“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 in the closing days of the negotiations. 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.”
Like it, the situation is complex. In the last days of 2020 through January 1, Trump, Congressional Democrats, and a few Republicans tried to push the $ 600 per person cap in the up to $ 2,000 per eligible adult. That last ditch effort failed, but it is in a serious way. Scattered lawmakers had suggested the figure before, but it never gained traction.
So a third stimulus would control$ 1,200 like the first payment, $ 2,000 or some other amount? And does it have a chance to succeed? We’ll share what we know leading up to . (And here’s how .)
The Senate election on January 5 in Georgia is key
Since November, analysts have noted that the Jan. 5 second election for two seats in the Georgia Senate has had too much weight in the country’s political priorities through 2021 and beyond. If both Senate seats go to the Democrats, that party wins the Senate by a majority whisper, with a 50-50 split and a vice president elected cutting all ties.
If the GOP retains one or both seats, it will remain in Republican hands. Either way, Biden will be working with a deeply divided government.
So far, more Democrats have backed a bigger stimulus check and bill than their Republican counterparts, although there are some notable exceptions. We will have to wait and see what happens. The count can take weeks, especially if results are disputed.
The “problem” with the $ 600 stimulus check
With a first incentive check of $ 1,200 per person, supporters of a larger check criticize recipients of a second check receiving much less, but there’s more to it. Because the upper limit for a, with an extra , the route , more people will hit the income threshold for receiving a second payment, and that means they will all the way.
With that in mind, a third stimulus check could take a variety of angles, from addressing some of the population who would have missed the second stimulus check, to potentially sending a new wave of economic relief to those in the greatest financial difficulties.
Again, a lot can depend on it, and what the new Biden administration sees as its goals in rebuilding an economy weakened by the .
What else could there be in a new incentive law for 2021?
We already know a few of them, 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 by both Republicans and Democrats.
They can include measures such as:
- A larger third stimulus check that could reach more people.
- last March.
- It 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 distribution.
- Liability protection for companies against lawsuits related to the coronavirus.
For more information, here’s how, and a primer on the .