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Biden's Plan Includes Additional $1400 Stimulus Checks


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    Biden’s $1.9 trillion relief plan calls for stimulus checks, unemployment support and more

    Biden's plan, the American Rescue Plan, is a relief package that does a lot of things. This thread is focusing on the direct payment part of it, which includes an additional $1400 stimulus check (a third check) to go with the latest $600 check, to bring the total up to $2000.

    This is just one of two spending bills the Biden administration is looking to enact right away. Expectation is for this to be introduced very soon after inauguration, and as a really good chance of passing mostly as is.

    It also includes raising the minimum wage to $15/hr, among many other things.

    So while $600 felt something like a little insulting to those suffering, $2000 in total seems quite helpful. And hopefully it makes a significant difference for everyone struggling economically right now.

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    I'm 100% in favor of this, but I wouldn't start spending too much time planning what you will be spending this money on anytime soon. I think the main reason Mitch McConnell didn't bring this up for a vote in the prior rounds of stimulus negotiations is because he didn't have the votes in his conference to make it happen. I have no doubt he would have if 8-10 Republicans were in favor of it.

    However, it could still happen if President-elect Biden and Senate Democrats are able to move this package through Congress using reconciliation. I won't bore anyone with the details, but reconciliation allows *certain* bills that have to do with "spending, revenue, and the federal debt limit" to be passed with a simple majority in the Senate. But, and this is a pretty big but, the Senate can only pass one bill that has to do with each (spending, revenue, debt limit) each year.

    It's certainly not unheard of considering that's how Obamacare and Trump's tax cuts were passed, to name two recent uses.

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    Wow, yeah I did read somewhere that it would be $2000, but I thought it was just another check for $2000. But that makes sense now that I'm looking at it. I think this has a definite possibility of passing since the Democrats have the majority in the big three this year. I have a feeling though, we won't see any movement on this until after Biden gets settled in office.