Search
Home

Well, the short answer is, possibly never.

Although, you still may get $600 immediately.

Treasury Secretary Steven Mnuchin said on Tuesday that the Treasury and the IRS are working with “unprecedented speed” to issue the second round of payments.

If you received the first stimulus via direct deposit, you may wake up to an extra $600 in your bank account immediately.

The direct deposits will continue into next week, while paper checks will be mailed out beginning today.

Your most recent tax return determines your eligibility for the stimulus payment. If you made under $75,000 as an individual or $150,000 as a couple you would qualify.

However…

As you may have heard, last Sunday when President Trump signed the $900 billion COVID relief bill AND the $1.4 trillion “omnibus” spending bill to fund the government through September 30th next year, he asked Congress to increase the payment to $2000 per individual.

On Monday, the Democrat-led House of Representatives said yes to that and passed a measure to increase stimulus payments to $2,000.

BUT Senate Majority Leader Mitch McConnell has the authority to decide what the Senate votes on, and yesterday he declined to bring that measure to the floor for a vote.

Instead, he came up with a new option, based on key demands from President Trump.

The stimulus payments can be increased to $2,000 but ONLY if a commission is established to investigate the 2020 election ,AND a law, known as Section 230, which protects social media companies such as Twitter and Facebook from lawsuits is repealed.

However, CNN reports (so take that however you wish) “McConnell’s legislation has no chance of getting the 60 votes needed to pass the Senate, let alone clear the Democratic-controlled House, which on Monday passed what was known as the CASH Act. The measure simply increased the payments to $2,000 from $600, as Trump called for.”

Senate Democrat Leader Chuck Schumer of New York called McConnell’s alternative “a cynical gambit” and “a blatant attempt to deprive Americans of a $2,000 survival check.”

“Senator McConnell knows how to make $2,000 survival checks reality and he knows how to kill them,” Schumer said. “If Senator McConnell tries loading up the bipartisan House-passed CASH Act with unrelated, partisan provisions that will do absolutely nothing to help struggling families across the country, it will not pass the House and cannot become law.”

“To block you from getting $2,000, Mitch McConnell is demanding a ‘commission’ to spew lies about the election Trump lost and attack democracy,” Rep. Bill Pascrell Jr., D-9th Dist., said on Twitter. “This is a goddamn disgrace. The depravity of Republican leaders has no bottom.”

Um…yeah. What do you think? The government is already printing $2.3 trillion to fund all this stuff as is. Our national debt is $27 TRILLION.

Where does this end?

Maybe best not to think about that now.