A PROPOSAL backed by Kamala Harris and Bernie Sanders could see families of three receiving $50,000 stimulus checks in the unlikely event that the bill passes.
Harris, Sanders, Kirsten Gillibrand (D-NY) and Ed Markey (D-MA) proposed the Monthly Economic Crisis Support Act back in May, which would provide $2,000 each for married couples and up to three children.
The proposal is highly unlikely to pass, but technically is still on the table.
Under the proposal, a lump sum would be provided, retroactive to March, so families would receive five months' worth of payments.
The amount paid would also increase: $2,000 per individual, for up to three children, for those who have adjusted gross incomes below $100,000 for individuals or $200,000 for couples.
The fact that the proposal is still on the table was highlighted by celebrity media outlet PopCulture.
Negotiations over a second stimulus package have stalled after Congress went into recess.
It means Americans waiting patiently for their promised $1,200 stimulus check have to hold tight for at least another month after Congress went into recess without a deal.
Stalled negotiations could now resume in September, despite Treasury Secretary Steven Mnuchin saying Republicans have the backing from President Donald Trump to ensure payments would be made in August.
It's bad news for those anxiously awaiting their $1,200 coronavirus stimulus checks.
The Senate and House of Representatives have now both adjourned until September, meaning a deal may not be reached until October.
The Senate will get back to work on September 8 and The House of Representatives on September 14.
So a question remains over when the payment will come through given the stalemate between the political parties.
Members of Congress are needed to vote on a stimulus package in person.
Trump said recently on Twitter: “I have directed @stevenmnuchin1 to get ready to send direct payments ($3,400 for family of four) to all Americans. Democrats are holding this up!”
Republicans have slammed Democrats for not hitting the president’s $1 trillion target for the cost of the package which has stalled in the Senate.
Democrats had initially proposed a $3.4 trillion package that would provide the checks – which House Speaker Nancy Pelosi said would be adjusted if the GOP would compromise at $2 trillion.
But Democrats and Republicans have not yet come to an agreement on a package as they've had difficulty seeing eye to eye on state and local funding, liability protection, unemployment benefits, and school funding.
CNET indicates that by its calculations, the earliest the IRS could deliver the second check would be the week of September 21.
But that hinges on the Senate passing the final negotiated bill on September 8; the House passing it on September 9, and the President signing the bill one day later, on the 10th.
When Republican Senator Pat Roberts was questioned by CNN on Thursday about the possibility of a bill being passed before next month, he said: "An actual law?
"I don't know. Maybe that's too much to ask."
According to CNBC, Senator Roy Blunt suggested a pandemic relief legislation wouldn't happen until September 30.
Last Wednesday, Senate Majority Leader Mitch McConnell accused Pelosi of taking the health system "hostage" during the coronavirus crisis for adding funding for non-coronavirus related issues to the package.
“Taking our health system hostage over longtime, non-COVID-related, liberal demands,” McConnell said.
The recess was technically supposed to begin earlier this week, but McConnell kept the chamber in session in a final attempt to get some sort of package passed.
With Democrats and Republicans still butting heads, Senators argued there was little reason to remain in DC with no progress being made, according to The Hill.
Both parties are reportedly on board with sending eligible Americans another round of $1,200 stimulus checks, similar to the ones sent in March as part of the CARES package.
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