Negotiations over stimulus check 2 are underway, but with the White House and Senate Republicans far apart on what should be included, a final bill appears unlikely to pass before the end of July.
On Tuesday, Senate Majority Leader Mitch McConnell (R-Kentucky) outlined the basics (opens in new tab) of the initial Senate GOP proposal, which includes another round of stimulus checks for individuals and families, an extension of the Paycheck Protection Program and funding to help schools reopen.
- Stimulus check 2 status: Date, senate vote and how much money you could get
- This stimulus check 2 calculator shows how much money you could get
- Plus: Stimulus check 2 confirmed by Mitch McConnell — what you need to know
However, priorities differ between President Trump and Senate lawmakers, as well as among lawmakers themselves. As CNN reports (opens in new tab), the White House insists on a payroll tax cut, with Trump suggesting he’d veto any proposal that doesn’t include this measure.
Many senators are either unenthused about or outright against a payroll tax cut. Sen. Chuck Grassley (R-Iowa) said earlier this week that another round of direct payments would be more beneficial.
Beyond that, Senate Republicans are reportedly at odds with one another (opens in new tab), leaving open the possibility that lawmakers will struggle to reach an agreement quickly.
'What the hell are we doing?'
A meeting Tuesday between White House representatives and top GOP senators got testy, according to multiple sources, with Sen. Ted Cruz (R-Texas) asking other attendees, "What the hell are we doing?"
About the only thing the Senate Republican leadership and the White House can agree on right now is that they need to come up with a single plan. That way, they can present a united front in negotiations with House Democrats, who passed their own second stimulus bill two months ago.
Unfortunately, many Americans are feeling a sense of urgency. Federal unemployment benefits — the extra $600 per week provided under the Cares Act — are set to expire July 31, and state unemployment programs that require people to reapply for extended benefits could once again be overwhelmed and experience processing delays. Plus, the Senate has another recess scheduled to begin Aug. 10.
If this stimulus package isn’t finalized quickly, Americans could be stuck waiting for relief until September or later.
Treasury Secretary Steven Mnuchin, who is negotiating with Congress on behalf of the White House, has said the aim is to get a bill passed before federal unemployment insurance expires at the end of the month. However, Senate leaders are skeptical (opens in new tab) that will happen.
House proposal for stimulus check 2
House Democrats passed the Heroes Act, which would fund a second round of stimulus payments, in May. The bill would expand payments for families with dependents and taxpayers who don't have Social Security numbers.
The same income caps would apply — only single taxpayers earning less than $99,000 and married taxpayers (who file jointly) earning less than $198,000 would receive benefits.
However, under this proposal, Americans would likely receive slightly more money: $2,170 on average for stimulus check 2 compared to $1,729 with the first round of payments.
Locate your first stimulus check
If you still haven’t received your first stimulus check provided under the Cares Act but believe you're eligible, search your status using the IRS's Get My Payment app or speak to a representative at the IRS stimulus check phone number.