“One of the first things I want to do when our new senators sit down is hand over the $ 2,000 checks to the American families,” Chuck Schumer, the former Senate minority leader, said Wednesday from the Senate floor. Schumer, a Democrat from New York, also declared himself majority leader in the Senate, pending.
“Their election will end the block in Washington on that $ 2,000 incentive check. That money will immediately go out the door to people in real trouble,” President-elect Joe Biden said Monday as he campaigned in Georgia for Rev. Raphael Warnock, who has been declared the winner of his place against Kelly Loeffler, and Jon Ossoff, who has declared victory over incumbent David Purdue, although the results have not been mentioned.
Would a third stimulus of $ 2,000 each really be possible and when would it arrive? We’ll share what we know leading up to, as the situation develops.
New push behind $ 2,000 stimulus check rests on Senate victory
With Democrats expected to install two senators in Georgia,by a hair, making it easier for Biden to meet his goals, despite what will certainly be resistance from Senate Republicans.
Biden had already made it clear that he supports a third stimulus check, but had hesitated before Monday to say how much he would support after taking office. In his early presidential campaign, he had a, modeled after the first.
“This bill is just the first step, a down payment, to address the crisis – crises, more than one – we find ourselves in,” Biden said on December 22 during the closing days of the negotiations on the. When a reporter asked if a future package would include the third stimulus check and how much money he would be looking for, Biden said, “That’s a negotiation issue … But it will, yes, it will.”
It now appears that the introduction of a cap of $ 2,000 per person in a serious way, and the confidence of a Democratic Senate, has encouraged Biden to push for the larger amount.
A third stimulus check could bring in more money in 3 different ways
A check for $ 600 is, of course, half of the $ 1,200 from 2020, so yes, recipients will get less money per household. But there is more to it. Because the upper limit for a, with an extra , the route , more people are reaching the upper limit of receiving a second payment, which means they will all the way.
A third stimulus check would:
Again, a lot can depend on it, and what the new Biden administration sees as its goals in rebuilding an economy weakened by the .
What else could there be in a new incentive law for 2021?
We already know a few of them, which he shared as part of his presidential campaign trail. Chances are he would prompt Congress to reconsider those agenda items, in addition to several programs dropped in December by both Republicans and Democrats.
They can include measures such as:
- A larger third stimulus check that could reach more people.
- last March.
- It last January 31.
- Student loan deferral or forgiveness for public schools.
- More money for national, local and tribal governments.
- More money for contact tracking, coronavirus testing and distribution.
- Liability protection for companies against lawsuits related to the coronavirus.
For more information, here’s how, and a primer on the .