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

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



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

Sarah Tew / CNET

After months and months of White House and Congressional negotiators talk past each other, continue discussions a new law on economic emergency aid rose sharply this week, with President Donald Trump calling for new $ 600 stimulus checks, Senate Leader Mitch McConnell said he will drop his liability protection requirement and Republicans and Democrats who are both urging Congress to send a direct payment this year.

There are still many hurdles for Congress to send a second direct payment in 2020, and there is no guarantee that the House and Senate will approve a new check. But if Congress agrees to send a second payment this year, does that mean there could be a third stimulus check in 2021?

The negotiations in front of legislation on emergency economic aid to help the country the corona pandemic have shifted between approving one second incentive payment in front of eligible people this year and wait until 2021, hoping that immediate help will then return to the conversation The inauguration of President-elect Joe Biden on January 20.

This week, the Trump administration proposed Send $ 600 checks to eligible adults and children, following a handful of members of Congress urging negotiators to agree on a new scrutiny this year.

If Congress sends a second check this year, Biden and the top Democrats in Congress are all committed to reviewing a broader COVID-19 aid package in 2021, which could lead to more stimulus aid, with a third payment possible in the new year.

What would an incentive check from the latter take into account?

To the authors of the new $ 908 billion bipartisan proposal which this month is largely driving aid discussions, a second check may just cost too much. 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.

By including an additional $ 280 billion in this iteration of the bill, the bill would be more than $ 1 trillion, which is higher than the Republican lawmakers were willing to go. To their chances passing crucial relief through both the Democratic-led House of Representatives and the Republican-led Senate before January 1, a compromise for a stimulus check would very well amount to scaling back some provisions.

And without a package of any kind by the time the last federal aid ends December 31, critical protections that feed tens of millions of Americans and housed weeks can pass.


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How could a second stimulus check turn it into a new emergency?

The number of legislators supporting a second check is growing. And the Trump administration is asking for checks for $ 600. 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.

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 who need it,” he told NBC News on Dec. 3. “It’s fast – it’s just as fast as anything else.”

“I will happily work with AOC and anyone who wants to help working families. Families and working people in need should be the FIRST consideration in COVID assistance, not the last,” Hawley tweeted Dec. 4, referring to the New York Democrat. Rep. Alexandria Ocasio-Cortez.

Rep. Alexandria Ocasio-Cortez objected to the lack of an incentive check for ordinary Americans. “COVID emergency response should directly help ordinary people. People need incentive controls and user interface,” she tweeted Friday, 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, told CNN on Nov. “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.

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Another stimulus check is not over yet.

James Martin / CNET

President Donald Trump: On October 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.

So how can we get a third check in 2021?

It’s too early to say what will happen, but if Congress approves a second check in the few weeks remaining in 2020, Biden and his economic team have said they are drafting a plan to support an economy that may not fully recovers for years. Biden continued to urge Congress to send another direct payment this year, and may continue to push for it in his own proposal for relief after taking office in January.

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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