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EXPLAINER: COVID relief bill signed by president, $2,000 checks still up for debate

Updated: Dec. 29, 2020 at 8:20 PM EST
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COLUMBIA, S.C. (WIS) - Sen. Mitch McConnell blocked Democrats’ efforts to quickly pass a bill that would give some Americans $2,000 checks.

But it’s not off the table.

President Donald Trump’s demand to increase the stimulus checks some Americans are set to receive from $600 to $2,000 has Democratic support, but it is unclear whether it will garner enough Republican support to pass.

What does all this mean and what do we know at this point?

  • On Sunday, President Trump signed a $2.3 trillion bill with two major parts
Here's a breakdown of the COVID Relief Bill and what it could provide.
Here's a breakdown of the COVID Relief Bill and what it could provide.((Source: WIS))
  • $600 direct payments for some Americans have already been signed into law
Here's a breakdown of the COVID Relief Bill and what it could provide.
Here's a breakdown of the COVID Relief Bill and what it could provide.((Source: WIS))
  • The bill that passed includes a second round of the Paycheck Protection Program (PPP)
  • Small business loans available to people who have already received a PPP loan and those who are applying for the first time
  • Businesses with fewer than 300 employees
  • Can prove they had a 25% loss in profits in 2020 as compared to the same quarter the year prior
Here's a breakdown of the COVID Relief Bill and what it could provide.
Here's a breakdown of the COVID Relief Bill and what it could provide.((Source: WIS))
  • President Trump is calling on Congress to now increase direct payments from $600 to $2,000
  • The U.S. House passed this increase Monday due to support from Democrats but did not receive support from a majority of Republicans
  • The bill now needs to be passed in the Republican, controlled Senate before becoming law
  • On Tuesday, Sen. Chuck Schumer (D-NY) tried to pass the CASH Act quickly but was blocked by Senate Majority Leader Mitch McConnell (R-KY)
  • McConnell controls what bills will make it to the U.S. Senate floor for a vote but has not scheduled one for this increase yet.
  • The bill needs 60 votes in the Senate to pass
  • If it passes the Senate, it will need President Trump’s signature to become law.
Here's a breakdown of the COVID Relief Bill and what it could provide.
Here's a breakdown of the COVID Relief Bill and what it could provide.((Source: WIS))

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