Finance

Second Stimulus Check

Second Stimulus Check Updates

January 6, 2021

Senate Minority Leader Schumer said today:
“One of the first things that I want to do is deliver the $2,000 checks to the American families.”

12/31/20

“Socialism for the rich” was the hot topic today. It was first brought up by Mitch McConnell during the Senate’s New Year’s Eve session.

“Socialism for rich people is a terrible way to help the American families that are actually struggling” ~McConnell

Sanders responded to Mitch McConnell with a list of examples of big tax breaks for the rich.

“Under that bill Charles Koch, one of the very richest people in America, he has a net worth of $113 billion, that bill gave Mr. Koch a $1.4 billion tax break” ~Sanders

12/30/20

Bernie Sanders asked if McConnell would add the $2,000 checks vote to follow the NDAA override vote tomorrow – McConnell said “no”

12/29/20

U.S. Department of the Treasury’s press release – “Treasury and IRS Begin Delivering the Second Round of Economic Impact Payments to Millions of Americans”

“The initial direct deposit payments may begin arriving as early as tonight for some and will continue into next week.”

12/29/20

Mitch McConnell blocks Senate Democrats’ efforts to unanimously pass a House measure to up the stimulus checks to $2,000 from $600. No explanations are given.

https://twitter.com/realDonaldTrump/status/1343998076084748288

12/28/20

The House of Representatives passed a measure to increase stimulus checks on Monday. The legislation passed with a 275-134 vote. The Senate votes tomorrow.

12/28/20

US House, Senate to vote on $2,000 relief checks as a standalone bill.

12/27/20

Trump signs the coronavirus relief package. His $2,000 demand was not met. It will avert a government shutdown that was set to begin on Tuesday.

12/26/20

Biden releases a statement – “Statement by President-elect Joe Biden on the Need to Sign the COVID-19 Economic Relief Bill” (Read here)

12/26/20

Trump makes a number of tweets about wanting to give Americans $2000

https://twitter.com/realDonaldTrump/status/1342835233306124288

12/25/20

House Reps. Rashida Tlaib, Alexandria Ocasio-Cortez, Ilhan Omar, and Ayanna Pressley joins House Rep. Pramila Jayapal to introduce a bill that would increase the relief payments from $600 to $2,000

12/24/20

House GOP blocks bid for $2,000 stimulus checks

  • House Democrats
    “To vote against this bill is to deny the financial hardship that families face and to deny them the relief they need”
  • House Republicans
    “House Democrats appear to be suffering from selective hearing. They have conveniently ignored the concerns expressed by the President, and shared by our constituents, that we ought to reexamine how our tax dollars are spent overseas while so many of our neighbors at home are struggling to make ends meet”

12/24/20

Nancy Pelosi announces that on Monday, the House will hold a vote on a stand-alone bill to increase economic impact payments to $2,000

Read Pelosi’s statement: Pelosi Statement on House Republicans Blocking Unanimous Consent Request to Increase Economic Impact Payments

12/23/20

House Minority Leader Kevin McCarthy says Pelosi can’t get a unanimous vote on $2,000 stimulus checks

  • Remove tax dollars spent overseas
  • To offer a proposal for unanimous House action on Thursday

12/22/20

House Speaker Nancy Pelosi responds to Trump’s $2,000 check speech

Republicans repeatedly refused to say what amount the President wanted for direct checks. At last, the President has agreed to $2,000 — Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!

Nancy Pelosi via Twitter

12/22/20

Trump demands $2,000 stimulus checks for the American people

https://twitter.com/realDonaldTrump/status/1341537886315950080
Trump’s speech on extraneous spendings & $2,000 checks

Wasteful items mentioned in Trump’s speech

  • Kennedy Center – $40,000,000
  • Smithsonian – $1,000,000,000
  • National Gallery of Art – $154,000,000
  • National Arts & Humanities – $167,000,000
  • W. Wilson Center – $14,000,000
  • Cambodia – $85,500,000
  • Burma – $134,000,000
  • Egypt – $1,300,000,000 (buys Russian military equipment)
  • Pakistan – $25,000,000 (democracy & gender programs)
  • Belize, Costa Rica, El Salvador, Guatamala, Honduras, Nicaragua, Panama – $505,000,000
  • Reef Fish Management – $7,000,000
  • Asian Carp Management – $25,000,000
  • Amberjack Fish Count – $2,500,000
  • Poetry Production Technology – $3,000,000
  • Research the Impact of Down Trees – $2,000,000
  • FBI Facility Constructions – $566,000,000
  • Illegal aliens – $1,800 per person

12/21/20

  • Congress approves a $900 billion stimulus bill (coronavirus aid bill) that includes a second stimulus check
    • $600 per adult & child (under the age of 17)
    • $5 less for every additional $100 of income starting at $75,000 – $99,000
    • Will be sent via direct deposit or mailed (check or debit card)

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