قالب وردپرس درنا توس
Home / Tips and Tricks / How a second incentive check could still be done in 2020 with the new incentive law

How a second incentive check could still be done in 2020 with the new incentive law


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

Sarah Tew / CNET

Monday has a group of Republican and Democratic senators worked for weeks on a two-pronged stimulus package that both sides could accept officially revealed their plan. Although it was first introduced as a “framework”, it is now written as full-fledged legislation (here’s what’s inside) that can be voted on tomorrow. However, the senators also left quite a bit of wiggle room to entice their fellow lawmakers into reaching a deal.

“We beg our leaders on both sides, take this work, build it into whatever package is being voted on this week. Let’s make sure we make it to the finish line,” Senator Mark Warner, a Virginia Democrat, said Monday. .

The invitation can be read in a number of ways. Interestingly, the ‘bill’ is split into two parts, a $ 748 billion proposal that includes elements both parties seem to agree and a $ 160 billion bill with the two main programs that have fiercely resisted. Neither package contains one second stimulus control.

However, a fresh wave of support of $ 1,200 per person or $ 600 per person, respectively, could also indicate that if enough lawmakers insist, the $ 748 billion kernel, with the right backing, could be expanded by a second direct payment for a specified amount.

Failing that, another incentive for qualified adults and their families may be needed wait until 2021despite growing support for sending more money now the latest federal coronavirus protections are ending this month. Here’s how another direct payment could pass this year and how a third might follow next year, depending on what happens in the near future. We recently updated this story.

$ 1,200 incentive check will be approved in 2020, paid in 2021

There are several ways in which stimulus control can take place. Here’s the first.

In what has been called an unlikely duo, Republican Senator Josh Hawley and Senator Bernie 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. The $ 908 billion plandrafted by a group of Democratic and Republican senators, does not include a stimulus check that would drop the price well above $ 1 trillion, a cut-off point for some Republicans.

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 amount 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 $ 300 federal weekly unemployment benefit that’s part of the larger $ 748 billion bill.

If approved – which is a long way at this point – the direct payment is likely to follow many, if not all of the rules set out in the initial check. If it has passed with a week or two left in the month, it is possible that some of the the first people in line were more likely to receive a stimulus check end of the year, with tens of millions of others received in 2021.

Now playing:
Look at this:

Following stimulus checks: what to expect


A bill passes with a direct payment of $ 600 to Americans

Democrats rejected the White House proposal on Dec. 8 of a $ 918 billion bill that would include a $ 600 stimulus 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.

“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 Sunday, seemingly hinting that Democrats can set aside 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. ‘

Not an incentive payment in 2020, but a second check in 2021

If the action continues to unite around the $ 908 billion plan, there will be no new stimulus check in 2020, but the chances of cashing a check for $ 1,200 in 2021 could be higher. While previous proposals suggested $ 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.

See below for key figures that support another check.

Why a second stimulus check has a good chance … 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.


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.

Source link