The IRS has already sent millions of eligible people their second direct payment of up to $ 600, but while this is happening, Joe Biden, yesterday called for a $ 2000 stimulus check. When could it be approved?
After winning the Georgia run-off race, Democrats will simultaneously control the House of Representatives, the Senate, and the White House. When could the increase to the stimulus checks that the party had promised arrive?
President-elect Joe Biden yesterday tweeted one more in favour of a $2000 stimulus check, and now that his party will be the majority in the House of Representatives and the Senate, it might be easier for the next president to get his next proposal for a third stimulus check approved.
Of course, it must be taken into account that despite the majority that Biden has in both houses, he still needs the votes of all Democrats for his proposals to be approved, and for now, the Democratic senator from West Virginia, Joe Manchin, said he is "absolutely" opposed to approving a check for $ 2,000.
On the other hand, some Republican senators, like Josh Hawley, previously supported the idea of handing out checks for $ 2,000, so they could end up supporting the new president's proposals.
How quickly would a third stimulus check payout?
A third stimulus check is unlikely to pass before the end of January, as Joe Biden and new vice president Kamala Harris will take office on January 20; and the new Democratic senators (who will give the Democratic party the majority) will take office on January 22.
This means that if Congress and the incoming Biden administration unite and successfully pass a third stimulus check quickly, it will likely be issued in February at the earliest, according to Yahoo!
Additionally, while lawmakers have proposed a $ 2,000 stimulus check, they have also not made clear whether the third stimulus check would have a full $ 2,000 or if it would be for $ 1,400 to add to the second $ 600 stimulus check.