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Details of the new stimulus package: how much in a second check, when will the bill pass?



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

Sarah Tew / CNET

A second stimulus control, $ 300 federal unemployment benefits and others COVID-19 emergency are not a foregone conclusion. On Thursday night, a bipartisan group of negotiators, including Democrats and Republicans, had not yet done so reinforced a coronavirus stimulus package. One aspect of the $ 900 billion incentive bill which may not be fully formed is a second stimulus control, that tends to be $ 600 for eligible adults and their dependent persons, the Washington Post and others reported.

However, Republican Senator Josh Hawley will be one second stimulus control which comes in at $ 1,200, he tweeted. “Tomorrow I am going to the Senate floor to ask for an up or down vote on my bill to provide a direct payment of $ 1,200 to working Americans, $ 2,400 for couples and $ 500 for children. This is the # covid help that working families need. ”

Hawley, along with Senator Bernie Sanders, an independent, have argued strongly that a second stimulus check for $ 1,200 enter the incentive account. Another direct payment of any kind had been absent from the discussion for weeks.

Hawley’s pleas would have been overdue if Washington negotiators had 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 would seemingly pushed the timeline toward the weekend, giving Hawley and his supporters a chance to express their views on the scope and scope of the immediate payment.

When can an incentive bill or package pass?

House vote

Senate vote

President signs

December 19

the 20th of December

21st of December

21st of December

December 22

23 December

December 22

23

23 (Trump signs the same day)

While the current bill of $ 900 billion comes to half the amount of the CARES Act in March, the $ 600 stimulus money could also extend to dependents of any age, not just children younger than 17 years old. The change, if it happens, could potentially involve up to 15 million new people who would count for an additional $ 600 each per household, according to the Center on Budget and Policy Priorities.

A proposal for coronavirus assistance 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 wider package, like 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 this holiday season,” Manchin said from the Senate floor 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. “It doesn’t 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

Where did this new $ 900 billion stimulus package come from?

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 thorniest issues have been cleared up, the main Democratic and Republican negotiators are seizing the monetary wiggle room to finance the popular stimulus check at a discounted rate.

A smaller one second stimulus control would be one 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.

But why is there a second incentive on the bill?

A second incentive check has received broad 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 advocated a different 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 stimulation controls 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 have reportedly curbed the charges.

What happens next with a 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 is the following: 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 comprehensive 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 is due in late January and early February. But it’s really important to get it done.”

Here’s everything we now 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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