Many calls and meetings at Trump International in Palm Beach, Florida. Why wouldn’t politicians want to give people $ 2000,? It wasn’t their fault, it was China. Give our people the money! Trump tweeted after allegedly golfing with Senator Lindsey Graham.
It’s just the opening the Democrats have been looking for to negotiate a bigger package, with bigger direct payments for more Americans. As it stands now, thewould of a .
On December 28, the House of Representatives will vote on a bill (pdf) for a second stimulus check up to a maximum. There is only one problem. This bill is not expected to pass the Senate, making the fate of a – and the full $ 2.3 trillion bill to jointly fund COVID-19 emergency relief and government operations by 2021 – is again teetering on the brink.
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.
The trouble started on Tuesday when President Donald Trump released theupper limit of $ 600 per person if ‘ and asked Congress for , indicating that he would not sign the stimulus bill into law without Congress meeting his condition.
Trump did not say outright that he would veto or refuse to sign the bill. But criticism on Saturday, leaving millions of people without a financial lifeline. The , and will evaporate to Americans on the brink.
The nearly 5,600-page stimulus and funding bill was flown to Trump at his Mar-a-Lago Club in Palm Beach, Florida, where he is expected to stay until at least January 1. Trump could sign the bill there. The COVID-19 segment of the bill that theand the segment funding the federal government has adopted Congress as a unit and cannot be separated.
If the president were to veto, Congress would have time to try to override the veto. But if the president just left the bill on his desk without signing it, it would simply die when the current term of congress ends on January 3. This would force the new Congress to start the process all over again.
“I think a lot of people both within the White House and in 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 told chief economic correspondent Ben White to CNBC.
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.
Monday, December 28 will be House Speaker Nancy Pelosi’s second attempt at theafter a method known as unanimous consent was blocked by House Republicans Thursday. House Democrats also rejected a Republican request for unanimous consent during the same short session, allowing both sides to regroup.
“If the president is serious about $ 2,000 direct payments, he should call on House Republicans to end their obstruction,” Pelosi said in a statement 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 haveto keep the government open and provide help with the coronavirus. “
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. This story is often updated with new information.
That $ 2,000 stimulus check figure 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 preparing for a third stimulus check
Most American leaders seem like theas a stepping stone to a larger aid package in 2021, one that might be able to do that 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.
If the $ 900 billion stimulus bill becomes law, how soon could the benefits materialize?
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 weekto people who qualify for one 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. Here’s what . This is what we know , and there are more details on this .
Why was a second $ 1,200 or $ 2,000 stimulus check not part of the package?
Ahas had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from Trump and 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, and what you need to know about the proposals for incentive laws that can help inform a final package.