But immediately after signing the bill, Trump began urging Congress on Sunday night to approve the larger $ 2,000 checks this week. “As president, I have told Congress that I want a lot less wasteful spending and more money is going to the American people in the form of $ 2,000 checks per adult and $ 600 per child.”
Trump’s change of mind about approving the $ 600 amount came at the end of a weekend in which U.S. leaders, from President-elect Joe Biden to Senators Pat Toomey and Bernie Sanders, criticized Trump’s delay in signing it. bill.
“The compromise law isn’t perfect, but it will do a tremendous amount of good for the struggling Kentuckians and Americans across the country who now need help,” Senate Leader Mitch McConnell tweeted minutes after Trump signed the law.
However, the possibility for a $ 2000 check still hangs by a thread. The House is in session Monday and intends to vote on the larger amount before the bill is sent to the Senate, which will be in session on Tuesday.
Biden called the incentive portion of the joint package a “ first step and down payment, ” predicting a higher bill after he— including .
House will vote on a second $ 2,000 stimulus check on Monday
The House of Representatives intends to vote on a bill on Monday (PDF) to amend theTrump is asking for up to $ 2,000 each . It is not clear whether the legislation will be voted on in the Senate. It all depends on whether Trump will continue to hold sway with Senate Republicans in his last weeks before that , or that a check for $ 2,000 – which could significantly increase the size of the COVID-19 emergency allocation – will split the lot.
“If the president is serious about $ 2,000 direct payments, he must call on House Republicans to end their obstruction,” Pelosi said on Dec. 24. Monday, I will return the House to the session where we will have a recorded vote on our stand-alone law to increase payments for economic impact to $ 2,000 … Hopefully the president has already got itto keep the government open and help with the coronavirus. “
Democrats advocate all summer and fall for a bigger oneas part of a wider aid package. Trump distanced himself from the negotiations and his administration’s negotiator, Treasury Secretary Steven Mnuchin, offered the $ 600 ceiling for the totals.
Republican and Democratic lawmakers approved the two-in-one omnibus package on Dec. 21 by overwhelming margins, after months of frustrating on-and-off negotiations.
As we monitor the situation closely, read on to learn more about the amount of the $ 2,000 stimulus check (the figure was pushed forward by a number of Democrats in mid-2020), the scenarios that could arise, and what we know about a. This story is often updated with new information.
Trump’s $ 2,000 stimulus check figure is entering familiar territory
Since the spring, several Democrats have proposed a $ 2,000 incentive check, including Vice President Senator Kamala Harris, sens. Bernie Sanders and Ed Markey and a one-time presidential hopeful (and now hopeful New York mayor) Andrew Yang. Some supporters of this figure have even suggested sending checks on a monthly rather than one-time basis.
Biden already supports a third stimulus check
Many American leaders appear to be theas a precursor to a larger aid package in 2021, one that might be and other provisions that Republicans and Democrats agreed to omit this round to strike a critical deal.
“This bill is just the first step, a down payment, to address the crisis – crises, more than one – we are in,” Biden said Tuesday, emphasizing that.
How fast can the IRS send your payment?
Aid is likely to start going out in a week or two, with certain funding programs potentially getting financial aid before the end of 2020. On December 21, Treasury Secretary Steven Mnuchin set a target for payments the following weekto people who qualify for one to receive their payment intended to bring direct cash flow to tens of millions of Americans.
Due to the delay in signing the bill, the timeline is likely to shift by a week as agencies need time to set up their processes and communicate with recipients about what to do or expect.
You can. Here’s what . This is what we know , and there are more details on this .
Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?
Ahas had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and to members of Congress, economists and ordinary people have argued for another direct payment.
Trump has previously called for “more money than they are talking about” in stimulus checks as large as $ 1,200 or $ 2,000 per person. Aides would have convinced him at the time that making such demands would jeopardize a stimulus bill, The Washington Post reported, and the White House offer was officially extended to $ 600.
While many are in favor of a direct payment of $ 1,200 in theory, a second smaller stimulus check has helped keep costs below the $ 1 trillion mark that Republican lawmakers said in the past they would support.
Stimulus control isn’t cheap. The IRS said this summer it had spent $ 270 billion sending 160 million checks, and on Dec.15, Senator Mitt Romney, a Republican involved in drafting the bipartisan stimulus proposal, predicted a cost of $ 300 billion if the checks were again included at $ 1,200 per person. Republicans are said to have curbed the charges.
For more information on stimulus controls, here, and what you need to know about the proposals for incentive laws that can help inform a final package.