قالب وردپرس درنا توس
Home / Tips and Tricks / “We’ll stay here until we’re done tonight”: Stimulation Package Vote Update

“We’ll stay here until we’re done tonight”: Stimulation Package Vote Update



067-cash-money-dollars-bills-stimulus-check-congress-pass-mail-banking-finance-desperate-poverty-us-treasury

Congress could be very close to a vote on a stimulus package that includes a second stimulus check.

Sarah Tew / CNET

Congress – starting with the House of Representatives, followed by the Senate – will vote on one Bipartisan stimulus package of $ 900 billion which the government jointly finances for a year and one second stimulus control of $ 600 (half of the previous amount) and $ 300 in weekly unemployment insurance for unemployed Americans. But after months of tension and delay, the incentive account another problem, this time sending the text of the package to the members of Congress.

The text of the bill was provided minutes before 2 p.m. ET (11 a.m. PT).

Despite the late start to revising the contents of the stimulus bill, Senate Leader Mitch McConnell has vowed that the Senate will take up joint emergency government funding / COVID-19 on Monday.

“We’ll stay here until we’re done tonight,” McConnell said, according to Bloomberg.

Originally scheduled for Sunday, the vote shifted to Monday as lawmakers address legal language at the last minute and approved a contingency plan to fund the government long enough to pass COVID-19 lighting along with an annual federal spending bill.

The coronavirus relief package is set to at least partially refresh critically expiring federal benefits at a time when the nation is seeing rising infections, hospitalizations and “gruesome” deaths from COVID-19. Without federal action, tens of millions unemployed Americans would be without income and millions of households would be evicted.

“This emergency relief bill is an important first step,” house speaker Nancy Pelosi said in a statement Sunday afternoon. “In 31 days, when Joe Biden enters the White House, more help will come. “

The second stimulus control is intended to go to the same recipients of the first stimulus check this year, with the qualifications for a second stimulus check usually after the first, including which counts as a dependent, according to The Washington Post. This distinction holds the amount a second incentive check would send to families more or less in line with the first check, but for a different total.

When can an incentive bill or package pass?

House vote

Senate vote

President signs

Dec 21

Dec 21

December 21 (Trump signs the same day)

Dec 21

Dec 21

Dec 22

Dec 21

Dec 22

December 22 (Trump signs the same day)

A broader economic bailout, like the $ 2.2 trillion CARES Act of March, will likely return to the table in early 2021, top U.S. leaders have suggested. It’s too early to say if that sweeping package would do that including a third $ 600 or $ 1,200 stimulus check.

read more: Would you like a third incentive invoice? America’s next convention could be key

Why isn’t a second stimulus of $ 1,200 part of the bill checked?

A second stimulus control has had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from President Donald Trump and President elect Joe Biden to members of Congress, economists and ordinary people has called for another direct payment.

101-cash-money-dollars-bills-stimulus-check-congressional-pass-mail-banking-finance-desperate-poverty-us-treasury

A vote on the new stimulus package will soon be possible.

Sarah Tew / CNET

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 is seen as a way to keep costs below the $ 1 trillion mark that Republican lawmakers have said to support in the past.

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 bipartisan negotiations that cut $ 160 billion from elsewhere, enough for a smaller stimulus check than before.


Now playing:
Look at this:

Following stimulus checks: what to expect


3:03

How soon can the aid of a stimulus package come out?

First, the incentive law would have to be approved by the House of Representatives and the Senate. Now if the rooms work together on a deal, chances are it will. Next, Trump would have to sign the bailout bill. After that, aid would likely start to go out within a week or two, with certain groups potentially getting financial aid before the end of 2020.

If an invoice is accepted that includes a direct payment, here follows how soon we think the IRS can send a second stimulus check.

Will there be a new incentive bill in 2021?

Biden, McConnell and others have repeatedly described this December legislation as an emergency relief rather than a comprehensive economic stimulus package, and have committed to a new stimulus law in 2021.

“It’s a down payment,” Biden said on December 16. “A major down payment for what is due in late January and early February. But it’s really important to get it done.”

Here’s everything we now know about the chances of a third stimulus check in 2021.

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