Or will we continue to suffer?
The Coronavirus disease 2019 (COVID-19) pandemic has wrecked havoc on America's economy due to a lack of support from our government.
We have only received two stimulus checks since this pandemic began: a base check of $1,200 on April 15, 2020; and a base check of $600 on January 4, 2021.
Due to a lack of support, medical specialists have reported over 22.3 million cases and over 375,000 deaths as of January 9, 2021 at 2:54 PM HST). These are just the confirmed cases.
"In the midst of this pandemic, there are million of people out of work, unable to pay their rent or their mortgage. They're waiting in line for hours to get food from a food bank," President elect Joe Biden stated. "The bottom line is the job report shows we need to provide more immediate relief for working families and businesses now, now."
The bottom line is we need to provide immediate relief for working families and businesses. Now. pic.twitter.com/syaHTaX3O4— Joe Biden (@JoeBiden) January 10, 2021
Both the Speaker of the House Nancy Pelosi, and incoming Senate Majority Leader Chuck Schumer also supports sending $2,000 stimulus checks to Americans.
Just when you think America could soon start the recovery process from COVID-19, one lone Democrat opposed sending a third round of stimulus checks.
Speaking with The Washington Post, Democrat senator Joe Manchin of West Virginia said "absolutely not" to $2,000 stimulus checks. Stocks dropped from all-time highs soon after he made this comment.
Stocks dropped from all-time highs after a report that West Virginia Senator Joe Manchin will oppose further direct aid payments, denting hopes for another sweeping spending bill https://t.co/qzugAEnxpL pic.twitter.com/34WGqpsXJ3— Bloomberg (@business) January 8, 2021
In a later tweet, he was open to the idea of sending checks to "those who need it." He didn't clarify who needs a check.
If the next round of stimulus checks goes out they should be targeted to those who need it. https://t.co/MWvt9EHOBS— Senator Joe Manchin (@Sen_JoeManchin) January 8, 2021
January 15, 2021 update: President-elect Joe Biden announced on Thursday a hefty $1.9 trillion COVID-19 relief package called the "American Rescue Plan."
The proposed package includes a third round of stimulus checks with a base payout of $1,400. Both the House of Representatives and Senate wants to introduce this bill soon after Biden takes office on January 20.
Biden will need support from 60 senators to avoid a filibuster; assuming all 50 Democratic senators will support this bill, 10 Republicans will also be needed to prevent the remaining senators from delaying this bill for as long as possible.
January 21, 2021 update: It's projected that a third stimulus check could potentially be passed sometime between mid-February and mid-March.
"Goldman Sachs analyst Alec Phillps projected that Congress will pass another round of emergency aid sometime between mid-February and mid-March. Phillips said the timing ultimately hinges on several factors, such as Donald Trump's Senate impeachment trial and whether Democrats use a process known as budget reconciliation to pass the relief measure using their slimmest-possible majority," Fox Business reported.
March 6, 2021 update: The Senate has approved a third economic impact payment of $1,400. This time around, individuals making above $80,000 and a couple making $160,000 will not receive a check. The previous payment ceased for individuals making above $87,000 and a couple making $174,000. Because the Senate amended this bill, the House will need to approve it. Voting is expected to take place during the middle of next week.
Notes: I'll update this article as news comes in regarding a third stimulus check.
- Megan Henney. "$1,400 stimulus check update: When could you get your third payment?" foxbusiness. January 21, 2021. Retrieved January 21, 2021.