Just give us a vote on theso that we can now get help to those who need it badly, ”Schumer said on the Senate floor on Thursday. We can do it today. At the end of the day, however, it was unclear if and when the Senate would vote on the $ 2,000 bill on Friday or Saturday.
Senate Leader Mitch McConnell on Tuesday introduced his own version of the $ 2000 bill that would link the larger payments to a repeal ofand 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 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 the three issues that have linked President Trump just because the Democrats don’t dare to tackle two,” he said on the Senate floor on Wednesday.
It is up to the Senate whether or not to raise the $ 600 incentive vouchers to $ 2,000. The House agreed on Monday to increase the $ 600 stimulus payments in the new COVID emergency bill to the larger amount. But time is running out, and the Senate also plans to vote to override Trump’s veto on the defense spending bill on Friday or Saturday before it is suspended on Sunday.
The $ 600 stimulus check is part of itthat renews programs both Democrats and Republicans , including , money to help small businesses meet their employees’ payroll, a month-long extension to the end of January of a federal deportation ban, and help to .
President-elect Joe Biden called the stimulus portion of the joint package a “ first step and down payment, ” predicting a higher bill after he— including . Here’s how we got here and what could happen next.
House voted in favor of the second $ 2,000 stimulus check on Monday
The House of Representatives passed the CASH Act (pdf) to pass the $ 2,000for every Monday and sent it to the Senate for consideration. It is not clear when the legislation will be put to a vote in the Senate and whether it can be passed. The larger amount has received support from the Republican side, with sens. David Purdue and Kelly Loeffler – who are both on the ballot for the Georgia election in January – tweet their support for $ 2,000 checks.
Democrats advocate all summer and fall for a bigger oneas 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 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.
As we monitor the situation closely, read on to learn more about the amount of the $ 2,000 stimulus check (the figure was pushed forward by some Democrats in mid-2020), the scenarios that could play out next, and what we know about one. This story is often updated with new information.
Trump’s $ 2,000 stimulus check is familiar territory
Since the spring, several Democrats have proposed a $ 2,000 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 mayor) 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 theas a precursor to a larger aid package in 2021, one that might be 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.
How fast can the IRS send your payment?
On Tuesday, the IRS said it didvia direct deposit, with paper checks and 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. Here’s what . This is what we know , and there are more details on this .
Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?
Ahas had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and 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, and what you need to know about the proposals for incentive laws that can help inform a final package.