قالب وردپرس درنا توس
Home / Tips and Tricks / Democrats win Senate control amid Capitol Hill breakthrough, paving the way for $ 2,000 incentive check

Democrats win Senate control amid Capitol Hill breakthrough, paving the way for $ 2,000 incentive check



102-cash-money-dollars-bills-stimulus-check-congress-pass-mail-banking-finance-desperate-poverty-us-treasury

The fate of a third stimulus check may lie with the leadership of the US Senate.

Sarah Tew / CNET

Democrats will monitor the Senate, NBC News, CBS News and other news outlets reported Wednesday after Georgia’s second election for two Senate seats was declared in favor of the Democrats. The race was announced Wednesday morning for Raphael Warnock and hours later for Jon Ossoff as Washington DC struggled with a crowd violent Trump supporters breaking through the Capitol building and halted the procedural count of the electoral vote taking place in the Senate.

The outcome of the special election in Georgia was disputed on Twitter by President Donald Trump on Tuesday night without proof, even before final votes came in. Shortly after the break on Capitol Hill, Trump tweeted encouragement to his supporters – who are illegally breaking into Capitol Hill offices and building and defacing statues – while we continue to falsely claim the election was faked. His tweets were the first marked and then deleted by Twitter, before Trump’s account was temporarily blocked by the social network and others.

Warnock and Ossoff’s wins are significant against Wednesday’s surprising backdrop, such as President elect Joe Biden will have to grapple with a dangerously divided country still dealing with one deadly pandemic and uncertain economic recovery. Among other things, a Senate closely controlled by Biden’s party could pave the way for congressional approval a third $ 2,000 incentive check, a number in Congress tried and failed to succeed in late 2020. Here’s what you need to know about how the new Congress could contribute to a third incentive check.

2 ways the Senate majority will shape the next incentive check

Like the $ 600 incentive checks are still being sent, Biden is expected to push for a new stimulus bill once he takes office in a few weeks, one with a third stimulus check. Many Republican Senate leaders are increasingly unwilling to consider more direct aid by the end of 2020.

As a Democrat, Biden’s path to approval of economic aid – including a third check – is predicted to go much smoother if Democrats also hold both houses of Congress this year. Democrats have a small majority in the House of Representatives.

After Warnock and Ossoff are sworn in, the Democrats will check the Senate 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 Democratic Senate majority leader (likely the last minority leader of Congress, Chuck Schumer) would have the power to vote on bills, including those favored by Biden and fellow Democrats. Outgoing Senate Majority Leader Mitch McConnell 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, he refused to put a $ 2,000 incentive bill passed in the House to vote in the Senate, quashing the bill’s likelihood of passing before the new Congress took its place.

078-cash-money-dollars-bills-stimulus-check-congressional-pass-mail-banking-finance-desperate-poverty-us-treasury

Will the new Congress approve a new direct payment?

Sarah Tew / CNET

Stimulus controls have strong support and are expensive

In the days leading up to the Jan. 5 second round, the two unsuccessful Republican candidates, Kelly Loeffler and David Perdue, both backed the $ 2,000 incentive 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 vouchers in the first round, but it’s 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.


Now playing:
Look at this:

Second stimulus checks: everything you need to know


3:22

For tens of millions of taxpayers, the majority of the promotional money paid for food, rent and utilities, and debt, of which a quarter is going towards savings, according to a Census Bureau survey this summer. With Biden’s warning, the country faces a “dark winter” – facing a spike in coronavirus cases in the US and an economy that continues to lose 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 risen. “We have a limited amount of resources,” said Republican Senator John Thune on Jan. 1, objecting to the Senate’s approval of a $ 2,000 payment. “This is borrowed money.”

What happens now?

Regardless of the senate’s new democratic leadership, the 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 even more difficult if Republicans support tighter spending in 2021 and beyond, but smaller aid proposals addressing specific needs, such as an increase in the minimum wage or a third stimulus check strongly focused on the most deprived – could find broader bipartisan support.

While we wait for the Biden administration to take over in the coming weeks, here’s when you can expects to receive a second incentive payment, now that it has been approved, and how much you can expect at your next check-up.




Source link