The house of representatives passed HR 9051. It is a 2 page bill, also known as the “Cash Act of 2020” which would amend the $600 stimulus checks and make them $2000 per adult and dependent. Senator Mitch McConnell of Kentucky, has blocked every attempt for the senate to vote on this bill and even attempted introducing his own bill totaling 16 pages which would further delay the assistance many Americans need. The Cash Act only increases the amount of stimulus Americans would receive, there is no “pork” hiding in the bill. It seems very un-american to not allow a vote to see where the senate stands. Mitch McConnell is acting like a dictator and forcing his opinion on the senate when many in his own party would support this bill. It is clear that McConnell does not want it on his voting record that he was against what is probably the least complicated bill congress has ever introduced.
Below, is the actual text of the bill for you to see for yourself.
H. R. 9051
To amend the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals, and for other purposes.
IN THE SENATE OF THE UNITED STATESDecember 29, 2020
Received; read the first timeDecember 30, 2020
Read the second time and placed on the calendar
AN ACT
To amend the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Caring for Americans with Supplemental Help Act of 2020” or the “CASH Act of 2020”.
SEC. 2. RECOVERY REBATE AMOUNTS INCREASED.
(a) In General.—Section 6428A of the Internal Revenue Code of 1986, as added by the COVID-related Tax Relief Act of 2020, is amended by striking “$600” each place it appears and inserting “$2,000”, and by striking “$1,200” each place it appears and inserting “$4,000”.
(b) Effective Date.—The amendments made by this section are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 272 of such Act.
SEC. 3. DEPENDENTS TAKEN INTO ACCOUNT IN DETERMINING CREDIT AND REBATES.
(a) Recovery Rebates.—
(1) IN GENERAL.—Section 6428(a)(2) of the Internal Revenue Code of 1986 is amended by striking “qualifying children (within the meaning of section 24(c))” and inserting “dependents (as defined in section 152)”.
(2) CONFORMING AMENDMENTS.—
(A) Section 6428(f)(2) of such Code is amended by inserting “and subsection (a)(2) were applied by substituting ‘qualifying children (within the meaning of section 24(c))’ for ‘dependent (as defined in section 152)’” before the period at the end.
(B) Section 6428(g) of such Code, as amended by the COVID-related Tax Relief Act of 2020, is amended—
(i) in paragraph (1), by striking “qualifying child” each place it appears and inserting “dependent”,
(ii) in paragraph (2)(C), by inserting “(determined after the application of subsection (f)(2))” after “subsection (a)(2)”, and
(iii) in paragraph (3)(B), by inserting “or dependent” after “child” both places it appears.
(3) EFFECTIVE DATE.—The amendments made by this subsection are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 273 of such Act.
(b) Additional 2020 Recovery Rebates.—
(1) IN GENERAL.—Section 6428A(a)(2) of the Internal Revenue Code of 1986, as added by the COVID-related Tax Relief Act of 2020, is amended by striking “qualifying children (within the meaning of section 24(c))” and inserting “dependents (as defined in section 152)”.
(2) AUTHORITY TO MAKE ADVANCE REFUNDS WITHOUT REGARD TO MODIFIED DEFINITION OF DEPENDENT.—Section 6428A(f) of such Code is amended by adding at the end the following new paragraph:
“(7) AUTHORITY TO MAKE ADVANCE REFUNDS WITHOUT REGARD TO MODIFIED DEFINITION OF DEPENDENT.—To the extent the Secretary determines appropriate to make or allow the maximum number of advance refunds by the deadline described in paragraph (3)(A)(ii), the Secretary may determine the advance refund amounts under this subsection without regard to the amendments made by paragraphs (1) and (3) of section 3(b) of the CASH Act of 2020.”.
(3) CONFORMING AMENDMENTS.—
(A) Section 6428A(f)(2)(B) of such Code is amended by striking “qualifying child” and inserting “dependent”.
(B) Section 6428A(g) of such Code is amended by striking “qualifying child” each place it appears and inserting “dependent”.
(C) Section 6428A(g)(4)(B) of such Code is amended by striking “such child” and inserting “such dependent”.
(4) EFFECTIVE DATE.—The amendments made by this subsection are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 272 of such Act.
SEC. 4. BUDGETARY EFFECTS.
(a) Statutory PAYGO Scorecards.—The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.