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Home / Tips and Tricks / Incentive Package: Congress looks at Sunday’s vote with a second check for $ 600, not $ 1,200

Incentive Package: Congress looks at Sunday’s vote with a second check for $ 600, not $ 1,200



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Congress could be very close to a vote on a stimulus package that includes a second stimulus check.

Sarah Tew / CNET

Will Congress vote on one Bipartisan stimulus package of $ 900 billion on Sunday? That’s the best scenario in Washington, as work on the COVID-19 emergency has already pushed past Friday’s mark. On Friday night, the House of Representatives and Senate passed a short-term financing bill that prevents a government shutdown until Sunday night. That could give lawmakers enough time to complete a stimulus package also tied to government funding and a second stimulus control for $ 600.

A joint coronavirus / funding omnibus bill could be put to the vote as early as 1 p.m. ET on Sunday, House Majority Leader Steny Hoyer said Friday, citing the bill requiring at least 18 hours more work.

“I’m still somewhat hopeful that we can wrap this up if Parliament moves quickly and we have to tackle it tomorrow night,” said Senate Majority Whip Senator John Thune, according to Politico reporters. “But I would say that it is also very possible that it starts on Monday.”

Some legislators hope that one second stimulus control for $ 1,200, or that a separate bill would pass the money, was interrupted Friday when two senators attempted to put the stand-alone bill (PDF) to the vote and were rejected.

read more: Would you like a third incentive invoice? America’s next convention could be key

Now that the $ 1,200 stimulus check proposal has broken down, attention remains on one second incentive check of up to $ 600 per adult, with $ 600 per dependent, regardless of age.

The change of a dependent definition to a second stimulus control could potentially expand the payment to an additional 15 million people. That could potentially net an additional $ 600 each for their respective households, according to the Center on Budget and Policy Priorities. However, a $ 600 limit for adults would decrease the overall size of a second stimulus control for tens of millions of families.

When can an incentive bill or package pass?

House vote

Senate vote

President signs

the 20th of December

21st of December

December 22

21st of December

December 22

23 December

December 22

23 December

December 23 (Trump signs the same day)

The $ 900 billion stimulus proposal would also include $ 300 weekly unemployment benefit for 10 or 16 weeks. Many top US leaders view the bill as a coronavirus relief package that is critical expiring federal benefits at a time when the nation is seeing rising infections, hospitalizations and “gruesome” deaths from COVID-19. Federal inactivity is expected to be tens of million of it unemployed Americans with no income and millions of households being evicted.

“Guess what, if we don’t act, a lot of people won’t have a home to go to this holiday season,” said Senator Joe Manchin, who helped draft the bipartisan bill, on Dec. 16. no option.”

A wider package, like the $ 2.2 trillion CARES Act of March, will likely return to the table in early 2021, top U.S. leaders have suggested. It’s too early to say if that sweeping package would do that find a third stimulus check for $ 600 or $ 1,200.

“We’re not leaving here without a COVID package. It’s not going to happen. We’ll stay here until we have a COVID package,” Senate Leader Mitch McConnell said on December 15. “However long it takes, we I’ll be here.”

Why isn’t a second stimulus of $ 1,200 part of the bill checked?

A second stimulus control has had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from President Donald Trump and President elect Joe Biden to members of Congress, economists and ordinary people have advocated a different direct payment.

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A vote can be taken on the new stimulus package soon.

Sarah Tew / CNET

Last week, Trump called for “more money than they are talking about” in stimulus checks, as high as $ 1,200 or $ 2,000 per person. Aides would have convinced him that making such demands would jeopardize a stimulus bill, The Washington Post reported.

While many are in favor of a direct payment of $ 1,200 in theory, a second smaller stimulus check is seen as a way to keep costs below the $ 1 trillion mark that Republican lawmakers have said to support in the past.

Stimulus control isn’t cheap. The IRS said this summer it had spent $ 270 billion sending 160 million checks, and on Monday Senator Mitt Romney, a Republican involved in drafting the bipartisan stimulus proposal, predicted a cost of $ 300 billion if the checks once were charged again for $ 1,200 per person. Republicans have reportedly curbed the charges.

A variety of factors could have contributed to a second stimulus check that ended up in the final bill at all, from the popular opinion and presidential bias to that complicated two-pronged rejiggering mentioned above that freed up $ 160 billion, enough for a smaller stimulus check than before .


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Where did the $ 900 billion stimulus package come from?

The $ 900 billion stimulus proposal is the latest variant of a $ 908 billion proposal from Dec. 1 that was split into two parts by Monday. The first is a $ 748 billion core bill, which includes unemployment finance and other measures. The second is a $ 160 billion bill that removes the two most controversial issues that could capsize an agreement: money for state, local and tribal funding on the one hand; and a liability shield to protect companies from coronavirus litigation.

Neither lob of the two-part stimulus deal contained one second stimulus control, but now that the thorniest issues have been cleared up, the main Democratic and Republican negotiators are seizing the monetary wiggle room to finance the popular stimulus check at a discounted rate.

How fast can support for stimulus packages go out?

First, the incentive law would have to be approved by the House of Representatives and the Senate. Now if both chambers work together on a deal, chances are it will. Next, Trump would have to sign the bailout bill. After that, aid would likely start to go out within weeks, with certain groups potentially getting financial aid before the end of 2020.

If an invoice is accepted that includes a direct payment, here follows how soon we think the IRS can send a second stimulus check.

Will there be a new incentive law in 2021?

Biden, McConnell and others have repeatedly described this December legislation as emergency relief rather than a comprehensive economic stimulus package, and have committed to a new stimulus law in 2021.

“It’s a down payment,” Biden said on December 16. “A major down payment for what is due in late January and early February. But it’s really important to get it done.”

Here’s everything we now know about the chances of a third stimulus check in 2021.

For more information on stimulus controls, here how quickly you now get your second stimulus check, what to do to speed up the delivery of a possible second checkand what you need to know about the HEALS, CARES and Heroes proposals for incentive laws that can help inform a final package.




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