A long awaited stimulus bill was signed by President Donald Trump’s after his threat to veto H.R. 9051 – Caring for Americans with Supplemental Help Act of 2020 (CASH Act) due to what he believes is payments that are too small to be of much use.
Trump demanded stimulus relief checks of $2,000 as opposed to the $600 the Coronavirus Relief Bill currently written into the bill.
Another point he was strongly against was the amount of money allotted for foreign aid.
Throughout the Christmas Holiday’s many people waited to see what would become of the stimulus, and if there would be any relief.
Trump did sign the bill on Sunday, December 27, 2020, but not without a message to Congress.
“I will sign the omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed,” stated President Trump, “I will send back to Congress a redlined version, item by item, accompanied by the formal rescission request to Congress insisting that those funds be removed from the bill.”
As things are now, as of press time Monday, December 28, 2020, checks could be direct deposited as early as Monday, January 4, 2020, and later in the week.
Paper checks could begin going out Monday, January 11, 2020, allegedly the IRS must sent out all payments no later than Friday, January 15, 2020.
The question remaining is, how much money are citizens set to receive, the original $600 or the $2,000 President Trump has requested.
The House of Representatives approved changing the $600 payment to $2,000 in the CASH Act as the paper went to press. The measure will next go to the Senate, where its fate in uncertain.
