قالب وردپرس درنا توس
Home / Tips and Tricks / Trump doubles second stimulus check demand from $ 2,000. What now?

Trump doubles second stimulus check demand from $ 2,000. What now?

dollar bills-cut-8466

The American stimulus package is in trouble again. Here is the situation with a second stimulus check.


President Donald Trump renewed his call for one on Saturday $ 2,000 second stimulus check to replace an up-to $ 600 payment, the same day federal unemployment benefits expire for tens of millions of Americans. The incentive payment is part of a $ 900 billion sum put aside extension of aid expiring on 31 December, and is part of a $ 1.4 trillion joint bill to also fund the government through 2021. While Republican and Democratic lawmakers passed the omnibus package by overwhelming margins earlier this week, Trump’s demand is throwing the bill, which has been painfully negotiated for months, in turmoil.

“I just want to get our great people $ 2000 [sic], instead of the meager $ 600 now in the account. Also stop the billions of dollars in ‘pork,’ Trump tweeted Saturday morning, referring to elements of the government funding portion of the bill that members of his party agreed to reflect Trump’s own budget requests.

As it stands now, the calculations built into the $ 600 ceiling would many Americans disqualify of a second stimulus control.

Trump also tweeted his position on Christmas Day after golfing with Senator Lindsey Graham. “A lot of calls and meetings at Trump International in Palm Beach, Florida. Why wouldn’t politicians want to give people $ 2000?” [sic], instead of just $ 600? It wasn’t their fault, it was China. Give our people the money! “

The President’s opposition to the amount set aside in the bailout law for a second stimulus control threatens the viability of a bill long seen by professional legislators as a stopgap, until another, larger law is introduced in early 2021. (President-elect Joe Biden has already committed to a third stimulus check.)

Adding to the confusion, the president has not said outright whether he will actively veto the bill. If he does, Congress might get a chance to put it aside. If Trump just doesn’t sign the bill as it is, it will be a pocket veto – there wouldn’t be enough time for it to go into effect before the end of its 8-day congressional session, which would make the new 117th Congress start scratching like there is no bill due to their swearing in on January 3rd.

Democrats have long been calling for a bigger one second stimulus control as part of a larger general aid package. Still, Trump’s insistence on the eleventh hour – he did not participate in stimulus negotiations – may not change the needle on the bill and its scope.

The House of Representatives will vote on a bill (PDF) on Monday to introduce a second stimulus check for up to $ 2,000 per qualified adult, but the legislation is not expected to pass the Senate. Dec. 28 is the same day the federal government faces another shutdown unless another contingency plan is passed by Congress to keep the lights on.

“If the president is serious about the $ 2,000 direct payments, he must call on House Republicans to end their obstruction,” Pelosi said Thursday. Monday, I will return Parliament to the session where we will have a recorded vote on our standalone law to increase payments for the economic impact to $ 2,000 … Hopefully by then the president will have bipartisan and bicameral legislation to keep the government open and provide help with the coronavirus. “

The trouble started on Tuesday when President Donald Trump released the second stimulus check’s $ 600 per person upper limit if “ridiculously lowand asked Congress for instead, change the bill to an upper limit of $ 2,000, indicating that he would not sign the stimulus bill into law without Congress meeting his condition.

“I think a lot of people in both the White House and the Republican Party on Capitol Hill, as well as the Democrats, are hoping that he will calm down and just very gently sign the bill, and say nothing about it,” Politico Chief Economic Correspondent Ben White told CNBC on Friday.

A Republican Senate leader, Roy Blunt of Missouri, agrees. “The best way to get out of this is for the president to sign the bill and I still hope he decides that,” Blunt said Thursday, The Hill said.

As we monitor the situation closely, read on to learn more about the amount of the $ 2,000 stimulus check (the figure was pushed forward by a number of Democrats in mid-2020), the scenarios that could arise, and what we know about a third stimulus check for 2021. This story is often updated with new information.

Now playing:
Look at this:

Second stimulus checks: everything you need to know


That $ 2,000 stimulus check figure Trump likes isn’t new

Since the spring, several Democrats have proposed a $ 2000 incentive check, including Vice President Senator Kamala Harris, sens. Bernie Sanders and Ed Markey and a one-time presidential hopeful (and now hopeful New York mayor) Andrew Yang. Some supporters of this figure have even suggested sending checks on a monthly rather than one-time basis.

To sign or not to sign? What Trump could do from here

There’s a lot of dialogue about this right now, but here are some simplified options:

  • Trump could sign the $ 900 billion anyway. The Incentive Act and the Financing Memorandum for 2021 are linked.
  • Trump could live up to his threat by actively vetoing the stimulus package.
  • He could passively refuse to sign it (aka a pocket veto). If Congress doesn’t deliver the full bill to Trump by the end of the day, they are not expected to have enough time to override the veto. This requires a two-thirds majority in both the Senate and the House of Representatives, a margin that both houses have already cleared but may not have time to vote on.
  • If the bill fails, the new parliamentary term, which starts on January 3, must start again.

Biden is already ready for a third stimulus check

Most American leaders seem like the $ 900 billion incentive bill as a stepping stone to a larger aid package in 2021, one that might be able to do that include a third stimulus check and other provisions that Republicans and Democrats agreed to omit this round to strike a critical deal.

“This bill is just the first step, a down payment, to address the crisis – crises, more than one – we find ourselves in,” President-elect Joe Biden said Tuesday, emphasizing that he would like to see a third stimulus check.

If the current incentive law becomes law, how soon can the benefits go out?

Aid was likely to begin to go out within a week or two of the law being officially passed, with certain funding programs potentially getting financial aid before the end of 2020. On Monday, Treasury Secretary Steven Mnuchin gave the goal of sending payments through next week direct deposit to people who qualify for one second stimulus control to receive their payment intended to bring direct cash flow to tens of millions of Americans. And the $ 300 unemployment checks will restart on December 26.

If the bill signing is delayed, the timeline can shift as agencies need time to set up their processes and communicate with recipients about what to do or expect.

You can now calculate the total of your second stimulus check. Here’s what payment group you may be in. This is what we know how soon we think the IRS can send a second stimulus check, and there are more details on this weekly unemployment insurance.


A vote can be taken on the new stimulus package soon.

Sarah Tew / CNET

Why was a second $ 1,200 or $ 2,000 incentive check not part of the original package?

A second stimulus control has had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and Biden to members of Congress, economists and ordinary people have advocated a different direct payment.

Last week, Trump called for “more money than they are talking about” in stimulus checks, as high as $ 1,200 or $ 2,000 per person. At the time, Aides would have convinced him that making such demands would jeopardize a stimulus law, The Washington Post reported.

While many are in favor of a direct payment of $ 1,200 in theory, a second smaller stimulus check has helped keep costs below the $ 1 trillion mark that Republican lawmakers said in the past they would support.

Stimulus control isn’t cheap. The IRS said this summer it had spent $ 270 billion sending 160 million checks, and on Monday Senator Mitt Romney, a Republican involved in drafting the bipartisan stimulus proposal, predicted a cost of $ 300 billion if the checks once were charged again for $ 1,200 per person. Republicans have reportedly curbed costs.

A variety of factors could have contributed to a second stimulus check making its way into the final bill at all, from popular opinion and presidential bias to complicated negotiations that cut $ 160 billion from elsewhere, enough for a smaller stimulus check than before.

For more information on stimulus controls, here how quickly you now get your second stimulus check, what to do to speed up the delivery of a possible second check and what you need to know about the HEALS, CARES and Heroes proposals for incentive laws that can help inform a final package.

Source link