President Trump signed the stimulus bill on Sunday night, avoiding the government shutdown. Today, the House will vote on $2,000 stimulus checks.
Sunday night, after days of criticizing the, President Donald Trump that joins with next year’s funding for the government. In addition to authorizing a , the bipartisan relief package renews programs both Democrats and Republicans , including , money to help small businesses pay employee wages, a month-long extension through January of a federal eviction ban and funding to help distribute the .
But immediately after signing the bill, Trump on Sunday night began urging Congress to approve the larger $2,000 checks this week. “As President, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child.”
Trump’s change of mind about approving the $600 amount came at the end of a weekend where US leaders from President-elect Joe Biden to Senators Pat Toomey and Bernie Sanders criticized Trump’s delay in signing the bill.
“The compromise bill is not perfect, but it will do an enormous amount of good for struggling Kentuckians and Americans across the country who need help now,” Senate Majority Leader Mitch McConnell tweeted minutes after Trump signed the bill.
The possibility for a $2,000 check, however, still hangs by a thread. The House is in session on Monday and intends to vote on the larger amount before sending bill to the Senate, which will be in session on Tuesday.
Biden has referred to the stimulus portion of the joint package as a “first step and down payment,” forecasting a larger bill after he’s— including .
House will vote Monday on a $2,000 second stimulus check bill
The House of Representatives intends to vote Monday on a bill (PDF) to authorize the Trump is asking for, for up to $2,000 per . It isn’t clear if the legislation will come up for a vote in the Senate. It all depends on whether Trump will continue to hold sway with Senate Republicans in his final weeks before , or whether a $2,000 check — which could greatly increase the size of the COVID-19 relief allocation — will divide the party.
“If the president is serious about the $2,000 direct payments, he must call on House Republicans to end their obstruction,” Pelosi said Dec. 24. “On Monday, I will bring the House back to session where we will hold a recorded vote on our stand-alone bill to increase economic impact payments to $2,000 … Hopefully by then the president will have already signed theto keep government open and to deliver coronavirus relief.”
Democrats advocated through the summer and fall for a largeras part of a broader aid package. Trump distanced himself from negotiations, and his administration’s own negotiator, Treasury Secretary Steven Mnuchin, offered the $600 ceiling for the totals.
Republican and Democratic lawmakers passed the two-in-one omnibus package by overwhelming margins on Dec. 21, after months of frustrating on-and-off negotiations.
While we closely follow the situation, read on for more information about the $2,000 stimulus check amount (the figure was advanced by a number of Democrats in mid-2020), the scenarios that could play out next and what we know about a. This story is updated often with new information.
Trump’s $2,000 stimulus check figure treads familiar terrain
Since spring, several Democrats have suggested a $2,000 stimulus check, including Vice President-elect Sen. Kamala Harris, Sens. Bernie Sanders and Ed Markey and one-time presidential hopeful (and now New York mayoral hopeful) Andrew Yang. Some supporters of this figure have even suggested sending checks on a monthly rather than a one-time basis.
Biden already supports a third stimulus check
Many US leaders seem to see theas a precursor to a larger relief package in 2021, one that may and other provisions that Republicans and Democrats agreed to leave out this round to pass a critical deal.
“This bill is just the first step, a down payment, in addressing the crisis — crises, more than one — that we’re in,” Biden said Tuesday, emphasizing that.
How quickly could the IRS send your payment?
Aid will likely begin to go out within the next week week or two, with certain funding programs possibly receiving financial help before the end of 2020. On Dec. 21, Treasury Secretary Steven Mnuchin gave the following week as the target for sending payments viato people who qualify for a to receive their payment, intended to bring direct cash flow to tens of millions of Americans.
Because of the delay signing the bill, the timeline will likely shift a week, since agencies need time to set up their processes and communicate with recipients about what they need to do or expect.
You can. Here’s which . Here’s what we know about , and here are more details about .
Why didn’t the bill include a $1,200 or $2,000 second stimulus check?
Ahas had wide bipartisan support ever since the CARES Act passed. Over the last several months, everyone from Trump and to members of Congress, economists and everyday people have advocated for another direct payment.
Trump has previously called for “more money than they’re talking about” in stimulus checks, as large as $1,200 or $2,000 per person. Aides reportedly 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 at $600 tops.
Although many favor a $1,200 direct payment in theory, a second smaller stimulus check has helped keep costs below the $1 trillion cutoff that Republican lawmakers have in the past said they’d support.
Stimulus checks aren’t cheap. The IRS said this summer that it had spent $270 billion sending out 160 million checks, and on Dec. 15, Sen. Mitt Romney, a Republican who has been involved in crafting the bipartisan stimulus proposal, forecast a cost of $300 billion if the checks were once again included for $1,200 per person. Republicans reportedly bridled at the cost.
Stimulus check 2: Eligibility basics you should know
Broadly, here’s who is. If the current version of the bill, payments top out at $600 apiece, and as you reach the upper , the amount of your check will decrease. A family of four that qualifies, for example, could receive up to $2,400. For a complete breakdown, .
To get the full $600 stimulus per person, either:
- As an individual without qualifying children, you have an adjusted gross income of up to $75,000 (this completely phases out at $87,000, down from the $99,000 used for the first check).
- You file as the head of a household (you claim children) and earn under $112,500.
- You file jointly without children and earn less than $150,000 and no more than $174,000 (down from $198,000 from the first check).
- Any dependent child under age 17 will count for an additional $600.
Note, if youbased on 2019 data but you would qualify based on your 2020 financial situation, you will not receive a second check this year. However, you can get that amount as a credit against your 2020 taxes.
If you qualify based on 2019 tax information but will be over the limit in 2020, you will receive a second check and do not need to repay it.
Who wouldn’t qualify for the next stimulus check?
We have a list of people who estimates 13.5 million adult dependents will be excluded under the requirements, including 7.3 million students.. If you are over the income limit, a or a dependent 17 years of age or older, you won’t qualify for a check. The People’s Policy Project think tank
For everything to know about the second payment, see what else is in, and what we know about in the new bill.
How would my second stimulus payment get to me?
If the IRS has your banking information on file, either from your federal taxes or from the first stimulus payment, your payment could come directly to your bank via The Treasury Department said as of this summer that about 75% of recipients were paid via direct deposit, 22% by and 3% through a ., starting in about a week or less.
When could the IRS start sending out checks?
Soon. On Dec. 21, Treasury Secretary Steven Mnuchin said, “The good news is [direct deposit] is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week.”
Starting in the new year, the IRS will send out payments onand to those for whom it does not have banking information on file. But sending the payments shouldn’t drag on for months, as the first payments did. By Jan. 15, if the IRS has not sent your payment — or sent the wrong amount — you can .
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