Checks could roll out quickly or after a significant delay caused by Republican opposition.
Photo: Jeff Fusco / Getty Images
One of the more notable and widely popular congressional pandemic relief measures has been direct payments to millions of households. More are coming soon: March 11, the day after House passed the final version of the American rescue plansigned President Biden $ 1.9 trillion stimulus plan into the law. Now, many Americans (including children) will receive one third $ 1,400 stimulus check in a few days. Here are the latest updates on who gets a third stimulus check and when they can arrive.
Despite almost constant discussion of “stimulus control” throughout the pandemic, Congress and the Trump administration agreed on only two. The first, offering $ 1,200 checks to adults with an additional $ 500 for children, was adopted in March 2020 via CARES law. The second check gave $ 600 for adults and an additional $ 600 for children and was approved by omnibus grants and stimulus billing adopted at the end of December.
Almost all Democrats and even some Republicans felt that the December legislation was inadequate in size and scope (for example, there was no support for state and local governments, a major democratic priority). Meanwhile, the winter rise of the pandemic reached frightening new levels, vaccine distribution needs a major boost, and the economy, as reflected in December and January job reports, looks anemic.
Joe Biden made it clear since before the election that he would be in favor of a new and expanded stimulus package upon accession. Since there was significant bipartisan support to make the second check $ 2,000 instead of $ 600, the new Biden administration decided to “pick up” the direct payments with a third $ 1,400 check.
Payments of $ 1,400 per. person will be made to adults, children and for the first time adult relatives. So like Intelligencer’s Eric Levitz explains“A single mother caring for a child and a disabled sibling would receive a $ 4,200 check.”
However, the justification standards spurred a serious debate with Republicans and some moderate Democrats like Joe Manchin complaints that the distribution of the new check amounts according to the old CARES legal formula would end up benefiting families who are not in need and will not spend the money in a way that will benefit the economy. Following changes made in both chambers, legislation will phase out sharper payments to those with higher incomes.
Here’s how much Americans can expect, with eligibility based on 2019 or 2020 income tax data, depending on what the IRS has at hand:
• Eligible for a full $ 1,400 check: Adults who earned $ 75,000 or less, married couples who earned $ 150,000 or less, and household heads who earned $ 112,500 or less.
• Eligible for reduced check: Adults earning between $ 75,000 and $ 80,000, married couples earning between $ 150,000 and $ 160,000, and heads of household earning between $ 112,500 and $ 120,000.
• Not qualified: Adults earning more than $ 80,000, married couples earning more than $ 160,000, and heads of household earning more than $ 120,000
An extra $ 1,400 will be provided for each relative – including children and adult relatives – without a hood, provided that their guardian complies with the above limits.
In addition to a third round of checks, the $ 1.9 trillion U.S. rescue plan has many other elements, including $ 300 a week in federal supplemental unemployment insurance through September; $ 350 billion in aid to state and local governments; $ 170 billion to schools and universities; $ 25 billion in rental assistance (along with an extension of the 2020 deferral moratorium until September) and $ 5 billion to those at risk of homelessness; large increases in the child tax deduction and the employment income tax deduction; paid leave for 109 million Americans; $ 40 billion for child care; $ 50 billion for COVID-19 testing; and $ 20 billion for the distribution of COVID-19 vaccines.
The decision to move the massive spending package through Congress via budget voting process meant it could remain largely intact, but it would require the support of almost all Democrats in both chambers. In the end, only two Democrats voted against Parliament’s bill, and not a single Republican supported it. The Senate MPs’ exclusion of the minimum wage provisions eliminated the one issue on which Senate Democrats had been publicly divided (although only two, Joe Manchin and Kyrsten Sinema, objected). On March 6, the Senate passed the bill with a party vote of 50 to 49; Alaska Republican Dan Sullivan was not present. The final version then went back to Parliament, where it passed a vote of 220-211, with no Republicans voting for it and only one Democrat voting against.
After Biden signed the COVID package on Thursday, March 11, it became the White House said Americans could start seeing direct deposits hit their bank account within days. Sure enough, some families have already received their means.
People can use the tax system Get my payment tool to check the status of their stimulus check.
For those waiting to receive their payment by mail, it will take the form of a paper check or an economic impact payment card (EIP), a prepaid payment card. These are expected to take longer to arrive than the direct deposits. CNET reported that the first physical checks can be sent out during the week of March 15 with EIP cards possibly sent during the week of March 29.
For those who have previously received their last stimulus payments on an EIP card, the IRS will be sending mail brand new cards, instead of reloading the funds on previous ones. The card will be sent “with US Mail in a white envelope with the US Department of the Treasury seal and a return address from the ‘Economic Impact Payment Card’.” The front of the card will say Visa and the back will have MetaBank®, NA, the name of the issuing bank.