“if you have to choose between paying rent or putting food on the table. We need $ 2,000 stimulus checks, ”Biden tweeted on Jan. 10.
But there is a growing realization that the third stimulus check itself may not be $ 2,000 per person, which would pay offa total of up to $ 2,600 with the and third payments combined. Instead, Biden can suggest a third stimulus check for up to $ 1,400 each , a figure that would between the two payments. Here’s everything we know so far.
How and why a $ 2,000 or $ 1,400 stimulus check could happen
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.
“We will get that done,” Chuck Schumer, leader of senate ministry (soon to be majority), wrote on Jan. 12 in a letter to Democratic colleagues, according to multiple reports. With an upcomingSchumer is counting on pushing through the legislation.
Biden had already made it clear that he supports a third stimulus check, but last week he was reluctant to commit any amount. In his early presidential campaign, he had a, modeled on the former, but more recently he left the question open, calling the exact total “a negotiating issue.”
What could get in the way of a third “$ 2000” stimulus check?
Many Republicans are expected to object to a new expensive stimulus package, especially one with more than could be. With the Senate evenly split and new Vice President Kamala Harris to act as tiebreaker, the opposition of just one Democratic senator could lower the party’s hopes for a major 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.
- Taller last March.
- It last January 31.
- 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 how, and a primer on the .