Politics
Fourth stimulus check could be on the way soon if Congress says yes to more relief money for Americans
AS Americans enjoy the third round of IRS stimulus payments, there are hints that a fourth round of checks could be cut.
White House Press Secretary Jen Psaki said another round of “direct payments” was dependent on Congress.
Read our stimulus checks live blog for the latest updates on Covid-19 relief…
The IRS could be sending out a fourth round of stimulus checks if Congress proposes it[/caption]
“We’ll see what members of Congress propose, but those [payments] are not free,” said Psaki.
Psaki pointed to other ways Biden’s administration is helping to ease the pain of the pandemic’s aftermath.
She called the “historic extension” of the Child Tax Credit allotting families with kids a crucial reprieve by collecting thousands of dollars in write-offs for younger and older kids.
But more may need to be done.
Support for a potential fourth stimulus package is growing[/caption]
Support for restaurants as well as family child tax credits are all part of President Biden’s effort to recover from the economic strain brought on by Covid-19[/caption]
“Obviously, we’re continuing to evaluate what their needs are to continue to get the pandemic under control, put people back to work,” Psaki said.
Two letters — one in January and one in March – were signed by lawmakers who pushed for the federal financial faucet to keep running until the end of the pandemic.
“The American people are counting on us to deliver transformative change, and we need to meet the moment by delivering monthly payments of $2,000,” Minnesota Rep. Ilhan Omar wrote in a letter signed by dozens of fellow Congress members and sent to President Biden in January, according to Yahoo! Finance.
Twenty Democratic senators signed a similar letter in March, the publication stated.
The third batch of stimulus checks are part of President Joe Biden’s American Rescue Plan where $385billion has been allocated out of $1.9trillion to help staunch the financial bleeding brought on by the coronavirus pandemic.
The latest round of payments for the eligible recipients is $1,400.
That’s up from the first two packages that started at $600 and leaped to $1,200.
As more money is cushioning American bank accounts for basic necessities and overheads, there are many Americans still waiting on Uncle Sam for their first two stimulus checks.
One way to secure the benefit of the missing Covid money is to claim the stimulus checks of either $600 or $1,200 as a tax credit.
Meanwhile, Biden announced on Monday that more relief was also being directed to the thousands of cash-strapped restaurants that were forced to wind down while the country was under a mandatory shutdown.
“Today, we’re sending out the first relief checks to 16,000 hard-hit restaurants with help for many more to follow,” Biden said, according to WGN-TV.
“A lot more people are going to be employed.”
Most read in News
The efforts to buoy a large amount of the American population comes as Biden is also trying to get both of his $3trillion worth of relief packages through a Democratic majority Congress.
He has proposed the American Jobs Plan, which would modernize American infrastructure, bring forth more affordable housing, and build the capacity for high-speed broadband in rural areas.
The American Families Plan includes cementing child tax credits, allocating more federal dollars to fund education and childcare, and ensure paid family and medical leave.
