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Home / Tips and Tricks / Stimulus bill, but Trump and the Democrats still want a second check for $ 2000. Now what?

Stimulus bill, but Trump and the Democrats still want a second check for $ 2000. Now what?



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After months of negotiation, the American stimulus package passed a second stimulus check.

Sarah Tew / CNET

After a week of attacking the $ 600 second incentive check, President Donald Trump signed a bill for $ 2.3 trillion on Sunday night that combines that $ 900 billion in incentive money with government funding – one day before the deadline the government would close. In addition to approving a second stimulus control, COVID-19 bipartisan emergency response will renew the programs of both Democrats and Republicans agree are critical, including $ 300 federal unemployment benefitsmoney to help businesses help employees, a month-long extension of a federal eviction ban, and funding to help distribute corona vaccine.

“The compromise law isn’t perfect, but it will do a tremendous amount of good for the struggling Kentuckians and Americans across the country who now need help,” Senate Leader Mitch McConnell tweeted minutes after Trump signed the law.

It’s not clear why Trump changed his mind after days of the “measly” size of the $ 600 maximum payment, and promoting its agenda to the second stimulus check to $ 2,000 instead. All weekend, American leaders, from President-elect Joe Biden to Sens. Pat Toomey and Bernie Sanders, Trump’s delay in signing the bill. Trump planned to sign the package at 7 p.m. ET on Dec. 24, CNN reported Sunday, before the president reportedly changed his mind.

“I just want to get our great people $ 2000 [sic], instead of the meager $ 600 now in the account. Also stop the billions of dollars in ‘pork,’ Trump tweeted Saturday morning, referring to elements of the government funding portion of the bill that members of his party agreed to reflect Trump’s own budget requests.

Biden refers to the incentive portion of the joint package as a ‘first step and down payment’, predicting a higher bill after he has sworn in — including a third stimulus check.

House will vote on a second $ 2,000 stimulus check on Monday

The House of Representatives will vote on a bill (PDF) on Monday to introduce the second stimulus control Trump is asking for up to $ 2,000 each qualified adult. It is not clear whether the legislation will pass the senate. It all depends on whether Trump will continue to hold sway with Senate Republicans in his last 24 days before Biden is sworn in as president, or that a check for $ 2,000 – which could significantly increase the size of the COVID-19 emergency allocation – will split the lot.

“If the president is serious about $ 2,000 direct payments, he should call on House Republicans to end their obstruction,” Pelosi said on Dec. 24. Monday, I will return the House to the session where we will have a recorded vote on our standalone bill to increase the economic impact payments to $ 2,000 … bipartisan and bicameral legislation to keep the government open and provide help with the coronavirus. “

Democrats have long been calling for a bigger one second stimulus control as part of a larger general 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 on Dec. 21 by overwhelming margins, after months of painful 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 a number of Democrats in mid-2020), the scenarios that could arise, 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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Trump’s $ 2,000 stimulus check mark is entering 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

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,” Biden said Tuesday, emphasizing that he would like to see a third stimulus check.

How fast can the IRS send your payment?

Aid is likely to start running within a week or two after the law is officially passed, with certain funding programs potentially receiving financial aid before the end of 2020. On December 21, the Treasury Secretary Steven Mnuchin set the goal of sending payments via the following 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.

Due to the delay in signing the bill, the timeline is likely to shift by a week 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 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 advocated a different 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 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 reportedly 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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