Update Second Stimulus Check: $2,000 payment Dead, Third Round in 2021?
|Update Second Stimulus Check: You won’t be getting a $2,000 stimulus payment|
On Friday, Sen. Schumer said, "today is the last chance to take up and pass the House bill to provide $2,000 checks to the American people." It didn't happen. With the current Congress ending and the CASH Act expiring on Sunday, the drive for additional stimulus checks – for $2,000 or any other amount – will therefore have to start from scratch.
That bill would have increased the second-round stimulus checks approved by the COVID-Related Tax Relief Act from $600 to $2,000.
Then, after the president signed the bill, the Democrat-controlled House of Representatives passed the CASH Act. In addition to boosting the already authorized $600 second stimulus checks up to $2,000 per eligible person, it would have increased the additional $600 payment for children 16 years of age or younger to $2,000 and allow these extra payments for all dependents, regardless of their age.
Senate Democrats made repeated requests this week for a vote, but each request was immediately blocked by McConnell or another Republican senator.
As you know, Republicans on Friday blocked a final request for a vote despite President Donald Trump’s call for larger checks, NJ reported. Regarding the $2,000 stimulus payments, Senate Majority Leader Mitch McConnell, R-Ky., complained that some of the checks would go to wealthier households.
The IRS has already started sending out the $600 second stimulus checks authorized by the recently enacted COVID relief law.
If a deal to increase payments to $2,000 had been reached, the tax agency said it would have sent another payment for the additional amount to anyone who already received a $600 check. That, however, won't be necessary now absent some unexpected change of circumstances before Sunday, Yahoo News notes.
No Vote for second stimulus check due to 'Wealthier households'?
Calculations by the Center for a Responsible Federal Budget said that a family of four, which would start with $8,000 in stimulus checks, could earn up to $310,000 before the entire payment would end. For a family with five children, the cutoff would be $430,000.
McConnell said the bill would "send thousands of dollars to people who don't need the help." He further noted that "a family of five where the parents earn $250,000 and have not seen any income loss this past year" would receive a $5,000 stimulus check under the CASH Act. This, he said, was "socialism for rich people."
However, Tax Policy Center, a research group, calculated that the richest 5% of Americans would get just 1% of the direct payments, NJ notes. In response, Sen. Bernie Sanders (I-Vt.) said "Virtually nothing goes to the very, very rich", "An overwhelming majority of those funds," he said, "go to the middle class, the working class, low-income people."
Second Stimulus Check: McConnell's Alternative Bill
As an alternative to the CASH Act, Sen. McConnell introduced his own bill to provide $2,000 second stimulus checks. His bill would:
*Increase the base amount for second stimulus checks to $2,000, but not increase the additional amount for children or allow the additional payments for all dependents;
*Repeal a law protecting internet companies from liability for posts on their websites; and
*Set up an advisory committee to study the integrity and administration of the 2020 general election.
President Trump requested these are the three things when he signed the COVID relief bill establishing $600 stimulus checks.
However, this bill had no chance of being enacted into law. Even if the Senate passed the bill, the House would have to pass it as well. But the House has already adjourned for this legislative session.
Third round of stimulus checks in 2021
Many lawmakers have already called for a third round of stimulus checks in 2021. President-Elect Joe Biden has also said he'll push for more direct payments. So, despite the demise of the CASH Act, we still might see more – and higher – stimulus check payments down the road.
The 117th Congress begins Sunday and President-elect Joe Biden and congressional Democrats said they would push for another coronavirus stimulus bill.
Who's NOT getting a second stimulus check?
There are a few reasons why you could be left without a second stimulus check. It could be because of your income, age, immigration status, or some other disqualifying factor: High-earners, Dependents, Nonresident aliens, People without a social security number, Deceased people, People who the IRS doesn't know about... Read More HERE!
Update News Second Stimulus Check:
- Mitch McConnell objects to a Senate vote on the $2,000 stimulus checks for the third day running on Thursday.
- McConnell admits that the bill to increase stimulus checks to $2,000 has "no realistic path to quickly pass the Senate" on Wednesday.
- Pelosi and Gingrich press McConnell to allow vote on 'clean' bill for $2,000 stimulus checks.
- Trump extends freeze on skilled worker visas.
- Georgia Senator Perdue in isolation ahead of 5 January run-off.
- Second round of stimulus payments gets underway as Congress continues wrangle over $2,000 checks into New Year.
- Senate to vote on overriding Trump defense bill veto as president lashes out at "pathetic" Republican leaders.
- Georgia Senate run-off "too close to call" say pollsters, with control of upper house to be decided on 5 January.
- McConnell is introducing a new bill with $2,000 stimulus checks but it’s tied to a repeal of the social media-related Section 230 and finance for election fraud investigation.
- President Trump urges Republican senators to "get tough" and approve the $2,000 stimulus checks after McConnell blocks Senate vote.
- US House on Monday passed bill that would increase covid stimulus payments from $600 to $2,000 by 275-134 vote.
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