Politics
More stimulus cash could arrive in FOUR different forms in Biden’s American Families Plan
MORE stimulus cash could arrive in four different forms in President Joe Biden’s American Families Plan.
Following Biden’s third $1,400 check, many people are hoping that the president will send another lump sum.
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Biden is introducing an American Families Plan[/caption]
However, if this is not the case, there are four other ways in which Americans may benefit financially from Biden’s American Families Plan.
One way in which Americans could benefit, is if the president agrees to sending out recurring payments to individuals.
Several Democratic senators have called for Biden to sign these payments into legislation to help Americans in need.
Another way is by making the child tax credit raise permanent – meaning that lower-income families will receive periodic payments.
Some Americans are hoping for a fourth stimulus check[/caption]
The credit is set to be sent out in July, but it could be turned permanent if Biden decides to add it to the plan.
Some have asked for a minimum wage hike to be put into fruition – which currently stands at $7.25 per hour.
Biden has previously called for legislators to raise the hourly wage to $15 – something that Senators Mitt Romney and Kyrsten Sinema have echoed.
However, some are looking to go to $11 an hour – which would still see a three dollar increase.
Americans have received three stimulus checks so far[/caption]
The final way that Americans could financially benefit is if federal unemployment payments are renewed beyond September.
At least 10 senators have asked Biden to extend the unemployment assistance past the current deadline.
Despite the variety of ways in which cash could come, Americans are still hoping that they receive a fourth stimulus check.
More than 75 lawmakers now support a further round of stimulus checks, possibly with recurring monthly payments until the end of the pandemic.
There are other ways Americans can cash in on Biden’s plan[/caption]
As of this week, a Change.org petition for monthly recurring checks of $2,000 has racked up over two million signatures and appeared on Change.org’st of the top 10 petitions that changed 2020.
The petition was started by Denver, Colorado-based restaurant owner Stephanie Bonin last year.
Support for the proposal has continued to grow since January, when Democratic Rep. Ilhan Omar of Minnesota and 55 other Democratic legislators stressed the need for recurring payments in a letter to President Biden.
“Recurring payments would provide a long-term lifeline to struggling Americans for the duration of this deadly pandemic,” the letter read.
“We need $2,000 recurring checks until the end of the pandemic. I joined @TimRyan, @MichaelDTubbs, Stephanie Bonin, and Natalie Foster to push for $2,000 recurring payments for Americans until the economy is fully recovered,” Omar tweeted in February in support of the Bonin’s petition.
A January study from Data for Progress found the proposal is also popular with the American people, with 65 percent of those surveyed expressing support for recurring monthly $2,000 payments.
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In another letter sent to President Biden on March 2, 11 Democratic senators including Senator Elizabeth Warren and Senator Bernie Sanders pushed for recurring monthly payments.
The letter cited an Urban Institute study that concluded just one additional $1,200 check, along with additional unemployment insurance, could keep 12 million Americans above the poverty line.
According to Newsweek, online searches for “Biden fourth stimulus” and related terms skyrocketed by 250 percent during Biden’s speech to Congress marking his hundredth day in office.
