Joe Bidenas president-elect of the United States. But Biden won’t step into the role of 46th US president until the Jan. 20 inauguration — 74 days away — which also means he won’t have direct influence over COVID-relief until then. However, the shift in administration and mood in Washington could for before then, and whether or not .
Before his speech, Biden already, which includes an economic impact payment of and a boost in .
It’s unclear exactly how Biden’s victory over President Donald Trump, or senatorial runoffs in Georgia — which could decide if Democrats or Republicans control the Senate — will affect the path of , but it’s almost guaranteed to have an impact on , and on whether more direct payments are included in the bill or cut out.
Here are some possible scenarios for the current proposal, a new proposal and what might happen if there’s no resolution on a stimulus bill by the inauguration. (And here’sif no bill is passed before 2021.)
The $1.9 trillion White House package could be off the table
The the best stimulus package you’ve ever seen” on the condition he won re-election and Republicans controlled the Senate and House of Representatives.that was is now called into question after Trump’s loss. The president said on Oct. 27 that he’d deliver “
By Friday, the administration seemed to change its tune.
“Sen. McConnell and for that matter President Trump, and (Treasury Secretary Steven Mnuchin) and I and the others … we would like to negotiate a package,” White House economic advisor Larry Kudlow said, The Chicago Tribune reported. “It would still be a targeted package to specific areas. We’re not interested in two or three trillion dollars.”
This package included aand some that could have helped to get .
Senate could offer a new proposal, with or without a direct payment
The Republican-controlled Senate returns to Washington on Monday to complete its term before new members are sworn in Jan. 3. Senate Majority Leader Mitch McConnell last week reversed course and called for a narrow package to pass by the end of 2020, after previously saying it should come in 2021.
“We need another rescue package … I think we need to do it and I think we need to do it before the end of the year,” McConnell said Nov. 4, calling passage of a relief bill “job one.”
While pundits think McConnell will seek to push through a targeted deal without a stimulus check, the, which he sought to pass, included a $1,200 direct payment and additional money for families with .
Meanwhile, Speaker of the House Nancy Pelosi, speaking for Democrats, rejected the idea of a smaller bill on Friday. “That isn’t anything that we should even be looking at,” she said.
A bill of some sort could pass before Dec. 31, 2020
Republicans and Democrats in the House and Senate say they’re motivated to pass a bill before year’s end, but they have deeply divided visions for what that will look like. It’s also possible that at least some aid could squeak through before the end of the year as part of a Dec. 11 bill to keep the government from shutting down.
As Senate leader, McConnell decides when to bring legislation to a vote. His new statement may signal one less hurdle to pass a bill, but another stimulus check still isn’t guaranteed to be part of it.
Trump will need to sign any bill for it to become law.
Or it might wait until after Biden’s Jan. 20, 2021 inauguration
If a stimulus package with a stimulus check isn’t agreed on, or passed in both chambers and Trump were to veto, the new Congress and White House administration could try again in late January after Biden is sworn-in as president.
A senatorial run-off in Georgia could potentially give Democrats control over the Senate, in addition to the House, creating a scenario in which they might be able to push a larger stimulus package through. But if Republicans keep their majority in the Senate, any proposal would have to receive bipartisan agreement to have a chance to pass. Until that happens, there won’t be a second stimulus check.
Some qualifications might change or stay the same, but…
Democratic and Republican negotiators both want to makefrom the , but they have different ideas about who should .
The Democratic proposals, for example, support sending certain undocumented immigrants to the US who pay taxes the same $1,200 stimulus check afforded to , as well as . They’d also either broaden the to include college students and , or else approve of $1,000 per child dependent instead of $500 apiece. There may also be changes to .
It’s also possible a new bill could clarify if people. That issue is under current legal review.
New qualifications could get you a bigger or smaller payment
New qualifications might dictate a new total amount for each stimulus payment. We’ve made some calculations to. In addition to changes in a bill that would affect your next direct payment, there may be changes to your life circumstances since April that could alter the size of a second check, in either direction. For more details, this is how would be.
For more information about stimulus checks, here’s what to doand how to .