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Third $ 2,000 Stimulus Check Update: Pledges increase with larger payout



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President-elect Joe Biden had already set his sights on a third stimulus check.

Sarah Tew / CNET

The IRS may have been suspended at about two-thirds of the time second stimulus controls in front of up to $ 600 each (track your payment here and calculate your total,) but some leaders in Washington have already pledged a third $ 2,000 incentive check. The call for a limit of $ 2000 per eligible adult pick up where President Donald Trump, Congressional Democrats, and a few outspoken Republicans had stopped trying the $ 600 ceiling on the second stimulus check to $ 2,000.

“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 Democrats officially take control of the Senate.

“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 Biden’s inauguration on January 20, as the situation develops.

New push behind $ 2,000 stimulus check rests on Senate victory

With Democrats expected to install two senators in Georgia, control of the senate would shift to the democrats 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 $ 1,200 stimulus check, 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 second stimulus control. 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.


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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 second check is $ 600 per adult, with an extra $ 600 per child depending, the route the IRS formula works, more people are reaching the upper limit of receiving a second payment, which means they will is actually not eligible for incentive money all the way.

A third stimulus check would:

Again, a lot can depend on it who gains control of the Senate, and what the new Biden administration sees as its goals in rebuilding an economy weakened by the corona pandemic.

What else could there be in a new incentive law for 2021?

We already know a few of them Biden’s early economic stimulus targets, 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 $ 900 billion bill by both Republicans and Democrats.

They can include measures such as:

  • A larger third stimulus check that could reach more people.
  • Federal unemployment controls last March.
  • It deportation ban 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 Covid-19 vaccine distribution.
  • Liability protection for companies against lawsuits related to the coronavirus.

For more information, here’s how calculate the payment of your second stimulus check, that may not qualify for a check and a primer on the five different priority groups.


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