Stimulus check 4: Is a new 4th stimulus check possible? Will there be a fourth check? - Market News
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Stimulus check 4: Is a new 4th stimulus check possible? Will there be a fourth check?

Stimulus check 4: Is a new 4th stimulus check possible?  Will there be a fourth check?

update

25/03/2021 –
11:27

Wwith the third stimulus check hitting people’s bank accounts and mailboxes, speculation about a fourth stimulus check is on the rise. Less than a week later The American rescue plan was signed by president Joe Biden to provide financial aid to US citizens amid the COVID-19 pandemic, many are wondering if there will be a fourth round of stimulus payments.

will there be a 4th stimulus check?

The IRS has begun sending the approved third stimulus check for a combined maximum of $3,200 per person for all three checks. Once again, the House is divided on whether or not to offer more help in the form of incentive premiums.

Democrats lobby for fourth stimulus payment

AN group of Democratic senators sent a petition request the president to allocate more money for direct incentive payments.

“While you have your Better build back long-term economic recovery plan,” the senators wrote in a March letter to Biden“Know that we’re ready to work with you to support recurring direct checks.”

“This crisis is far from over and families deserve the assurance that they can put food on the table and keep a roof over their heads. Families should not be at the mercy of constantly changing legislation.”

In their petition, the senators outlined why, despite its necessity, unemployment insurance may not extend far enough, as many still have jobs with fewer hours, some have moved to lower-paying jobs or temporarily leave the workforce to care for relatives. during the pandemic.

The Senator’s Lobby for the stimulus package and claim that the shelter package, in combination with unemployment insurance, could keep 12 million people out of povertyand add another instant payment could keep an additional 6.3 million people above the poverty line.

“Another one-off round of checks would provide a temporary lifeline, but if that money runs out, families will again struggle to pay for basic necessities,” the letter continues. “An extra check is not enough during this public health and economic crisis.”

Unemployment and the next round of stimulus checks

According to the Washington Post, about 20 million Americans are out of work, with the lowest-wage workers being hit hardest by the pandemic, suggesting that not every part of society will recover at once.

So whether or not there is one fourth stimulus check is still in the making. The Biden government has labeled the following potential resource as the Better build back plan, where the proposal aims to invest in the country’s energy grid, transportation, broadband and water systems and may not include stimulus checks – despite urging from progressive senators for the next round of stimulus checks.