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Added on the 29/12/2020 20:49:59 - Copyright : Wochit
Senate Majority Leader Mitch McConnell is now backing $600 COVID-19 stimulus checks. What changed his mind? Business Insider reports that opposing stimulus checks was hurting them in Georgia, according to The New York Times. Citing a private call, the NY Times said McConnel described said Sens. Kelly Loeffler and David Perdue "getting hammered" on the issue. The Georgia runoffs on January 5 will decide the balance of power in the Senate. Checks of $1,200 were sent out earlier in the year. The checks dropped off the radar in the latest negotiations until coming roaring back this week.
The second round of stimulus checks began rolling out through direct deposit this week. The Internal Revenue Service says the Get My Payment tool is for checking the status of your payment. The tool itself should become available “in a few days", according to Gizmodo. The agency said that the $600 stimulus checks are for qualifying U.S. adults. Paper checks would be mailed beginning Wednesday. Adults with an adjusted gross income of up to $75,000 are eligible for individual payments of $600.
The second round of stimulus checks from the US government are going out this week. Business Insider reports the checks will pay up to $600 each, or $1,200 per married couple, plus additional funds for children. According to Congress's bill authorizing the payments, most of the direct cash payments will be sent to qualifying Americans by January 15. To track your payment, visit the 'Get My Payment' section of the IRS website at www.irs.gov/coronavirus/get-my-payment Direct deposits and paper checks are arriving this week.
$900 billion stimulus package is on its way to President Donald Trump. Trump is at his Mar-a-Lago resort in Florida. Business Insider reports that Trump hates the massive 5,593-page bill. The bill includes the $1.4 trillion omnibus spending bill. The president called the bill a "disgrace" earlier this week and demanded an increase in direct payments from $600 to $2,000. On Thursday, House Democrats moved to advance Trump's bid for $2,000 stimulus checks but Republicans shut down their efforts.
Trump threatened late Tuesday to veto the $892 billion coronavirus relief bill approved by Congress. This may delay aid for millions on the cusp of eviction and about to lose unemployment benefits. Trump said the bill did not provide enough support for small businesses. He also asked Congress to increase stimulus checks to individuals to $2,000. He called the current offer of $600 for most Americans “ridiculously low”. Nancy Pelosi agrees with Trump and many Democrats are on board to increase the stimulus checks.
At long last, a new coronavirus stimulus package is finally set to be passed by the US Congress. The last one expired at the end of July. Business Insider reports the long-awaited package will reportedly contain $600 stimulus checks and an extra $300 in weekly unemployment benefits. While the House has passed multiple bills that would have offered more to Americans, the GOP-controlled Senate has balked until now. However, the deal hasn't been well-received in the Twitterverse, and has produced references to class warfare and revolution. 'Let them eat cake' trended on Twitter in response to the apparently inadequate $600 stimulus check. It's a famous utterance attributed to Marie Antoinette, representing the out-of-touch monied, ruling class overthrown in the French Revolution.
Marco Rubio of Florida urged President-elect Joe Biden to put $2,000 stimulus payments at the top of his agenda. The Florida senator supported the Caring for Americans with Supplemental Help Act that passed in the House on Dec. 28. Rubio begged Biden work past partisan motives to get $2,000 payments to Americans. According to Business Insider, Biden previously expressed support for $2,000 stimulus checks. They are expected to be included in his economic relief package releasing on Thursday.
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