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Home / Tips and Tricks / Details of new stimulus package: how much is in the second check and when will it pass?

Details of new stimulus package: how much is in the second check and when will it pass?



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A smaller incentive bill has the chance to get through before the end of 2020.

Sarah Tew / CNET

There are two new wrinkles at a second stimulus control and when the final COVID-19 relief law would be passed. In the final sprint one Incentive package of $ 900 billion In order to vote before the end of 2020, Senator Josh Hawley, a Missouri Republican, asked the Senate to vote Friday on a standalone bill that would require a second stimulus control from $ 1,200, with $ 500 per dependent child. At the same time, Congress is facing a midnight deadline to pass a funding bill or the government may close for a short time.

Hawley’s bill, called the Emergency Direct Payments for Families and Workers Act of 2020, reflects the provisions in the CARES Act. It serves as a challenge to the current $ 900 billion bipartisan compromise law that is being discussed and said to be a second incentive check of up to $ 600 per adult, with $ 600 per dependent, regardless of age.

The change in the definition of a dependent, if it happens, could potentially include up to 15 million new people who, according to the Center for budget and policy priorities, would count for an additional $ 600 each per household. However, a limit of $ 600 for adults would be the size of one second stimulus control for tens of millions of families.

A second smaller stimulus control would be a way to keep costs below the $ 1 trillion mark that Republican lawmakers have said in the past they would support. Last week, the White House offered a $ 918 billion plan with $ 600 maximum stimulus checks. That was rejected by Democratic leaders because the proposal was cutting too $ 300 in weekly federal unemployment insurance that would help support job seekers until April.

Hawley’s bill received an objection in the Senate floor from Ron Johnson, a Wisconsin Republican. As a result, Senator Bernie Sanders, an independent who is partnering with Hawley on the initiative, plans to resume the request for a vote on the standalone bill for a $ 1,200 stimulus check Friday afternoon.

The actions of Sanders and Hawleys would have been too late had the Washington negotiators presented the final language of the $ 900 billion stimulus package Thursday evening in preparation for a vote on Friday. But continued talks on both the COVID-19 emergency response and a Friday deadline to renew government funding before a shutdown have seemingly pushed the timeline over the weekend.

The final legislation must be submitted before a vote can be taken in the House of Representatives and the Senate.

When can an incentive bill or package pass?

House vote

Senate vote

President signs

the 20th of December

21st of December

December 22

21st of December

December 22

23 December

December 22

23 December

December 23 (Trump signs the same day)

A coronavirus relief proposal before January 1 is considered emergency legislation to establish a safety net for expiring benefits that can leave tens of millions unemployed Americans with no income and millions of households being evicted. A broader package, such as the $ 2.2 trillion CARES Act of March, will likely return to the table in early 2021, top U.S. leaders have suggested. It’s too early to say if that sweeping package would do that find a third stimulus check for $ 600 or $ 1,200.

read more: Would you like a third incentive invoice? America’s next convention could be key

Although the clock is ticking, US leaders seem determined to strike a stimulus deal.

“Guess what, if we don’t act, a lot of people won’t have a home to go to these holidays,” Manchin said from the Senate on Wednesday. “Failure is not an option.”

“We’re not leaving here without a COVID package. It’s not going to happen. We’ll stay here until we have a COVID package,” Senate Leader Mitch McConnell said Tuesday. “No matter how long it takes, we’ll be there.”

Here’s what we know about where the negotiations are now and what could happen before the end of the year.

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

Sarah Tew / CNET

How did this new $ 900 billion stimulus package come about?

The $ 900 billion stimulus proposal is the latest variant of a $ 908 billion proposal from Dec. 1 that was split into two parts by Monday. The first is a $ 748 billion core bill, which includes unemployment finance and other measures. The second is a $ 160 billion bill that removes the two most controversial issues that could capsize an agreement: money for state, local, and tribal funding on the one hand; and a liability shield to protect companies from coronavirus litigation.


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Neither lob of the two-part stimulus deal contained one second stimulus control, but now that the most thorny issues have been cleared up, the main Democratic and Republican negotiators are seizing the monetary wiggle room to fund the popular discounted stimulus check.

Why is a second stimulus check important to the bill?

A second stimulus check has received widespread bipartisan support since the CARES law was passed. In recent months, everyone from President Donald Trump and President elect Joe Biden to members of Congress, economists and ordinary people have argued for another direct payment.

Last week, Trump called for “more money than they are talking about” in stimulus checks. White House press secretary Kayleigh McEnany did not say whether Trump would refuse to sign a stimulus package that did not include a second check, but said on Tuesday that Trump “would really like to see those stimulus checks there.”

A variety of factors could have contributed to a second stimulus check making its way into the final bill, from the popular opinion and presidential bias to that complicated two-pronged rejiggering mentioned above. $ 160 billion released, enough for a smaller stimulus control than before.

What we do know is that incentive checks aren’t cheap. The IRS said this summer it had spent $ 270 billion sending 160 million checks, and on Monday Senator Mitt Romney, a Republican involved in drafting the bipartisan stimulus proposal, predicted a cost of $ 300 billion if the checks once were charged again for $ 1,200 per person. Republicans are said to have curbed the charges.

What happens next with the stimulus package?

First, the incentive law would have to be approved by the House of Representatives and the Senate. Now, if both chambers work together on a deal, chances are it will. Next, Trump would have to sign the bailout bill. After that, aid would likely start to go out within weeks, with certain groups potentially getting financial aid before the end of 2020.

If an invoice is accepted that includes a direct payment, here follows how soon we think the IRS can send a second stimulus check.

Will there be another stimulus package in 2021?

Biden, McConnell and others have repeatedly described this December legislation as emergency relief rather than a sweeping economic stimulus package, and have committed to a new stimulus law in 2021.

“It’s a down payment,” Biden said on December 16. “A major down payment for what needs to be done in late January and early February. But it’s really important to get it done.”

Here’s everything we know about the chances of a third stimulus check in 2021.

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 checkand 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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