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Home / Tips and Tricks / If there is a check for $ 600 in the next incentive bill, will there be a third in 2021?

If there is a check for $ 600 in the next incentive bill, will there be a third in 2021?



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

Sarah Tew / CNET

It was a turbulent week for stimulus negotiations, with proposals and counter-proposals all over the map when it comes to what to do with one second stimulus control. The sturdy support for another direct payment is clearly on both sides of the aisle, with lawmakers, President Donald Trump and President-elect Joe Biden all taking part send more money to the majority of Americans.

But search a layer and that’s when it gets complicated. There is a Bipartisan proposal of $ 908 billion that does not include a check despite the support, an amendment to the same proposal that would yield a payment of $ 1,200, and a counter-proposal from the White House that would yield $ 600 for each qualified adult and child.

“This aid package will not be the total answer, even if passed, but it is an important first step,” Biden said on Friday. “There is so much we need to do.”

At this point, that means there’s a string of potential results for this next bill to bring immediate relief to COVID-19 by the end of the year, and a giant question mark over a second – or even a third? – stimulus control in 2021.

Here’s how the situation could turn out based on what we now know. This article will be updated with new information.

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

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.

If approved, the direct payment would likely 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.


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A bill passes with an instant payment of $ 600

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 about 16 weeks) versus a one-time payment of $ 600 per qualified person per household.

However, anything can happen, meaning it’s possible that another deal could add a smaller stimulus check as a stopgap until Congress examines a smaller or larger check in 2021. However, it would be a long way.

Not an incentive check in 2020, but a second payment 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 is there likely to be a second stimulus check?

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 to fund the vaccine, deliver 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 get the economy back on track, “the open letter said. 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 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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