Would there be a third stimulus check in 2021, if a second payment happens this month?

Would there be a third stimulus check in 2021, if a second payment happens this month?

Hopes are climbing that a second stimulus check will make it into the final stimulus package of 2020. It isn’t a done deal yet, as negotiators continue to deliberate the finishing touches of a bipartisan COVID-19 relief bill that could get a vote as soon as this week. Yet signs already point to the second stimulus check topping out at $600 per person, or half the $1,200 provided to eligible adults in the first stimulus check.

Part of the reason we could see a second stimulus check in the package now — after weeks of proposals that excluded another direct payment — is that Republicans and Democrats seem willing to pause their debate on some programs for the time being. The intention is to pick them up again in perhaps a more sweeping package in 2021.

“We all know the new administration is going to be asking for another package,” said Senate Majority Leader Mitch McConnell on Tuesday. We can live to fight another day on what we disagree on, but we all agree to go forward on what we can agree on. That’s the way forward.”

This raises the question: if Congress approves a $600 stimulus check in 2020 and a larger stimulus package comes in 2021, is there a chance Americans could see a third stimulus check next year?

It’s a serious consideration, as new reports come to light amidst the ongoing coronavirus pandemic. More than 8 million people have fallen into poverty since the summer, the Washington Post reports, citing a new joint study. Over 189,000 new positive COVID-19 cases have been reported daily as part of a seven day average, according to the COVID Tracking Project. And once again, 3,000 people have died in a single day.

As the first vaccine for COVID-19 is being administered, health officials forecast it’ll take months for the majority of the population to get immunized.

Here’s what we know now about stimulus checks in 2021, depending on what happens in the near future. We recently updated this story with new information…Read more>>



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