Biden says Democratic victories in Georgia Senate runoffs would lead to $2,000 stimulus checks Will you receive a third stimulus check?

In a final campaign pitch to Georgia voters ahead of Tuesday's Senate runoffs, President-elect Joe Biden pledged that if Democrats win the pair of races, Congress would send a third stimulus check to Americans still reeling from the coronavirus pandemic.

The closely watched elections will determine whether Republicans retain control of the Senate — potentially limiting Biden's ability to pass his legislative agenda. If Jon Ossoff and Raphael Warnock win their respective races against incumbent Republican Sens. David Perdue and Kelly Loeffler, Democrats would secure a 50-50 split in the upper chamber, with Vice President-elect Kamala Harris then casting tie-breaking votes.

"If you send Jon and the Reverend to Washington, those $2,000 checks will go out the door," Biden said Monday while campaigning in Atlanta on the eve of the election. "And if you send Sens. Perdue and Loeffler back to Washington, those checks will never get there. It's just that simple. The power is literally in your hands."

WHAT'S IN THE NEW $900B CORONAVIRUS RELIEF DEAL?

The measure includes about $325 billion in small business relief, including $284 billion in forgivable loans for small businesses through the Paycheck Protection Program; an extension of boosted federal unemployment benefits at $300 a week through March 14, 2021, and a second $600 stimulus check.

But some Americans aren't eligible to receive the cash payment: College students and dependents over the age of 17 won't receive the money, nor will immigrants who don't have a Social Security number. Some higher-earners who received a check during the first round of stimulus payments will also not qualify for the second round.

American adults who earned less than $75,000 in 2019 will receive the full $600 check, while couples who earned less than $150,000 will receive $1,200. The payments will be tapered for higher-earners (5% of the amount by which their adjusted gross incomes exceeded the initial threshold) and phased out completely for individuals who earn more than $87,000 and couples who earn more than $174,000.

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