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Second $ 2,000 stimulus check: House to vote Monday before government closes



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American’s stimulus package is in trouble again. Here is the situation with a second stimulus check.

CNET

The House of Representatives will vote on a stand-alone bill to introduce a second stimulus control for up to $ 2,000 each. If successful, a $ 2000 stimulus check would increase the $ 600 payment authorized in the $ 900 billion incentive bill earlier this week overwhelmingly passed by Republican and Democratic lawmakers.

There’s just one problem: it’s not expected to pass the Senate and the fate of one second stimulus control – and the full $ 2.3 trillion bill to jointly fund COVID-19 emergency relief and government operations by 2021 – is again teetering on the brink.

Dec. 28 is the same day the federal government faces another shutdown unless another emergency bill is passed by Congress to keep the lights on.

The trouble started Tuesday when President Donald Trump released the second stimulus check’s $ 600 per person upper limit as “ridiculously lowand asked Congress for instead, change the bill to an upper limit of $ 2,000, indicating that he would not sign the stimulus bill into law without Congress meeting his condition.

Trump did not say outright that he would veto or refuse to sign the bill. But if he doesn’t approve on Saturday, criticism federal unemployment benefits will expire, leaving millions of people without a financial lifeline. The the federal deportation ban ends on December 31, and other programs that provide support will evaporate to Americans on the brink.

The nearly 5,600-page joint stimulus finance bill has flown to Trump at his Mar-a-Lago club in Palm Beach, Florida, where he is expected to stay until at least January 1. Trump could sign the bill there. The COVID-19 funding provided by the second stimulus control and the portion to finance the government was adopted as a unit and cannot be separated.

Without the president’s signature, the bill would be classified as an automatic veto. With the timing so close to the end of the current parliamentary term (the new seat will be sworn in on Jan. 3), the House and Senate may have too little time to override the veto, effectively forcing the new Congress to start over.

“I think a lot of people both within the White House and the Republican Party on Capitol Hill, as well as the Democrats, are hoping that he will calm down and just sign the bill very gently and say nothing about it,” Politico says. Chief Economic Correspondent, Ben White, told CNBC.

A Republican leader in the Senate, Roy Blunt, agrees. “The best way to get out of this is for the president to sign the bill and I still hope he decides,” Blunt said Thursday, according to The Hill.

Monday marks House Speaker Nancy Pelosi’s second attempt at the second stimulus check ceiling of $ 600 to $ 2,000 per person, following a method known as unanimous consent, was blocked by House Republicans on Thursday. House Democrats also rejected a Republican request for unanimous consent during the same short session, allowing both sides to regroup.

“If the president is serious about $ 2,000 direct payments, he should call on House Republicans to end their obstruction,” Pelosi said in a statement. Monday, I will return the House to the session where we will have a registered vote on our standalone law to increase payments for the economic impact to $ 2,000 … Hopefully by then the president will have the bipartisan and bicameral legislation to keep the government open and help with the coronavirus. “

On Dec. 28, the House is also expected to try to override Trump’s veto of a $ 740 billion defense bill also passed in the Senate and tackle a new round of short-term funding to prevent a costly government shutdown. to prevent.

As we monitor the situation closely, read on to learn more about the amount of the $ 2000 stimulus check (the figure was pushed forward by a number of Democrats in mid-2020), the scenarios that could happen next, and what we know about a third stimulus check for 2021. This story is often updated with new information.


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Second stimulus checks: everything you need to know


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That $ 2,000 in stimulus checks isn’t new

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.

What if Congress doesn’t change the stimulus law?

There is a lot of dialogue about this right now, but here are some simplified options:

  • Trump could sign the $ 900 billion anyway. The Incentive Act and the Financing Act for 2021 are linked.
  • Trump could live up to his threat by actively vetoing the stimulus package.
  • He could passively refuse to sign it (aka a pocket veto). If Congress doesn’t deliver the full bill to Trump at the end of the day, they are not expected to have enough time to override the veto. This requires a two-thirds majority in both the Senate and the House of Representatives, a margin that both houses have already cleared but may not have time to vote on.
  • If the bill fails, the new parliamentary term, which begins January 3, must start over.

Biden wants another incentive bill and a third incentive check

Most American leaders seem like the $ 900 billion incentive bill as a stepping stone to a larger aid package in 2021, one that can 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 – we are in,” President-elect Joe Biden said Tuesday, emphasizing that he would like to see a third stimulus check.

If the $ 900 billion stimulus bill becomes law, how soon could the benefits materialize?

Aid was likely to start going out within a week or two after the law is officially passed, with certain funding programs potentially getting financial aid before the end of 2020. On Monday, Treasury Secretary Steven Mnuchin set the goal of sending payments through next week direct deposit to people who qualify for one second stimulus control to receive their payment intended to bring direct cash flow to tens of millions of Americans. And the $ 300 unemployment checks will begin again on December 26.

Delays in signing the bill can cause the timeline to shift as agencies need time to set up their processes and communicate with recipients about what to do or expect.

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 can 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 was a second stimulus of $ 1,200 or $ 2,000 not part of the deal?

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.

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. At the time, Aides would have convinced him that making such demands would jeopardize a stimulus law, The Washington Post reported.

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 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 are said to have curbed the charges.

A variety of factors could have contributed to a second stimulus check making its way into the final bill at all, from popular opinion and presidential bias to complicated negotiations that cut $ 160 billion from elsewhere, enough for a smaller stimulus check than before.

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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