Chances Of Receiving A Fourth Stimulus Check For Americans

Readers like you are the driving force behind our goal to improve the business world. Sign up for a subscription right away to get unrestricted access to all of our journalism.

Even though many people have not yet received their third round of stimulus checks of $1,400, the push is already on in certain areas for a fourth round of the program.

Over 2.3 million people have signed a petition on Change.org demanding that adults receive recurrent payments of $2,000 per year and that children receive payments of $1,000 per year. In addition, near the end of the month of March, 21 Democrats from the Senate, including Elizabeth Warren and Bernie Sanders, wrote a letter to President Biden expressing their support for the concept of regular payments and automatic extensions of unemployment benefits.

Read More:-

“An Urban Institute study suggests that a single direct payment of $1,200 combined with an extension of enhanced unemployment insurance and other assistance could keep 12 million people out of poverty,” the group wrote. “Adding a second direct payment could keep an additional 6.3 million people above the poverty line.” [Citation needed] “An Urban Institute study suggests that a single direct payment of $1,200 combined with an extension of enhanced unemployment insurance and other assistance could keep 12 million people out of poverty.”

Despite the calls, it does not appear that the administration of Vice President Joe Biden is supportive of the idea of a fourth check. On Thursday, the press secretary for the White House, Jen Psaki, talked down the possibility of another batch of stimulus money being distributed.

Fourth Stimulus Check
Fourth Stimulus Check

“He’s glad to hear from a range of ideas on what would be most effective and what’s most vital to the economy moving ahead,” Psaki said. “He’s eager to hear from a range of ideas on what would be most effective and what’s most important.” “But he has also presented what he thinks is going to be the most effective for the short-term in terms of bringing people back to work, to getting through this key period of time, and also to making us more competitive in the long-term,”

According to the data provided by the Labor Department in May, despite the fact that the economy is showing signs of improvement, 5.8 percent of the population was still jobless. That was a significant improvement from April’s rate of 6.1%, but the number of new jobs did not meet forecasts. The number of new employment produced by companies in October was 559,000, while economists had anticipated 671,000.

Even though the American Rescue Plan, which will focus on the nation’s infrastructure, appears to be the primary focus of the Biden administration, for the time being, citizens of certain states may still be eligible for some additional funding. For instance, the governor of California, Gavin Newsom, has proposed increasing the state’s Golden State Stimulus program, which has already distributed $600 payments, to provide payments of $600 to families with annual incomes of up to $75,000.

Read More:-

In addition, the economic stimulus package that was passed in March included 350 billion dollars in help for state and local governments, which can be utilized by such governments to make direct payments to their inhabitants. A set of regulations regarding the expenditure of the money was made public by the Treasury Department one month ago.

Even while it is not a check to stimulate the economy, Vice President Biden’s American Families Plan could bring some relief if it were to become law. Under this proposal, the monthly Child Tax Credit of $250 would be extended all the way until 2025.

You can visit www.focushillsboro.com for the latest news. If you have any queries or suggestions can put them in our comment section.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top