On Tuesday night, Trump called the COVID-19 aid package a “disgrace,” he saidif there is no greater .
“I ask Congress to change this bill and raise the ridiculously low $ 600 to $ 2,000, or $ 4,000 for a few,” Trump said in a video on Twitter.
House Speaker Nancy Pelosi tweeted shortly afterward, “Republicans repeatedly refused to say what amount the president wanted for direct checks. Finally, the president has agreed to $ 2,000 – Democrats are willing to bring it up by unanimous agreement this week. Do it! ”
Since the spring, several Democrats have proposed a $ 2,000 incentive check, including Vice President-elect 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.
Earlier Tuesday afternoon, it appeared that Trump was ready to sign the bipartisan stimulus bill that a member of his administration was working on “in the coming days,” the Associated Press and others reported.
For the time being that leaves aid measures in the dark, including the extension of onefor people who cannot afford rent, and extra money for job seekers.
On Monday, Treasury Secretary Steven Mnuchin gave the goal to send payments via next weekto people who qualify for one to receive their payment intended to bring direct cash flow to tens of millions of Americans. (You can . Here’s what And the $ 300 unemployment checks will begin again on Dec. 26.
What if Congress doesn’t change the stimulus bill passed by a clear majority in both chambers Monday night, and if Trump honors his threat by actively vetoing or refusing to sign the stimulus package (aka a ‘pocket veto’)? Would it mean the stimulus bill is dead along with the $ 300 unemployment checks and $ 600 stimulus payments?
Not necessary. Congress would still have the option to pass the bill despite a presidential veto, by a two-thirds majority vote in both the Senate and the House of Representatives.
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.
The coronavirus aid package is said to innovate criticallyat a time when the nation is seeing rising infections, hospitalizations and “gruesome” deaths from COVID-19. Without federal action, tens of millions and .
This story is often updated with new information.
How quickly can incentive benefits go out?
Aid was likely to start going out within a week or two after the bill is officially passed, with certain funding programs potentially getting financial aid before the end of 2020.
This is what we know. These are the details for that .
Why wasn’t a bigger second stimulus part of the deal?
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. Aides would have convinced him that making such demands would jeopardize a stimulus bill, 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 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.
What do we know about a larger stimulus bill in 2021?
Biden, Senate Majority Leader Mitch McConnell and others have repeatedly described this December bill as an emergency relief rather than a comprehensive economic stimulus package, and have committed to a new stimulus bill in 2021.
Here’s everything we now know about the.
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.