Connect with us

Hi, what are you looking for?

Your Money Magic

Save Money

Will You Get Another Stimulus Check? Here’s What Biden Has To Say

There’s been a lot of talk of a second stimulus check since the first one arrived in our mailboxes many moons ago. With the 2020 election now (finally) behind us, President-elect Joe Biden is giving us more reason to believe that another stimulus check is a real possibility.

While speaking at a press conference in Wilmington, Delaware, Biden commented to reporters that we need to “step up now” in terms of a second stimulus check. And that if we don’t, “the future will be very bleak.”

When asked about the new $908 billion Covid relief plan that was recently revealed as a starting point for further negotiations, Biden said, “I think it would be better if they had the $1,200 [payments to families],” and that the checks “may be still in play.”

“I understand that may be still in play. But, I’m not going to comment on the specific details,” he continued. “The whole purpose of this is, we’ve got to make sure people aren’t thrown out of their apartments, lose their homes, are able to have unemployment insurance [that] they can continue to feed their families on as we grow back the economy.”

The current plan has been backed as a basis for negotiations by House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y. Pelosi, recently commented on the plan, saying that “there is momentum” towards closing a deal.

Advertisement. Scroll to continue reading.

Biden said the plan is a “good start,” and that he’ll advocate for more aid after he’s sworn into office.

At this time, the Covid relief plan doesn’t include a second payment of $1,200 to most Americans. According to Fortune, it does include:

  • A second round of small business loans through the Paycheck Protection Program
  • $82 billion in relief for any state or local governments that cut services or money for school
  • $45 billion for transportation, including airlines
  • $25 billion for housing assistance.
  • Authorizing a $300 per week enhancement for federal unemployment benefits

Skeptics of the plan—like Sen. Bernie Sanders, I-Vt., and Rep. Alexandria Ocasio-Cortez, D-N.Y.— say that it doesn’t give enough cash directly to Americans. In addition to the first stimulus check, many unemployed workers received a $600 enhancement through unemployment benefits. That ended in late July.

“Canada did $2,000/monthly,” Ocasio-Cortez tweeted. “The US is the richest nation on earth and a 2nd stimulus check is getting blocked bc GOP want corporate bailouts & austerity in ‘exchange’ for it. Maybe if everyone in the US incorporated as an LLC, Mitch McConnell would actually do something for them.”

Advertisement. Scroll to continue reading.

The President-elect did endorse the bill that passed early this year, where the stimulus checks originated. He called the new proposal “just a down payment,” and said that Congress will come to an agreement in time to “keep us from going off the edge here.”

He also said that the stimulus checks would play a key role in beating the virus.

“Emergency relief helps stem the spread of COVID because it allows people to say home when they are sick. The sooner we pass the funding the sooner we can turn the corner on COVID 19.”

Written By

Emily is a freelance home, lifestyle design, and wellness writer living in southern California. She holds a bachelor's degree in Journalism from the University of Central Florida and has been featured in publications such as Self, HuffPost, YourTango, and San Diego Home and Garden Lifestyles Magazine.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like


Braces can put a dent in your pocket. Here’s how to make your dental budget more manageable Year after year, millions of people in...

Credit Cards

The Legacy Visa Credit Card is a credit card provided by the First National Bank. Plenty of people aiming to get a credit card...

Credit Cards

Sometimes you’re in a pinch, and you need to make some quick cash. Luckily, you don’t have to sell your kidney on the black...

Health Insurance

Until today, there are still many individuals who don’t know the numerous benefits of Obamacare. The increasing number of negative feedback has overshadowed the...

Auto Insurance

Insurance Benefits and Perks for Veterans Health Insurance The U.S. Department of Veterans Affairs, or VA, provides enrolled veterans with medical coverage to treat...

Credit Cards

Members of the Teamsters Union are eligible to apply for the Teamster Credit Card, which offers various benefits, grants, and rebates. With this card,...

Save Money

Solar Panels on Your Home Can Help Save You Money All Year Long In past years, updating your home with solar panels was considered...

Auto Insurance

Easy Ways for Seniors to Save Money on Car Insurance Choosing the right car insurance policy can be challenging. There are many options, and...