aisle and work with Democrats. “I don’t know why we should not provide direct assistance to families and individuals in need,” he told NBC News on Dec. 3. “It’s fast – it’s just as fast as anything else.”

On Thursday, Hawley worked with Sanders on a new stimulus check and said he would introduce legislation for another instant payment. “If Congress doesn’t pass emergency direct payments legislation next week, I will go to the Senate to demand a vote on my legislation,” he said in a statement.

Rep. Alexandria Ocasio-Cortez objected to the lack of an incentive check for ordinary Americans. “COVID emergency response should directly help ordinary people. People need incentive controls and user interface,” she tweeted on December 4, referring to a larger weekly check for unemployment insurance.

Representative Roy Blunt“We need to continue funding the vaccine, the delivery of the vaccine,” Blunt, a Missouri Republican, said on Nov. 29 on CNN. “It would be helpful to send money to families who were struggling, and would increase unemployment somewhat.”

Sen. Joe Manchin, Representative Rashida Tlaib: The Democrats also expressed support for immediate aid. Manchin helped draft the $ 908 billion stimulus bill as a way to keep programs from expiring without a safety net, he said.

127 economistsA large group of bipartisan economists, including former President Barack Obama’s top economic adviser, called on Congress on Nov. 23 to quickly pass a stimulus bill, specifically a bill that includes a check for Americans.

“We urge policymakers to use all the tools at their disposal to revitalize the economy, including direct cash payments, which are one of the fastest, most equitable and effective ways to help families and getting the economy back on track, “the open letter said. said.

President Donald Trump: On Oct. 6, Trump openly called on Democrats to reach an agreement hours later on a stimulus deal end negotiations on the same day, while treated for COVID-19 right away medicine known to have strong side effects. “When I get a Stand Alone Bill for Stimulus Checks ($ 1,200), they go to our amazing people IMMEDIATELY. I’m ready to sign now,” he tweeted. This week, Treasury Secretary Steven Mnuchin sent a new proposal that reportedly includes $ 600 incentive checks to Democratic leaders.

Heroes Act, Versions 1 and 2, written by the Democrats: Both versions of the bill passed by the House of Representatives on May 15 and October 1 contain a second incentive check of a maximum $ 1,200 per eligible adult.

Republican-written HEALS Act: Introduced to the Senate by Republican authors on July 27 Billion dollar proposal includes an instant payment of up to $ 1,200, as do the March CARES Act and the Heroes Act.

For more information on stimulus controls, here’s how you might get more money on your next check, or a smaller payment next time. Here is that may not qualify. And this is an introduction to the five different priority groups and when you would realistically be able to get another check if and when it has passed, based on important dates.




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