When Will The Third Stimulus Check Be Sent
Democrats and Biden want to have the COVID-19 relief plan approved by this Sunday, March 14. Thats when extra unemployment assistance and other pandemic aid expires. Presuming the bill is passed Wednesday and signed right away, then it will get done four days ahead of that mark.
During the first round of stimulus checks in April 2020, it took about two weeks for the federal government to start distributing the money. It took around one week for the second round of checks, worth $600, in early January, since the infrastructure was already in place from the first round.If the IRS is able to keep with previous timelines, Americans could start receiving stimulus checks from late March to early April. For example, if the stimulus package is signed into law on Wednesday, based on previous relief plans, the first direct deposits may go out mid-to-late next week.One possible complicating factor is that this round of stimulus checks will be going out while the IRS is dealing with incoming tax returns. But its unclear how big of an impact that could make on stimulus checks going out.
In Other News
Third Stimulus Bill: The American Rescue Plan Is Signed Into Law
Joe Bidens stimulus bill and $1,400 checks are on their way. Heres the latest news.
As America nears one year since Covid-19 pandemic-related shutdowns began, a third wave of stimulus support is on its way. The American Rescue Plan, an ambitious $1.9 trillion Covid-19 relief package first unveiled by President Biden in January 2020, has now officially been signed into law and is sure to be a centerpiece of Bidens first 100 days.
Whats in the stimulus bill? The package includes a third stimulus check for $1,400, expanded and extended unemployment insurance, and billions for schools, public health, and state and local government aid. And thats not all.
Some 280 million people will be eligible for the third round of stimulus checks, according to the Institute on Taxation and Economic Policy, and unlike previous direct payments, all dependents including college students and some people with disabilities, not just children under 17 will be eligible. Heres how to check if you qualify for a third stimulus payment.
Between those checks, a child allowance program to help parents, an expansion of zero-premium health care coverage to low-income Americans, housing aid, and other aspects, its one of the most ambitious anti-poverty bills in decades.
Read more for the latest news and updates on the package:
Millions of Americans could gain health coverage under the Democrats stimulus bill.
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One Thing Missing: A Minimum Wage Hike
As part of the stimulus plan, Mr. Biden wanted to raise the federal minimum wage, which is now $7.25 per hour, to $15 per hour.
The stimulus bill passed by the House would increase the wage to $15 per hour by 2025, but the Senate parliamentarian said the provision violated the strict rules that Senate Democrats had to follow to pass the bill through a special process that shielded it from a filibuster and allowed for its approval with only Democratic support. A vote in the Senate on Friday to add the wage increase back to the bill failed.
The Senate bill also dropped funding for a rail project in Silicon Valley in Northern California and a bridge between upstate New York and Canada, two provisions that were included in the House bill and drew criticism from Republicans.
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A $15 Minimum Wage Will Have To Wait For Another Day
Many Democrats hoped to include a provision in the Covid-19 relief package that would have increased the federal minimum wage, which has been at $7.25 since 2009, to $15 by 2025. The provision did make it through the House-passed bill, but it was struck down by the Senate parliamentarian, who ruled it didnt fit under the rules of the budget reconciliation process Democrats are using to pass the stimulus.
There was some hope that Democrats might find a different avenue for increasing the minimum wage to $15, including overruling the parliamentarian, getting rid of the filibuster, or finding some way to compel companies to pay a $15 minimum wage by taxing them if they didnt. But ultimately, they forged ahead with the Senate bill without it.
One thing that became clear as Democrats in the Senate tried to hash this out: A significant portion of the caucus doesnt want to raise the minimum wage to $15 by 2025. A Senate amendment to put a $15 minimum wage back in the Covid-19 bill was voted down on Friday, with 58 senators voting against it.
The legislation may not be everything progressives wanted, but the bills passage in the Senate is an important step toward getting help to millions of people.
The Affordable Care Act Would Get A Boost
The bill would temporarily increase subsidies for people purchasing health insurance through the Affordable Care Acts marketplaces. It includes billions of dollars for public health programs and veterans health care.
It also seeks to help those who have lost jobs keep the health insurance coverage they had through their employer, covering the full cost of premiums through a federal program called COBRA through September.
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Senate Passes $19 Trillion Covid Relief Bill Including $1400 Stimulus Checks With No Republican Support
WASHINGTON The Senate passed a $1.9 trillion coronavirus relief package Saturday, capping off a marathon overnight session after Democrats resolved internal clashes that threatened to derail President Joe Biden’s top legislative priority.
The far-reaching legislation includes $1,400 stimulus checks, $300-per-week jobless benefits through the summer, a child allowance of up to $3,600 for one year, $350 billion for state aid, $34 billion to expand Affordable Care Act subsidies and $14 billion for vaccine distribution.
The final vote was 50-49 along party lines, with every Republican voting “no.” It came after Democrats voted down a swath of Republican amendments on repeated votes of 50-49 to avoid disrupting the delicate agreement between progressive and moderate senators.
Before it can be signed by Biden, the legislation will have to be passed again by the House because the Senate made changes to its version. House Majority Leader Steny Hoyer, D-Md., said the chamber would vote Tuesday on the Senate-passed legislation.
Its The Economy Stupid
James Carvilles old adage, Its the economy, stupid still fits today, and it will certainly lead the way on any future stimulus checks or hazard pay decisions.
Even a position like its dead on arrival can be changed. This is the current position of Senate Republicans, but the economy will drive further action or inaction by the Senate. Right now, the economy continues to struggle badly. More than 36 million new jobless claims have been filed in eight weeks, and we are in a recession that is arguably headed to a depression. The most recent unemployment rate was reported as 14.7%, but many experts acknowledge that unemployment is really around 25%. Treasury Secretary Steven Mnuchin admitted on Fox News Sunday that real unemployment is much higher than 14.7% before agreeing that its probably really 25% and that things would get worse before getting better.
I recommend that rather than listen to the bluster and partisan tones of Democrats and Republicans in Congress just pay attention to the economy. Pay attention to unemployment. Pay attention to job losses and notice whether or not those jobs are expected to come back. Listen closely to what employers are saying. Hone in on corporate bankruptcies and assess the impact on hiring. These factors as well as others will give you more insight into what Congress might do than anything any members say.
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Invalid And Challenged Stimulus Payments
After the enactment of the CARES Act, the Treasury Department and IRS disbursed about 160.4 million payments totaling $269 billion by the end of April 2020, of which nearly 1.1 million payments, totaling almost $1.4 billion , were sent to dead people. A Government Accountability Office report in June 2020 noted that, in the hurry to distribute payments, the agencies had not followed post-2013 financial control safeguards to prevent payments to the dead or other ineligible persons. The report added that “agencies have made only limited progress so far in achieving transparency and accountability goals.”
The IRS put a notice on their website that incarcerated individuals did not qualify and withheld or retrieved payments from many prisoners. On September 24, 2020, a U.S. District Court issued an order certifying a nationwide class of incarcerated individuals. The court also granted a preliminary injunction requiring the IRS and Treasury Department to stop withholding checks solely on the basis of their incarceration status, resulting in payment of $100M .
Some citizens of other countries were accidentally given checks on the basis of having previously worked or lived in the U.S.
Senate Crushes Bernie Sanders Push For $15 Minimum Wage In 58
No child in America should be deprived of food, of medicine, of clothing or of education because of the accident of birth. That is what this bill stands for. It represents and marks an ideological revolution on behalf of justice.
But Republicans slammed funds for states like California, which recently reported a $10 billion budget surplus, and attacked a provision that gives up to $5 billion to pay off up to 120 percent of the outstanding loans of farmers who are racial minorities.
Rep. Andrew Clyde called the benefit for non-white farmers racist and said he wanted the Justice Department to review whether it violates federal civil rights laws.
Rep. Jodey Arrington said, Speaker Pelosi is throwing your tax dollars at Democrat cronies like a float captain throws beads at a Mardi Gras parade: bailouts for union pensions, bailouts for cash-flush states like California, bailouts for schools who still refuse to open.
The bill also establishes 15 weeks of paid leave for federal workers, including US Postal Service employees, for COVID-19-related reasons, including care of kids who dont have school or daycare.
It creates a new $25 billion grant program specifically for bars and restaurants that will compensate for lost revenue, and allows for government reimbursement of health insurance premiums for people who remain on employer policies after losing their jobs.
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Extended Unemployment Benefits$300 A Week Until September
The package will extend a $300-per-week federal unemployment supplement through Sept. 6. The first $10,200 of unemployment benefits received in 2020 will be tax-free for individuals with adjusted gross incomes below $150,000. If you qualify for the tax-free benefit and you already filed taxes for 2020, you will likely need to file an amended return.
In addition, the bill will extend pandemic unemployment assistance for self-employed people and gig workers, and extend the length of time people can claim unemployment benefits. People who have exhausted their state unemployment benefits will get an extension through Sept. 6.
The amount and length of additional unemployment support has been a key point of debate for this round of stimulus legislation. The extension of benefits signed by former President Donald Trump in late December were set to expire in March. Legislators strategized that another stimulus in March would be essential to minimize a looming gap in benefits for people who are out of work due to the pandemics effect on the economy.
Foreclosure And Eviction Moratorium
- Sections 4022 and 4023 deal with mortgages, protecting those with federally-backed mortgages from foreclosure until at least August 31, 2020, and allowing the right to request a mortgage forbearance for up to 180 days. Section 4024 provides for a 120-day moratorium on eviction filings for rental units in properties that participate in federal assistance programs, or have a federally backed mortgage or multifamily mortgage loan. One estimate is that this eviction moratorium covers 28% of all rental units in the United States however, there are no enforcement mechanisms provided.
- Allows health savings accounts , health flexible spending accounts, health reimbursement accounts, and medical savings accounts to pay for or reimburse for over-the-counter medicines and menstrual care products without a prescription or note from a physician, as of January 1, 2020.
- When an individual affected by COVID-19 requests and receives flexibility with their payment obligations from a creditor, the creditor must report to credit bureaus that the individual is in compliance with their payment obligations.
- Emergency Broadband Benefit is a United States FCC program which subsidizes broadband access during the COVID-19 pandemic.
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Check : The $1400 Third Stimulus Payment
The $1,400 stimulus check has already gone out to tens of millions of Americans, with more batches of payments going out over the coming weeks you can track the status of your payment. Under new eligibility rules, some folks who qualified for the first two payments may not make the cut for the third. A hard ceiling on income, designed to exclude higher earners from getting a check, comes with a rule change regarding the use of dependents in the stimulus check formula. Check out our stimulus payment calculator to see how the income cap affects you.
The new legislation gives the IRS a deadline of Dec. 31 to finish sending the stimulus checks.
Money Would Go To Fight The Pandemic And To Help States Local Governments And Schools
The bill would provide funding for vaccine distribution as well as coronavirus testing, contact tracing and genomic sequencing. It would give money to the Federal Emergency Management Agency as well.
It would provide $350 billion for states, local governments, territories and tribal governments, and it contains about $130 billion for schools. It also includes funding for colleges and universities, transit agencies, housing aid, child care providers and food assistance.
In addition, the bill contains funding to help businesses, including restaurants and live venues, and it includes a bailout for multiemployer pension plans that are financially troubled.
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Did The Stimulus Pass Disclaimer
You deserve better. Roughly two weeks ago, Pelosi had said that Congress will finish our work before the end of February. Do you think this is fair given that I have not been working as much in ? Its a very good bill. There is no link between Cisneros Group and Cisneros Corp. Amash was initially elected as a member of the Republican Party but joined the Libertarian Party earlier this year. What do I do? Back then, it had 1, employees working in stores in Venezuela and several other countries in Latin America.
Of course it was imperfect. Adding to the complexity: If people did not file their tax returns by last March, the government used their returns as a proxy as a guide in order to determine their earnings. They pointed to telecom, real estate and the gas and oil service sectors as attractive targets for foreign investors. But the Republican-led Senate was unwilling to include direct payments of that size, arguing that the economic conditions have improved.
Is it fair for 12 million people to be unemployed in a year that has wrought so much turmoil? Dear Candace, Is the stimulus package fair? Hemmed in by U. America, stop letting this happen.
There is no link between Cisneros Group and Cisneros Corp. The stimulus checks are an advance on a tax credit. Life on earth is not based on fairness. The bill will need to be signed into law after it passes Congress, and then it will take the IRS about one week to begin processing the checks.
Bidens Dogs Were Sent Back To Delaware After A Biting Incident They Will Return To The White House Soon
President Bidens two German shepherds were shipped back home to Delaware for a temporary vacation after Major, the youngest, showed aggressive behavior toward an unfamiliar person who surprised him, Mr. Bidens press secretary Jen Psaki said Tuesday.
The dogs will return to the White House soon, after spending time with a caretaker at the family house in Wilmington, Ms. Psaki told reporters at the White House.
Ms. Psaki did not provide many details. She did, however, say there had been some kind of an incident resulting in a minor injury that was handled by the White House medical unit, with no further treatment needed.
The dogs are still getting acclimated to their new surroundings, Ms. Psaki said.
The Delaware trip was already in the works before the episode, she added .
A report by CNN on Monday evening said that the dogs, Champ and Major, had been moved after Major had what one person described as a biting incident with a member of the White Houses security staff.
A person familiar with the dogs whereabouts said it was typical for Champ, and Major, to be shuffled back to Delaware when Jill Biden, the first lady, is on the road Dr. Biden is currently on the West Coast.
The dogs joined the Bidens at the White House shortly after the family relocated to Washington. Since then, they have been allowed to roam unleashed on the White House grounds. They are often part of the backdrop in Oval Office photos.
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No Minimum Wage Increase
The bill does not include an increase in the federal minimum wage of $7.25 an hour last set in 2009. The minimum wage varies from state to state but must at least equal the federal standard. The US House of Representatives had approved an increase in the federal minimum wage to $15 an hour, but the provision lacked sufficient support in the Senate to overcome procedural hurdles and was removed.
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