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Trump to sign stimulus bill? President teases “good news” amid backlash from more than $ 2,000 check demands



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

CNET

President Donald Trump could sign a $ 2.3 trillion bill combining stimulus money with government funding ahead of Monday night’s deadline that the government would close from Tuesday morning, The Washington Post reported.

Hours after U.S. leaders from President-elect Joe Biden to Sens. Pat Toomey and Bernie Sanders called President Donald Trump to account on Sunday for his delay in signing a $ 2.3 trillion joint bill. Handing out $ 900 billion in COVID-19 aid such as a second stimulus control and government funding until 2021, Trump tweeted that he had “good news on Covid Relief Bill,” and more information to follow.

Trump has publicly objected to the ‘measly one’ all week $ 600 payment and wants to pass out a $ 2,000 second stimulus check instead.

Trump planned to sign the package on Dec. 24 at 7 p.m. ET, CNN reported Sunday, featuring “the smaller of Mar-a-Lago’s two ballrooms. [prepped] for a 7:00 pm ceremony complete with a desk and chair for Trump to sit on, “before the president reportedly changed his mind.

“What the president is doing now is incredibly cruel,” Sanders said on ABC’s This Week on Sunday. ‘You can’t play with the bill. Sign the bill, Mr. President, and then immediately – Monday, Tuesday – we can $ 2,000 direct payment for the working families of this country.

Toomey, a Republican, agreed. “Time is running out. I understand the president wants to send everyone bigger checks. What I think he should do is sign this bill and then make the case. Congress may pass one more bill,” he said on Fox News Sunday.

The COVID-19 bipartisan emergency response would renew the programs of both Democrats and Republicans agree are critical, including the weekly federal unemployment benefits, money to help companies pay their employees, an extension of one month from one federal deportation ban and funding to it corona vaccine.

Trump has not said frankly whether he will veto the bill. If he does, Congress might get a chance to put it aside. If Trump just doesn’t sign the legislation, it’ll be a pocket veto – there wouldn’t be enough time for it to go into effect before the end of his congressional meeting in seven days, which would cause the new 117th Congress to start scratching if there was no legislation. is due to be sworn in on January 3.

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

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

Democrats have long been calling for a bigger one second stimulus control as part of a larger general aid package. Trump distanced himself from the negotiations, but his 11-hour insistence may not turn the needle of the bill’s size and scope in the coming days.

‘This bill is critical. It must now be legally signed. ‘ Biden said in a statement on Saturday, further referring to Trump’s reluctance as “relinquishing responsibility has devastating consequences.” Biden refers to the incentive portion of the joint package as a ‘first step and down payment’, predicting a higher bill after he has sworn in — including a third stimulus check.

Republican and Democratic lawmakers approved the two-in-one omnibus package on Dec. 21 by overwhelming margins, after months of painful negotiations.

“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.

“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 calms down and just very gently sign the bill and say nothing about it,” Politico chief told economic correspondent Ben White Friday on CNBC.

A Republican Senate leader, Roy Blunt of Missouri, agreed. “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, according to The Hill.

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.


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Second stimulus checks: everything you need to know


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Trump’s $ 2,000 stimulus check mark is entering familiar territory

Since the spring, several Democrats have proposed a $ 2,000 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 draw or not to draw? What Trump Could Do Now

There is a lot of dialogue on this right now, but here are some simplified options:

  • Trump could sign the $ 900 billion anyway. The incentive law and the financing note 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 ready to support 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 can 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 are in,” 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 IRS send your payment?

Aid was likely to start going out within a week or two after the law is officially passed, with certain funding programs potentially getting financial aid before the end of 2020. On Monday, Treasury Secretary Steven Mnuchin set 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 begin again on December 26.

Delays in signing the bill can cause the timeline to shift as agencies need time to set up their processes and communicate with recipients about what to do or expect.

You can now calculate your second stimulus check total. 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.

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

Sarah Tew / CNET

Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?

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.

Trump has previously called for “more money than they are talking about” in stimulus checks as large as $ 1,200 or $ 2,000 per person. Aides allegedly convinced him at the time that making such demands would jeopardize a stimulus bill, The Washington Post reported, and the White House offer was officially extended to $ 600.

While many are in favor of a $ 1,200 direct payment 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 reportedly curbed the charges.

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.




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