The results of struggling to eat, and , the most urgent concern could be when to pass a new with a new stimulus check for individuals and families.might have a big impact on a lot of things, including and . But for those who are
House Speaker Nancy Pelosi has said she wants to approve a stimulus package in the post-election “lame duck” session before the new Congress starts in January. But on Monday, she suggested that if Democrats gain control of Congress and the White House, they will be able to approve a biller bill with more funding to an array of programs. Senate Majority Leader Mitch McConnell has made a push to table stimulus legislation until 2021.
“I think that’ll be something we’ll need to do right at the beginning of the year,” McConnell said on the Hugh Hewitt radio show Oct. 30. Though McConnell didn’t mention another direct payment, other Washington lawmakers (and ) still support of a of for most and more .
There are five major ways that the results of the election might impact a second stimulus payment, which we detail below. This story was recently updated.
The election results may decide when a new bill could come together
How eager Democratic and Republican negotiators are toon a new stimulus proposal could have everything to do with who wins what. Who becomes president and which party takes control of the House of Representatives and the Senate could motivate legislators to either strike a deal soon or wait for next year.
“The motivation level on both sides will depend on how the election comes out,” said Senate Republican Whip John Thune, The Hill reported Oct. 30.
The majority party could keep or drop a stimulus check
If Democrats win both chambers of Congress plus the White House, a new stimulus package could look very different from one that required bipartisan support. For example, a large package could pass a Democratic-controlled Congress that included, money for . Or, with a split Congress, a much narrower bill to bring targeted aid to programs considered critical could make it through before the inauguration, which might mean that a separate stimulus package could potentially come in early 2021. Right now we have to wait and see.
Election results could decide when a bill with a stimulus payment is voted on
Senators, representatives and President Donald Trump have all said they. But exactly when after the election is the question. There are two time periods of note. The first is the lame duck session from Nov. 4 to Jan. 3, when the new Congress starts. The other is after the presidential inauguration on Jan. 20.
McConnell said Oct. 30 that he favors working on more relief after Jan. 20. Trump has promised “a tremendous stimulus package immediately after the election,” if Republicans sweep Congress and the presidency. Pelosi has said she wants “a clean slate” if Biden wins the presidential election. The new term of Congress convenes on Jan. 3, which could also change the political makeup of the Senate and the House of Representatives, a shift that could affect whether a bill is supported or opposed.
The winner could influence the timeline for sending a check
Once again, there are two issues to consider when we think of. The first is that the makeup of the incoming Congress and presidency could either buoy current leaders or potentially cause them to dig in their heels until the official swearing-in of the new term. That might mean a check would be approved closer to December, or later, in January or February.
Then there’s the question of how long it will take for the IRS to mobilize the first wave of stimulus checks, as well as payments for other groups, once a bill allocating more direct payments is approved. Learn more about thethat helped determine when you got your first payment.
A new stimulus bill could change check qualifications multiple ways
Democratic and Republican negotiators both want to makefrom the , but have different ideas about what should change.
For example, the Democratic proposals 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. The issue is under current legal review.
New eligibility rules could get you a bigger, or smaller, payment
New qualifications might dictate a new total amount of stimulus payment for you. We’ve made some calculations to. In addition to changes in a bill that would show up in your next direct payment, there may be changes to your life circumstances since last 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 .