For weeks now, prominent American politicians have been advocating for one, including Biden, who tweeted on Jan. 10 that “ … We need $ 2000 incentive checks. “
While I am becoming increasingly clear that Biden’s proposal for a third stimulus check would give itselfa total of up to $ 2,000 with the and third payments combined, it is not clear whether qualified children would count towards extra money or not, and how that could change the whole equation that could determine how much money you would end up getting. While we wait for more details, here’s what we know so far.
What’s the timeline for receiving a $ 1,400 stimulus check?
Ironically, President Donald Trump – who wasand looks at his – sparked serious discussions about a $ 2,000 stimulus check when he initially delayed signing and demanded to lift the $ 600 ceiling up to $ 2,000.
Biden will reportedly aim for a February date to push his through, which means if it succeeds, the checks could start sometime in February or March, depending on the timing of the bill – maybe.
It’s not clear whether the IRS would automatically send checks to the recipients, or if the money would be packed in that anyone who doesn’t get a second check will have to use it as part of filing taxes.
What could get in the way of a third $ 1,400 stimulus check?
Many Republicans are expected to object to a new expensive stimulus package, especially one with more than could be. With an upcoming Schumer counts on pushing the legislation through, especially as incoming Vice President Kamala Harris will act as tiebreaker.
But opposition from just one Democratic senator could sink the party’s hopes of a big third stimulus check. A possible objector could be Senator Joe Manchin, a centrist Democrat from West Virginia, who repeatedly expressed concern about the cost of a third stimulus check and suggested that the financial aid could be better targeted to those who need the money the most .
“Absolutely not. No. Getting people vaccinated is job # 1,” Manchin told The Washington Post on Jan. 8 when asked about more.. “How can the money we invest now best help us get jobs back and get people into work? And I can’t tell you that sending a new cash register will do that to someone who . “
Shortly afterwards, Manchin seemed to have softened his position. According to NBC News, Manchin’s spokesman said he was ‘open’ to hearing President-elect Joe Biden’s case for a bigger stimulus check, but prioritizes. Financing to it is also on Biden’s agenda for a big stimulus bill. Manchin reiterated his opinion on January 10.
How a third stimulus check could bring in more money
A higher maximum total per person is the obvious way your household would see more money on a third check compared to the second, but there’s more to it. Because the upper limit for a, with an extra , the route , more people hit the income threshold for receiving a second payment, which means they will all the way.
A third stimulus check would:
Here are other ways ain your pocket.
Other funding that may be included in a new incentive law
We already know a number of Biden’s, which he shared as part of his presidential campaign trail. Chances are he would prompt Congress to revisit 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.
- $ 400 until the end of September.
- It until the end of September.
- Postponement of payment or forgiveness of student loans 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 howand .