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Here’s what would be needed for a second stimulus check now by 2021



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Here’s what you need to know about a second stimulus check for 2021.

Sarah Tew / CNET

Tuesday, top US lawmakers continue to debate a bipartisan stimulus package presented by a group of Republican and Democratic senators. The stimulus proposal totals $ 908 billion split into two separate parts – one for $ 748 billion and one for $ 160 billion – neither of which is one second stimulus control. Those are feathers, because some are asking for a new direct payment to Americans.

Congress cannot go home for the Christmas holidays until we pass legislation providing for one $ 1,200 instant incentive payment for working-class adults, $ 2,400 for couples, and a $ 500 payment to their childrenSenator Bernie Sanders said Monday. Here’s what Democrats and Republicans unanimously did through the March CARES Act. This is what we need to do today. “

President Donald Trump has also called for “more money than they are talking about” in stimulus checks.

The situation is complicated. The bipartisan authors of the split stimulus proposal have urged lawmakers to use one or both bills as the basis for passing some type of legislation, or as a standalone plan. Could a new wave of support for a $ 1,200 per person or $ 600 per person incentive check be enough to get another stimulus check attached?

Or would another stimulus check for qualified adults and their dependent persons must wait until 2021? This is what we know now, depending on what happens in the near future. We recently updated this story with new information.

A $ 1,200 stimulus check will be passed in 2020, paid out in 2021

In order for a second stimulus check to take place in 2020, it would either have to be added to a current bill that has been agreed by both parties and passed in the Senate and the House of Representatives, or be passed as a standalone bill.

For a standalone bill to pass, the head of every congressional chamber would have to put it to the vote. If they didn’t, the bill would languish.

So far, there is some energy around a $ 1,200 stimulus check. In what has been called an unlikely duo, Republican Senator Josh Hawley and Sanders, an independent, have teamed up to demand that a $ 1,200 incentive check be included in the proposal at the center of the most recent debate. It can also be presented as a standalone invoice.

However, the chance of this is considered small by Senator John Thune, the number 2 Republican in the Senate.

“I don’t think it will be in the deal, so it would have to be in a separate vote that they would have a chance to vote on that. I’m not sure how that would happen at the moment,” he told The Hill Tuesday. .


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A bill passes with a $ 600 incentive check sent to Americans

Another approach, a brand new bill that already contains a check, has already been rejected by the Democrats. The White House proposal worth $ 918 billion would include a $ 600 incentive check at the expense of renewing the federal contribution to weekly unemployment insurance for unemployed Americans. The simple math is that unemployment pay would yield up to about $ 4,800 for those with no income ($ 300 per week for four months or 16 weeks), versus a one-time payment of $ 600 per qualified person per household.

However, if the bill’s content were to shift and cut out some of the funding, would there be enough left over to pay an emergency stop in addition to the weekly $ 300 federal unemployment checks? And if that happens, can a third check take place in 2021? We don’t know, but it’s definitely worth thinking about.

Why was an incentive check not part of the $ 908 billion bipartisan package?

The most likely answer is cost. As of this summer, the IRS said it had sent 160 million stimulus payments totaling $ 270 billion, or about 30% of the total bipartisan proposal. As of September, the IRS was still chasing at least 9 million people who still owed that first payment, driving the total cost even higher.

However, by splitting the $ 908 billion emergency aid into two parts, it is possible that lawmakers could strike a deal that would now require a smaller amount of stimulus check money, without the need for the $ 300 federal weekly unemployment benefit that’s part of the larger $ 748 billion bill.

An incentive payment in 2021, instead of 2020?

If the action continues to unite around the $ 908 billion two-part plan as it is, there will be no new stimulus check in 2020, but the chances could be higher of cashing a check for $ 1,200 by 2021. While previous proposals are $ 2,000 per qualified adult until the pandemic is over (that idea was backed by Vice President Kamala Harris and Sanders), $ 1,200 appears to be a precedent that both sides will accept.

“We have to get the essentials done and we will have time to get things done that we didn’t include because we couldn’t get a political agreement, we have time to do that,” said House Majority Leader Steny Hoyer. on Dec. 13, suggesting that Democrats can set aside the funding they want to pass a bill at short notice. “We have a new president, we have a new congress. We won’t leave anyone behind. ‘

See below for key figures that support another check.

Why a second stimulus check has a good chance of succeeding … at some point

The number of legislators supporting a second check is growing. Here is a partial list of people and groups in and around the government who have been strong for a new check.

President elect Joe Biden“I think it would be better if they have the $ 1,200 and I understand that may still be in the game,” Biden said on December 4, adding that he backs the $ 908 billion proposal as a necessary compromise short-term. “You have to find the right place where enough people are willing to go in a direction that will take us a long way.”

Sen. Bernie Sanders: The Vermont Democrat and the former presidential hopeful said he will not back the $ 908 billion bill without major changes, including stimulus controls. He also wants to rule out language about restricting lawsuits related to COVID-19, which is something Republicans want. “In my opinion, we need to make sure that every American working class receives at least $ 1,200 in direct payments,” said Sanders. Sanders said on Thursday that he was working with Hawley on a change for a check for $ 1,200.

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Another stimulus check is not over yet.

James Martin / CNET

Senator Josh HawleyThe Missouri Republican appears to be a lone voice in his party, advocating both for another outright payment and his willingness to reach down the aisle and work with Democrats. “I don’t know why we wouldn’t provide direct assistance to families and individuals in need,” he told NBC News on Dec. 3. “It’s fast – it’s just as fast as anything else.”

On Thursday, Hawley worked with Sanders on a new stimulus check and said he would introduce legislation for one more direct payment. “If Congress doesn’t pass emergency direct payments legislation next week, I will go to the Senate to demand a vote on my legislation,” he said in a statement.

Rep. Alexandria Ocasio-Cortez objected to the lack of an incentive check for ordinary Americans. “COVID emergency response needs to directly help ordinary people. People need incentive checks and user interface,” she tweeted Dec. 4, referring to a larger weekly check for unemployment insurance.

Representative Roy Blunt“We need to continue funding the vaccine, the delivery of the vaccine,” Blunt, a Missouri Republican, said on Nov. 29 on CNN. “It would be helpful to send money to struggling families and increase unemployment somewhat.”

Sen. Joe Manchin, Representative Rashida Tlaib: The Democrats also expressed support for immediate aid. Manchin helped draft the $ 908 billion stimulus bill as a way to keep programs from expiring without a safety net, he said.

127 economists: A large group of bipartisan economists, including former President Barack Obama’s top economic adviser, called on Congress on Nov. 23 to quickly pass a stimulus bill, specifically a bill that includes a check for Americans.

“We urge policymakers to use all the tools at their disposal to revitalize the economy, including direct cash payments, which are one of the fastest, most equitable and effective ways to help families and getting the economy back on track, “said the open letter. said.

President Donald Trump: On Oct. 6, Trump openly called on Democrats to reach an agreement hours later on a stimulus deal end negotiations on the same day, while treated for COVID-19 right away medicine known to have strong side effects. “When I get a Stand Alone Bill for Stimulus Checks ($ 1,200), they’ll go to our amazing people IMMEDIATELY. I’m ready to sign now,” he tweeted. This week, Treasury Secretary Steven Mnuchin sent a new proposal that reportedly includes $ 600 incentive checks to Democratic leaders.

Heroes Act, versions 1 and 2, written by the Democrats: Both versions of the bill that was passed by the House of Representatives on May 15 and October 1 contain a second incentive check of a maximum $ 1,200 per eligible adult.

Republican HEALS Act: Introduced to the Senate by Republican authors on July 27 Billion dollar proposal includes an instant payment of up to $ 1,200, as is the March CARES Act and the Heroes Act.

For more information on stimulus controls, here’s how you might get more money on your next check, or a smaller payment next time. Here is that may not qualify. And this is an introduction to the five different priority groups and when you would realistically be able to get another check if and when it passed, based on important dates.




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