Trump vs Biden on second stimulus check — here's where they stand

Trump vs Biden on second stimulus cheque — here'south where they stand up

Trump, Biden each before American flags.

(Image credit: Evan El-Amin, Ron Adar/Shutterstock)

As negotiations over the side by side circular of coronavirus-relief legislation, including stimulus check 2, remain at a standstill on Capitol Loma, attention may be shifting to what would happen if additional stimulus spending doesn't come up until afterward Election Day.

Joe Biden, the Democratic nominee and one-time vice president, has already said he supports a large stimulus packet that's "a hell of a lot bigger" than the $ii.2 trillion CARES Act that Trump signed into police force this past March.

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As Politico suggests, a newly elected Biden would probable face up pressure level from the left flank of his own party, peculiarly if Democrats win both the House and Senate, to spend significantly more than the proposals currently on the table and to send more money to Americans.

Biden has already pitched additional direct payments for families. A recently announced Biden policy, an extension of the Child Revenue enhancement Credit, would allow families with children to opt for a monthly check of $250-$300 (up to $3,600 depending on the historic period of the child) instead of waiting to deduct those funds from their next tax returns.

Future Democratic proposals may get closer to, or even exceed, the $3.iv trillion HEROES Act. That bill, passed by the House in May but and then far ignored by the Senate, would provide another circular of $i,200 checks to eligible Americans equally well as a resumption of federal unemployment-do good supplements through January 2021.

What nearly Trump?

President Trump has wavered in contempo months on additional stimulus spending. In talks with Democrats led by House Speaker Nancy Pelosi (D-California), Treasury Secretary Steven Mnuchin kept the administration'southward spending position well below that of the proposed HEROES Act.

Currently, the Democrats are at $two.two trillion and the White House is at $1.5 trillion, all the same they're unable to shut that $700 billion gap. Nevertheless, fifty-fifty the lower figure may be too high for many upkeep-minded Senate Republicans who were uncomfortable with their party'due south proposed $ane.1 trillion HEALS Human activity.

However, Trump last week expressed back up for a $1.5-$2 trillion pecker proposed by the bipartisan Business firm Problem Solvers Caucus. The spending package, which bridges the gap between Democrats and the White House, includes stimulus check 2, funding for state and local governments and federal unemployment benefits at less than the previous $600-per-calendar week level.

Trump as well tweeted that Republicans should "get for much higher numbers" with stimulus spending, although he didn't cite whatsoever figures himself.

While all sides, including Senate Republicans, initially agreed on the merits of a 2nd directly payment to qualifying taxpayers, several proposals have dropped this benefit. For example, the Senate recently failed to pass a largely symbolic "skinny" bill that focused on a pared-downwards federal unemployment plan and liability protection for businesses.

Where the second stimulus bill stands

Despite Trump'south tweets and the Problem Solvers bill, there hasn't been any meaningful movement on a 2d stimulus bill in recent weeks. Lawmakers may be moving toward additional spending as moderates push their leaders to take action, merely the adjacent steps may balance largely with Pelosi.

Emily Long is a Utah-based freelance writer who covers consumer engineering science, privacy and personal finance for Tom's Guide. She has been reporting and writing for nearly 10 years, and her piece of work has appeared in Wirecutter, Lifehacker, NBC BETTER and CN Traveler, amongst others. When she'south non working, you can find her trail running, teaching and practicing yoga, or studying for grad school — all fueled by coffee, obviously.