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Home / Tips and Tricks / Stimulus Pack: What Happened to a Second $ 1,200 Check, Will It Succeed This Weekend?

Stimulus Pack: What Happened to a Second $ 1,200 Check, Will It Succeed This Weekend?



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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

Hope one Bipartisan stimulus package of $ 900 billion can 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. But one second stimulus control for $ 600 per person, $ 300 in weekly unemployment benefit and other funding is still in the works.

On Friday, the House of Representatives and Senate passed a short-term financing bill that prevents a government shutdown until Sunday. That could give lawmakers enough time to complete a stimulus package also tied to government funding. This coronavirus / funding omnibus law could be put to a vote as early as 1 p.m. ET on Saturday, House Majority Leader Steny Hoyer said, citing that the law would require at least 18 hours more work.

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 to the definition of a dependent, if it happens, could potentially include up to 15 million additional people who would count for an additional $ 600 each per household, 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.

While many would prefer a direct payment of $ 1,200 in theory, a second smaller stimulus control is seen as a way to keep costs below the $ 1 trillion mark that Republican lawmakers have 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 have reportedly curbed the charges.

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)

A proposal for coronavirus assistance before January 1 is considered emergency legislation to establish a safety net for expiring benefits that can leave tens of millions unemployed Americans with no income and millions of households being evicted. 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.

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

Although the clock is ticking, US leaders seem determined to strike a stimulus deal.

“Guess what, if we don’t act, a lot of people won’t have a home to go to this holiday season,” Manchin said from the Senate floor on Wednesday. “Failure is not an option.”

“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 Tuesday. “It doesn’t matter how long it takes, we’ll be there.”

Here’s what we know about where the negotiations are now and what could happen before the end of the year.

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

Sarah Tew / CNET

How did this new $ 900 billion stimulus package come about?

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.


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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.

Why is a second stimulus check important to the bill?

A second incentive check has received broad bipartisan support since the CARES law 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.

Last week, Trump called for “more money than they are talking about” in stimulus checks. White House press secretary Kayleigh McEnany did not say whether Trump would refuse to sign a stimulus package that did not include a second check, but said on Tuesday that Trump “would really like to see those stimulus checks there.”

A variety of factors could have contributed to a second stimulus check making its way into the final bill, from the popular opinion and presidential bias to that complicated two-pronged rejiggering mentioned above. $ 160 billion released, enough for a smaller stimulus control than before.

What happens next with the stimulus package?

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 is the following: how soon we think the IRS can send a second stimulus check.

Will there be another stimulus package 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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