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Is A Second Coronavirus Stimulus Payment on Its Way?

Here's what we know so far.

President-elect Joe Biden has won the Presidency, and sitting President Donald Trump will be out the door on January 20, 2021. Voters might be wondering whether or not they can expect to see more stimulus checks and federal assistance before Trump leaves office in a few months. Typically, this period when one president is about to be out the door after the election and another about to step in and take over the reins of running the country.

It’s also typically a period where the sitting president, in this case, Trump, usually doesn’t get that much done before he’s out of the office for good. For that reason, it’s hard to say whether or not the GOP will work hard to ensure another stimulus bill passes before Biden is inaugurated. So, when can voters expect another round of stimulus checks, and what’s happening with stimulus negotiations now that Biden will be taking office? 

Do Politicians Want To Pass Another Stimulus Bill?

On November 4, Senator Mitch McConnell said in a press conference that he wanted another stimulus package to pass before January 1, 2021, signaling that even though Trump will be out the door shortly, he’s interested in stimulating the economy soon. 

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  1. What do you want the president to prioritize in the next four years?
    Coronavirus
    Paid leave and child care
    Healthcare
    Climate change and the environment
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What Will The Stimulus Package Entail?

Right now, it’s hard to say what another stimulus package would entail. There are suggestions that McConnell would simply re-introduce the package he proposed in October, a $500 billion plan that included more PPP (Paycheck Protection Program) funding and would extend unemployment insurance. It would also give money to hospitals and schools which have been hard hit by the pandemic. 

Democrat House Speaker Nancy Pelosi will likely balk at the funding amount — having proposed a $2.2 trillion package that would include much more funding for another round of $1,200 stimulus checks, the aforementioned unemployment benefits, funding for states to process unemployment claims, $5 billion in homeless assistance grants, $1 billion in vouchers for those at risk of homelessness, $4 billion to public housing agencies, and $50 billion in emergency assistance to lower-income renters.

Education and child care would also receive funding — some $57 billion alone would go to child care centers, an industry that is on the verge of collapse since the pandemic hit hard, more PPP funding, and food assistance through the Supplemental Nutrition Assistance Program (SNAP), Women’s, Infants and Children (WIC), and the Emergency Food Assistance Program (TEFAP). The bill Democrats have proposed is very unlikely to be passed, and would likely have troubles passing even under a Biden presidency if Republicans retain control of the Senate after the Georgia run-off. 

Will Stimulus Checks Be A Part of The Passed Package?

It’s hard to say. McConnell’s $500 billion plan initially omitted another round of stimulus checks, but experts think that stimulus checks will likely be a part of any package that is passed, as it might be non-negotiable for some lawmakers. But even if it is a part of the package, Americans can likely expect not to receive up to $1,200 in checks and $500 for dependents until early 2021. The final stimulus package will still probably be slimmed down, but will still likely include direct payments to hard-hit Americans.