Like thecontinue to be sent, is expected to push for a new stimulus bill once he takes office in a few weeks, one with a third stimulus check. If the certification of Georgian electoral votes installs the two Democrats in office and the party takes over the senate, Congress may be able to approve another more easily up to $ 2,000, an amount end of 2020. Many Senate Republican leaders are less and less willing to consider more direct aid by the end of 2020.
Before the last Congress was suspended, it approved one, after months of start-and-stop negotiations. The new convention sworn in on Sunday will most likely consider another convention proposed by the Biden government, but the size and scope of that bill may depend on the Senate. Here’s what you need to know about how the new Congress could contribute to a third incentive check.
The majority of the Senate has the upper hand in two ways
As a Democrat, Biden’s path to approval of economic aid – including a third check – could be much smoother if Democrats also hold both houses of Congress this year. In the new Congress sworn in this week, Democrats will have a narrow majority in the House of Representatives.
If Democrats are sworn into both disputed Senate seats, the party will check the chamber with a hair. It would have 50 seats – 48 Democrats and two independents consulting with the party – with Vice President Kamala Harris having the power to cut ties. A democratic majority could make it easier to push for a draw instead of a two-thirds majority.
Perhaps more importantly, a majority leader in the Democratic Senate would have the power to vote on bills, including those favored by Biden and fellow Democrats.
If Republicans won just one seat, the GOP would retain control of the Senate and Biden would begin his term with a divided government. If they won both seats, the Republicans would have a 52-48 majority. In either case, the Senate would again be led by Senate majority leader Mitch McConnell, who opposed raising payments from $ 600 to $ 2,000 in the closing days of the current Congress, as well as a larger stimulus package.
On January 1, McConnell did not put a $ 2,000 bill passed in the House to vote in the Senate, quashing the bill’s likelihood of passing before the new Congress took its place.
Stimulus control is popular, and expensive
In the days leading up to the Jan. 5 second round, the two Republican candidates, Kelly Loeffler and David Purdue, both backed the $ 2,000 stimulus vouchers that Trump backed. While the Senate didn’t vote on the $ 2,000 checks, one thing is known: the incentive checks add up.
The IRS said it spent about $ 270 billion last year to send 160 million stimulus checks in the first round, but it is likely that once catch-up payments are added, the total number will be closer to $ 300 billion. Many economists have argued that now is not the time to keep federal spending in check, as the economy is struggling to get back on its feet. Instead, the federal government should try to send more aid to support the economy.
For tens of millions of taxpayers, the majority of the, a quarter of which is going towards savings, according to a Census Bureau survey this summer. With Biden’s warning, the country is heading for a “dark winter” – facing a spike in coronavirus cases in the US and an economy that continues to cut jobs – a second check would likely yield similar applications.
However, as of this summer, some Republicans in Congress have refused to fund major aid packages as the US deficit has grown. “We have a limited amount of resources,” said Republican Senator John Thune on Jan. 1, protesting the Senate’s approval of a $ 2,000 payment. “This is borrowed money.”
If the Republicans retained the Senate majority, this could happen
A group of Republican and Democratic senators who laid the groundwork for Decemberpoints to a possible path of cooperation between Biden and the next Congress. However, it is just as likely that Senate Republicans would try to keep spending in check if the party retains control of the upper chamber.
Regardless of the winners, the Senate party split will remain so close that Biden will have to deal with a divided Congress anyway. He will most likely do what every president has done and look for areas where the two sides can find common ground. Implementing a new sweeping stimulus package could be more difficult if Republicans support tighter spending in 2021 and beyond, but smaller aid proposals targeting specific needs, such as a minimum wage increase orstrongly focused on the most deprived – could find broader bipartisan support.
To get a head start after the inauguration, Biden was also able to watchsome of his goals, just like President Donald Trump did last summer . But without spending authority (only Congress has that), Biden would be limited in what he could accomplish without the help of Congress – he wouldn’t have access to the money to send a second check.
While we await the final composition of the new Congress and the administration of Biden, here’s when you can , now that it has been approved, and .