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Third Stimulus Check for $ 2,000 or $ 1,400? This is what could really happen



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President-elect Joe Biden backs the third stimulus check, but there are conflicts.

Sarah Tew / CNET

For weeks now, prominent American politicians have been advocating for one $ 2,000 stimulus check, and on Thursday evening it may become clearer what that means. Less than a week ahead inauguration on January 20, President-elect Joe Biden will reveal more details of its economic stimulus plans for 2021, including one stimulus package ‘in the trillions of dollars’, a possible return to $ 600 weekly unemployment benefit and a third stimulus check.

$ 600 just isn’t enough 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 off qualified adults a total of up to $ 2,600 with the second and third payments combined. Instead, Biden can suggest a third stimulus check for up to $ 1,400 each eligible adult, a figure that would “Increase” the $ 600 Second Stimulus Check maximum to $ 2,000 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 was dropped off Wednesday and looks at his second trial in the Senate – sparked serious discussions about a $ 2,000 stimulus check when he initially delayed signing December’s Incentive Act and demanded to lift the $ 600 ceiling second stimulus control 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 upcoming Democrat-led senateSchumer 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 $ 1,200 stimulus check, modeled on the former, but more recently he left the question open, calling the exact total “a negotiating issue.”


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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 double the $ 600 stimulus check. 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. incentive payments. “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 I already have a check. “

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 vaccine distribution. Financing to it Covid-19 vaccine is also on Biden’s agenda for a big stimulus bill. Manchin reiterated his opinion on January 10.

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How much money could a third incentive check really make for your household? We will see soon.

Sarah Tew / CNET

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

A third stimulus check would:

Here are other ways a third stimulus check could generate more money in your pocket.

Other funding that may be included in a new incentive law

We already know a number of Biden’s targets for a new stimulus package, 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 $ 900 billion bill by both Republicans and Democrats.

They can include measures such as:

  • A larger third stimulus check that could reach more people.
  • Taller federal unemployment controls last March.
  • It deportation ban 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 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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