“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 canfor 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, including the , money to help companies pay their employees, an extension of one month from one and funding to it .
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 thefor 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.to keep the government open and provide help with the coronavirus. “
Democrats have long been calling for a bigger oneas 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— including .
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. This story is often updated with new information.
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 theas a stepping stone to a larger aid package in 2021, one that can 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.
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 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 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. Here’s what . This is what we know , and there are more details on this .
Why didn’t the bill include a second $ 1,200 or $ 2,000 stimulus check?
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.
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, and what you need to know about the proposals for incentive laws that can help inform a final package.