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Last night, both the Senate and House of Representatives passed the new coronavirus relief bill which is valued at approximately $1 trillion.
The new bill authorizes $600 stimulus checks to individuals under the same income threshold that was applied last spring.
But there are many in Washington who are still not thrilled with this new bill and believe that there should have been more relief.
In fact, President Trump falls into this crowd and his signature is the final step needed to pass this bill.
In a tweet this evening, he called the $900 billion bill an unsuitable “disgrace.”
He urged lawmakers to make a number of changes which included larger stimulus checks to individuals and families.
“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple,” Trump said in the video.
Interestingly, Trump did not threaten a veto.
It’s not clear if his resistance to the bill and call for an amendment will result in any changes.
If I had to guess, it will not.
That is largely because a lot of lawmakers are already eyeing an additional stimulus relief bill that would be signed into law in 2021. So they probably feel like the shortcomings of this bill can be addressed with another piece of legislation.
It has taken so much effort to get them to agree to this bill as it currently is agreed to that I don’t think lawmakers would be willing to go back to the negotiating table to a larger deal.
You can watch the video below to see his full statement.
— Donald J. Trump (@realDonaldTrump) December 23, 2020
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Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.