On Wednesday, top Democrats, including President-elect Joe Biden, have now expressed support for a new $ 908 bipartisan bill. Presented by Republicans and Democrats, the framework includes funding for, payroll for small businesses and more – but . (It’s likely that cutting one this time is seen as a way to keep costs low in the short term and increase the likelihood that some amount of help will go ahead.)
Senate leader Mitch McConnell has already said he will not put the bipartisan bill to the vote and is instead submitting a bill worth about $ 500 billion with funding for businesses and schools; again, without a check. It is unlikely to succeed.
While another direct payment could be left out this cycle in the cold, the outlook for a follow-up package in 2021 remains promising, which is aone more chance.
No new check in 2020 invoice? Support for another direct payment will remain
Top lawmakers and President-elect Joe Biden have repeatedly acknowledged since November that a December 2020 bill will not be enough to get the country through the spring, triggering a larger stimulus package for 2021.
Leading up to this point, bipartisan support forhas been strong, with Republicans, Democrats and Biden all calling for more money to go to families and individuals.
“We need to continue funding the vaccine, the delivery of the vaccine,” Roy Blunt, a Missouri Republican, said on Nov. 29 on CNN. “It would be helpful to send money to struggling families and increase unemployment somewhat.”
The incoming president himself is almost guaranteed to make a renewed stimulus effort in 2021, and is preparing to act on a packed agenda in his first 100 days as president, including.
“At this point, the entire Congress should come together and pass on a robust package for lighting to meet these urgent needs. But every package passed in a lame-duck session is lucky to be at its best. but a start, ”Biden said Tuesday as he chooses his future economic team.
“My transition team is already working on what I will bring forward in the next congress to address the many crises we are facing, particularly our economic and COVID crises,” he said. Biden is expected to put pressure on hisafter the but without Congressional support there is .
However, Biden seems to remain confident that he can bow the ear to Senate Majority Leader Mitch McConnell, who is expected to remain Senate leader and also oppose Biden’s efforts, if the Democrats did not win for disputed Georgia on January 5. Senate seats.
“I think there are trade-offs, that not all trade-offs walk out of principle,” Biden told The New York Times in an interview on December 2. “He knows me. I know him. I’m not asking him to embarrass himself to make a deal.”
For more information on stimulus controls, here’s how you might, or a . Here is . And this is if and when it passed, based on important dates.