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Home / Tips and Tricks / It’s over: A second $ 2000 incentive check does not replace the $ 600 payment. What now?

It’s over: A second $ 2000 incentive check does not replace the $ 600 payment. What now?



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The second amount of the stimulus check will remain as it is, with a ceiling of $ 600. But January could be another chance.

Sarah Tew / CNET

With just hours to go before Sunday is finally suspended, the senate met on New Year’s Day to lift President Donald Trump’s veto over the defense financing bill. While the Senate voted overwhelmingly to overturn Trump’s veto, the Senate took no other issue on the agenda before the new Congress takes over on Jan. 3: a vote on whether or not to increase the Payments for a second $ 600 stimulus check that Trump agreed to $ 2,000 on December 27.

Today’s votes at this unusual New Years Day session would be the last of the 116th CongressChuck Schumer, Senate minority leader, said on the Senate floor on Friday. That means today is the last chance to pass and pass the house bill $ 2,000 checks to the American people. “

Others in the Senate also urged the chamber to vote. “I can’t understand for my life why we can’t get a vote,” Republican Senator Josh Hawley said Friday. “We don’t even seem to be having a debate on it. With all due respect, this doesn’t seem like a Republicans versus Democrats issue. This appears to be a Senate versus the United States of America.”

While Schumer and his fellow Senate Democrats pushed for a vote on the bill raise the checks to $ 2,000, Senate Leader Mitch McConnell on Tuesday introduced his own version of the $ 2000 bill that would link the larger payments to a repeal of Section 230 and the creation of an advisory committee that would study “ the integrity and governance ” of the November general election, two areas in which Trump requested the Senate address after signing the law the federal budget of $ 2.3 trillion and the COVID bill Sunday night.

Democrats pushed back, asking McConnell to let the Senate vote on the House bill that only deals with the $ 2,000 amount. “Everyone understands that if you combine all three elements, this is a poison pill designed to kill that legislation,” Senator Bernie Sanders said on the Senate floor on Thursday.

McConnell said he joined the items as a way to address Trump’s top three concerns simultaneously. “The Senate is not going to split up the three issues that President Trump has linked together just because Democrats are afraid to tackle two,” he said Wednesday.

With the Senate lifting Trump’s veto over defense spending on Friday, it looks like McConnell has finalized all the cases he intended to close the Senate before it is suspended on Sunday.

The $ 600 second incentive check is part of the two-party package that renews programs both Democrats and Republicans agree are critical, including $ 300 Weekly Federal Unemployment Benefits, money to help small businesses meet employee payroll, a one-month extension to the end of January of a federal deportation ban and help to the corona vaccine.

President-elect Joe Biden called the stimulus portion of the joint package a “ first step and down payment, ” predicting a higher bill after he sworn in — including a third stimulus check. Here’s how we got here and what could happen next. This story will be updated with the latest information.

House voted in favor of the second $ 2,000 stimulus check

The House of Representatives passed the CASH Act (pdf) to pass the $ 2,000 second incentive payment for every qualifying adult and dependent on December 28 and submitted it to the Senate for consideration. Since January 1, the legislation has not been put to a vote in the Senate. The larger amount has received support from the Republican side, with Sens. David Purdue and Kelly Loeffler – who are both on the ballot Second elections for Georgia in January – tweeted their new support for $ 2,000 checks.

Democrats advocate all summer and fall for a bigger one second stimulus control as 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 second stimulus control totals.

Republican and Democratic lawmakers approved the two-in-one omnibus package by overwhelming margins on Dec. 21, after months of frustrating on-and-off negotiations.


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Trump’s $ 2,000 stimulus check is familiar territory

Since the spring, several Democrats had proposed a $ 2000 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 mayors) 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

Some in Washington see the $ 900 billion incentive bill as a precursor to a larger aid package in 2021, one that might be include a third stimulus check 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 – that we are in,” Biden said Tuesday, emphasizing that he would like to see a third stimulus check.

How fast can the IRS send your payment?

On Tuesday, the IRS said it did started making payments via direct deposit, with paper checks and EIP debit cards Wednesday, December 30 out by post. The IRS said it will continue to pay until mid-January. After that, you can claim any missing payment when you file your tax return in 2021.

If you want to get an idea of ​​how much you can receive, you can now calculate your second stimulus check total. Here’s what payment group you may be in. This is what we know how soon we think the IRS could send a second stimulus check, and there are more details on this weekly unemployment insurance.

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

Sarah Tew / CNET

Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?

A second stimulus control has had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and Biden 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 allegedly 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 $ 1,200 direct payment 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 reportedly curbed the charges.

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 check and 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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