Third stimulus check: Biden calls for $1,400 payments

Tertiary stimulus check: Biden calls for $1,400 payments

Joe Biden makes a fist pump while standing in front of two American flags.

(Image credit: Stratos Brilakis/Shutterstock)

A third stimulus bank check worth $i,400 is included in a new relief plan proposed by President-elect Joe Biden on Thursday (January. 14). The $1.nine trillion bundle volition look to supplement the $600 second stimulus check to bring a total of $2,000 to eligible Americans.

The President-elect, who will take office next Midweek (Jan. 20), also broadened the eligibility guidelines in his "American Rescue Plan." He suggests that dependents up to age 23, as well every bit senior parents living with developed children, should qualify families for boosted $1,400 payments.

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That ways that every American who earns less than $75,000, or is a dependent of someone who earns less than $75,000, would exist eligible for the 3rd stimulus check.

"Nosotros volition finish the chore of getting a full of $2,000 in greenbacks relief to people who need it the most," said Biden while unveiling his relief plan. "The $600 already appropriated is simply not plenty."

How we got from $600 to $two,000

For several months following the showtime, $1,200 stimulus cheque last spring, lawmakers struggled to reach a compromise on a second relief program and a 2nd round of direct payments. In the last days of December, a $900 billion bipartisan bill was finally passed, simply with $600 stimulus checks rather than $1,200 ones.

During that prolonged menstruum of argue, some left-wing House Democrats proposed $2,000 stimulus checks, a number that had not previously been discussed.

President Trump soon seized on the thought and vowed not to sign the second stimulus bill until payments were increased to that amount, but relented nether pressure from congressional leaders.

The Democrat-controlled House quickly approved a standalone measure that would heave the $600 payments in the December bill to $2,000. Senate Bulk Leader Mitch McConnell (R-Kentucky) didn't quite shoot that beak down when information technology reached his chamber, but he attached proposals to it he knew Democrats could not vote for, effectively killing the effort.

Subsequently Inauguration Day, Democrats will take a razor-thin reward in the Senate, but may non accept enough to pass a spending bill without some Republican back up.

Biden hopes come across his new programme eligible for a signature early in his presidency. Nevertheless, he did say in his speech Wed that it might not exist easy for lawmakers to agree on legislation, but that stimulus checks are a top priority.

Kate Kozuch is a senior author at Tom'south Guide roofing wearables, TVs and everything smart-home related. When she'south not in cyborg mode, you can observe her on an practice bike or channeling her inner celebrity chef. She and her robot ground forces will rule the world one day, but until and so, reach her at kate.kozuch@futurenet.com.