How you could still benefit even if a second stimulus check falls through

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A number of financial assist applications will run out by yr’s finish with out assist from Congress.

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A second stimulus check is probably not within the playing cards for 2020, however to date, the favored, extensively supported direct payment of up to $1,200 per person has a future in 2021. And naturally, we nonetheless cannot say for certain what’s going to occur as Congress sprints to try to get a deal — perhaps any deal — completed. 

Tuesday introduced three new stimulus bill proposals, two we all know one thing about and one we do not. The primary was a $908 billion stimulus proposal introduced by a bipartisan group of senators, which contained funding for enhanced unemployment aid, small enterprise payroll help and extra — however no test. However Senate Majority Chief Mitch McConnell has already stated he won’t bring it to a vote, and as a substitute superior a small invoice with funding for companies and colleges; once more, with out a test. The third proposal, from Democrats led by House Speaker Nancy Pelosi, is the one we all know the least about other than the actual fact it exists.

If there isn’t any direct payment to individuals and families this time round as a option to hold down prices and improve the possibilities of some quantity of assist going by means of, it is nonetheless doable there could possibly be one other cost after President-elect Joe Biden is sworn in on Jan. 20. His administration may search a follow-up invoice with a much bigger price ticket that would embrace funding for a greater diversity of applications.

After being a part of the controversy for months, what does it imply that one other stimulus test might not be a part of a brand new invoice? We have a look at the opposite advantages a brand new stimulus package deal may convey you, even with out a new infusion of money. And please learn the top 12 facts about stimulus checks it is best to know. This story is recurrently up to date with new data.

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Subsequent stimulus checks: What to anticipate


A brand new invoice may lengthen weekly federal unemployment checks into 2021

The CARES Act in March approved an additional $600 per week in unemployment cash for out-of-work people. When that program ran out in July, President Donald Trump signed an executive action that prolonged funds by means of the top of the yr at $300 additional per week, till Dec. 31 or till the cash for every state ran out.

With the total number of unemployed workers claiming advantages as excessive as 20 million, the federal government reported this month, a renewal of the federal unemployment help may immediately assist tens of millions of individuals pay for hire, meals and different necessities.

The Senate bipartisan invoice would offer $300 per week in extra federal unemployment advantages for 4 months, although McConnell’s smaller proposal seems to solely lengthen pandemic help to gig employees for one month, till Jan. 31, 2021.

In the event you work for a small enterprise, you might be able to keep afloat

The Payroll Safety Program, additionally a part of the CARES Act, was designed to assist hold employees employed by offering forgivable loans to small companies to assist cowl wages. Meaning individuals who work for small companies ought to be extra prone to hold their jobs as a result of their employer can get federal cash to assist hold employees on the books. 

The brand new proposal would add $300 billion to the Paycheck Safety Program for small companies. McConnell’s revised Senate invoice would additionally present funding and let companies who utilized for a mortgage as soon as apply once more. 

Whereas a July study suggests the payroll program was not as effective because it may have been — with many companies utilizing the loans on nonpayroll bills and to construct up financial savings, in keeping with a University of Chicago study — each Republicans and Democrats have pushed for renewal of this system focused on the hardest-hit small companies.


Federal assist for employee wages is ready to expire as Democrats and Republicans proceed to conflict on stimulus.

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Renter protections may return and cease evictions

One in 5 renters usually are not caught up on their hire through the pandemic, a November US Census study discovered, making a lapse in protections probably catastrophic to American households. As much as 19 million people could lose their homes if eviction protections aren’t renewed. And extra Individuals may declare personal bankruptcy.

The CARES Act included a 120-day moratorium on evicting renters who have been late on hire. Trump renewed the moratorium till Dec. 31.

In line with the Washington Put up, the brand new proposal guards in opposition to evictions by means of “rental help funding.”

Protection for coronavirus well being care bills

The brand new proposal would offer $50 billion for vaccine distribution and to pay for coronavirus testing and contact tracing. We all know these points have additionally been paramount for Democrats, and have been a sticking point in agreeing on a plan.

Whereas we look forward to Congress to contemplate the brand new bipartisan invoice, this is what we all know concerning the state of negotiations on another economic rescue bill, what could possibly be holding up an agreement and five benefits going away except Congress acts earlier than the top of the yr.

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Clifford Colby