10 Apr
2021

Has The Senate Come To An Agreement On The Second Stimulus Check

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If an invoice that involves a direct payment passes, here`s how fast we think the IRS could send a second stimulus check. Senator Josh Hawley, a Missouri Republican, also said he would oppose a package that did not contain stimulus control and that he had asked the president to veto any bill that does not contain a second round of direct payments. Trump also said he was ready to send another round of stimulus packages of up to $2,000, the Washington Post reported. The new proposal will be tied to an end-of-year spending law that would keep the government in action beyond a December 11 deadline. Congress will go on vacation at the end of December and push back the issue of stimulus plans in January, possibly after the inauguration of President-elect Joe Biden. While Democratic and Republican lawmakers have expressed renewed optimism about securing a coronavirus aid deal, the current roundtable excludes a second round of fiscal stimulus. Here is the latest news from the negotiations and a look at whether controls could still be on the table. The current proposal between the parties provides for an increase in unemployment benefits, but no funding for a new round of direct payments that would reach most households. The inclusion of payments that amount to cheques of more than $1,200 in the spring would cost hundreds of billions of dollars, and Republicans have made it clear that $900 billion is already more than they want to spend. Many Republicans call this round of negotiations an “emergency aid package” and not a stimulus package. A bipartisan $908 billion stimulus package is expected to be released Monday to reach about half of House of Representatives spokeswoman Nancy Pelosi`s $2,200 billion measure, but nearly twice as much as a $500 billion “targeted” approach, favored by Senate Majority Leader Mitch McConnell, R-Ky. The new plan is expected to include an increase in federal unemployment benefits of $300 per week, a freeze on forced evictions, funding for public and local aid and money for small businesses.

It also includes funds for the distribution of transport and vaccines. If the talks disintegrate again by January 20: if partisan differences prevent the passage of a bill, it is likely that they will somehow resume after the inauguration in January. Here are some executive steps Biden could take immediately after the president if a stimulus package has not been adopted until he is sworn in. More stimulus money for the country and its citizens is pending.

Teck Lee Tan

Field Engineer and Tech Artist at Unity Technologies

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