Part of the reason why we have oneIn the package now – after weeks of proposals excluding any other direct payment – is that Republicans and Democrats seem willing to pause their debate on some programs for the time being. The intention is to pick them up again in 2021 in perhaps more drastic packaging.
“It looks like they are very, very close. And it looks like there will be immediate cash payments,” President-elect Joe Biden said on Wednesday of the stimulus package. “But it’s a down payment, a major down payment, for what is due in late January and early February.”
This begs the question: if Congress has aand a larger stimulus package coming in 2021, is there any chance that Americans could see a third stimulus check next year?
It’s a serious consideration as new reports are coming to light amid the ongoing. Since the summer, more than 8 million people have fallen into poverty, the Washington Post reports, citing a new joint study. According to the COVID Tracking Project, more than 241,000 new positive COVID-19 cases have been reported daily as part of a seven-day average. And again 3,200 people died in one day.
Firstmanaged, health officials predict it will take months .
Here’s what we now know about stimulus checks in 2021, depending on what’s happening in the near future. We recently updated this story with new information.
A $ 600 stimulus check can be delivered in early 2021?
If another direct payment is made in 2020 as part of the COVID-19 bill, chances are the IRS and the U.S. Treasury will. But there is also a very real possibility that many people would not receive their payment until 2021.
It all depends on exactly when the bill is approved, how quickly the IRS could act, and then a range of factors that could cause you.
Is a third stimulus check also possible in 2021?
In theory, it is possible to see another stimulus check in 2021. The ins and outs are starting to get complicated, but there are three essential things to think about.
First, there is a tremendous amount of support from both Republicans and Democrats for a second $ 1,200 stimulus check. The slowdown was mainly centered around resistance to certain elements within the umbrella account and the total amount spent, not necessarily the size of the check. The reported amount of $ 600 is a compromise to make the bill pass in a short period of time.
Then there is precedent. In addition to the current support, the fact that Democrats and Republicans agreed to an amount of $ 1,200 earlier in 2020 makes it more likely they want to at least match that. A check for $ 600 would now take the US halfway through.
Finally, a new government will be sworn in. A complicated and divisive run-out for two Senate seats in Georgia on Jan. 5 will decide whether Republicans retain control of the upper room or Democrats narrowly take control, via a 50-50 seats, with Vice President-elect Kamala Harris holding the casting vote. releases. The party in control also controls several major subcommittees, with the power to influence laws. Adepending on the composition of the next congress.
Would a third stimulus check run you $ 600 or $ 1,200?
It’s far too early to say whether a third stimulus check would make up for the difference and match a payment of $ 600 per person by 2021, or whether lawmakers would advance a completely new payment of $ 1,200 to follow in the footsteps of the first stimulus check.
Much will depend on who wins control of the Senate (see above) and what the new government sees as its goals in rehabilitating an economic weakening from the coronavirus pandemic.
For the time being, we will have to wait and see what will happen with the second stimulus check, with an eye to early 2021.
For more information on stimulus controls, here’s how you might, or a . Here is . And this is an introduction to the and if and when it has passed, based on important dates.