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Politics Will There Be Another Stimulus Check? Bipartisan Legislators Introduce COVID Relief Plan

18:50  01 december  2020
18:50  01 december  2020 Source:   newsweek.com

Economists are calling for more stimulus checks. Here's where assistance plans stand

  Economists are calling for more stimulus checks. Here's where assistance plans stand As coronavirus stimulus aid has stalled, one group of prominent economists is calling for a second set of stimulus checks to help ease Americans' burden.But lawmakers on Capitol Hill still need to work out their differences before they can approve another coronavirus stimulus package that will trigger those payments.

There are no concrete plans for another stimulus check to go out during the pandemic. The plan would need to pass a House vote before proceeding to the Senate and the White House to become law. The Coronavirus Aid, Relief , and Economic Security Act, which set into motion the current round of

Members of Congress are already talking about the next relief package. What should be in it? Another way to prevent the number of uninsured from skyrocketing is to expand Medicaid, as Black and Hispanic Americans appear to be dying of Covid -19 at rates far higher than white Americans, as

Congress only has weeks to pass another relief package before the end of the year and a new proposal from a group of bipartisan lawmakers would bring relief to people, but not in the form of direct payments.

text, letter: President Donald Trump's name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29 in Washington, D.C. On Tuesday, a group of bipartisan legislators unveiled their plan for another round of relief but it does not include another direct payment. © Chip Somodevilla/Getty President Donald Trump's name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29 in Washington, D.C. On Tuesday, a group of bipartisan legislators unveiled their plan for another round of relief but it does not include another direct payment.

On Tuesday, Democratic and Republican senators and representatives, as well as independent Senator Angus King, announced a plan for another round of relief. Their $908 billion package includes state and local aid, expanded unemployment insurance, support for small businesses and help for those with student loans.

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  Stimulus Figureheads McConnell and Pelosi Under Fire, Eight Months Since Senate Passed CARES Act A stalemate over a further relief package continues, with differing stances blocking the passage of a deal through Congress.While there has been support on both sides of the aisle for further stimulus amid the COVID-19 crisis in some form, disagreements on the specifics of such action have led to a prolonged stalemate over measures being agreed upon.

COVID -19 has already forced millions of Americans out of work and caused countless businesses to close their doors. Given that housing is the typical American's largest monthly expense, it would certainly spell relief , especially in the absence of a second round of stimulus checks .

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"Everything that's going to come to a halt in December because of the timing is not going to happen," Senator Joe Manchin said. "We intend to move this forward after months of failure to act ... We know what's necessary now in a timely fashion."

The plan combines measures that Republicans and Democrats want and focuses on items that are due to run out at the end of this month. However, the plan does not include another round of stimulus checks.

The stimulus checks issued earlier this year cost about $290 billion, and some economists urged Congress to pass a measure that would send out recurring direct payments until the economy recovers. In the open letter published on November 23, they wrote that the stimulus checks would help people pay their bills, rent or mortgage and put food on the table. They added that direct payments would be an "essential tool" to keep the number of people in poverty from rising and boost consumer spending.

What Has Senator Lindsey Graham Said About a Second Stimulus Check?

  What Has Senator Lindsey Graham Said About a Second Stimulus Check? Senator Lindsey Graham's potential support for a larger stimulus package could bode well for those hoping for another stimulus check.It's been eight months since Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, but the unity that made that relief possible has been absent from Capitol Hill. Many Senate Republicans are backing a smaller, targeted package, while Democrats have long wanted a more substantive, higher price tag package.

More Coronavirus Stimulus Plans Are In The Works. So, what could a potential second stimulus check program look like? On May 12, House This stimulus plan includes a second round of ,200 payments to individuals, in addition to expanded unemployment benefits, free COVID -19 treatment

Agreement on stimulus check , but not stimulus bill. Stimulus -bill talks between Democratic While Democrats and Republicans seem to concur that another batch of direct payments is needed, there Per Forbes, economists at Wells Fargo Securities believe there is only a one-in-four chance that the

Both political parties are pushing for more relief, but remain divided on what a package should look like and the price tag that should come along with it. Democrats are eying a larger proposal in the $2 trillion range, an amount that some Republicans, who support a $500 billion package, consider far too high and object to some provisions included in the bill that aren't directly related to the pandemic.

Democrats, on the other hand, criticized Republicans for pushing a package that was barely a bandaid on a bullet wound and lacked a sufficient response to the health crisis. Speaker of the House Nancy Pelosi has stood firm in passing a package that properly addresses the issues the pandemic created, but now faces some pressure to back a package based on areas of agreement and then tackle outstanding issues later.

Senator Mitt Romney called himself a "deficit hawk" on Tuesday and appeared to ease the minds of his colleagues by saying that $560 billion of the bipartisan proposals' price tag was repurposed from the CARES Act that passed in March. The remaining $348 billion would be new funding, though no specifics were presented by the group as to where the money would come from.

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House Democrats have unveiled a new coronavirus stimulus bill. This time, ,200 checks are still The big question over whether Congress will pass another coronavirus stimulus bill is , will they or They are hoping for more relief , including expanded federal unemployment benefits and a second

House Democrats announced a sweeping new Covid -19 stimulus bill on Tuesday with a price tag expected But there are a number of potential significant sticking points to any bipartisan agreement on another He reiterated that if there is no agreement, Democrats will proceed with their own plan .

The largest amount of funding, $288 billion, is allocated to support small businesses, including another round of the Paycheck Protection Program. They also allocated $82 billion for education and $45 billion for transportation, including airlines, which have expressed grave concern about their industry as travel is down significantly from last year.

table: A chart shows how funding for a bipartisan package will be allocated. Newsweek © Newsweek A chart shows how funding for a bipartisan package will be allocated. Newsweek

Bipartisan legislation may seem to be a hopeful sign that an agreement is possible, but it's not the first time legislators tried to bridge the divide. The Problem Solvers Caucus, a group of 50 Democratic and Republican representatives, released a framework for a relief package in September.

The $1.5 trillion package included funding for testing and health care, another round of stimulus checks, expanded unemployment benefits and assistance for small businesses. It also included state and local aid, a necessity for Democrats, and liability protections, a big point for Republicans.

However, months later, a bipartisan package has yet to come to fruition and the Problem Solvers Caucus co-chairs Representatives Tom Reed and Josh Gottheimer, said in a statement on November 18, "We cannot delay any longer."

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"After meeting with senators from both parties and Administration officials this week, it is clear that there is an opportunity to get bipartisan, urgently-needed assistance to American families and small businesses," the co-chairs said.

On Tuesday, Gottheimer called the package a win for the American people in terms of "common sense and problem solving." He thanked his colleagues and said his caucus was "proud" to endorse the package, putting 50 members of the House of Representatives behind it.

Legislators only have weeks to pass another package before the end of the year, raising concerns over whether more relief was even possible. Without action on the part of Congress or President Donald Trump, borrowers will have to resume paying their student loans in January, expanded unemployment insurance will run dry and an eviction moratorium will lift.

On Tuesday, legislators who worked on the bill acknowledged that people on both sides of the aisle won't be fully happy with the package, but said it was inexcusable to leave Washington, D.C. without a deal, as the American people they represent continue to struggle.

Related Articles

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  • As Economists Push for Second Stimulus Check, Pelosi Faces Pressure to Support Targeted Relief Package
  • Stimulus Check May Boost Americans' Holiday Spending, but Is It Possible People Will Receive One Before Christmas?

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Trump is holding out on supporting the $908 billion COVID-19 stimulus bill despite more lawmakers rallying round it .
After a press conference, the White House clarified that Trump does not support the $908 billion compromise bill, and instead wants a smaller one.The plan, written by a group of lawmakers from both parties, has gained support from leading Democrats and some GOP senators as pressure builds to provide a second round of relief in the pandemic.

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