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Could a fourth stimulus check actually take place? This is what we know



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Will Congress send a fourth stimulus check? That’s a gamble.

Sarah Tew / CNET

Is it too early to think about a fourth stimulus controlNot for some. In just under a year, Washington lawmakers passed it three payments for different amounts due to the economic consequences of the coronaviruspandemicAlthough the IRS and the Treasury are in the thick of it sending the third incentive payment for $ 1,400 calculate your stimulus total), some are already asking whether the US will issue a fourth round. And if so, what would it look like?

A group of 10 Democratic senators (PDF) is already urging President Joe Biden to include more money for direct stimulus payments in the next spending bill, the Washington Post reported – and on a recurring basis as well. “As you prepare your Build Back Better plan for long-term economic recovery,” the senators wrote in a March letter to Biden, “know that we are willing to work with you to support recurring direct checks.”

A year after the COVID-19 economic crisis, as many as 20 million Americans are out of work, and the workers with the lowest wages are the hardest hit by the pandemic. Although it is unclear where the economy is headed vaccinations against the coronavirus Complete, we offer some options from Congress if the economy continues to stumble or grow unevenly. To learn more about incentive payments, here’s everything you need to know about the third check for $ 1,400, when you could receive it and how to track your paymentThis story is regularly updated.

A new incentive bill is coming – could there be another check in it?

The just passed American rescue plan is the first spending package in 2021, with $ 1400 checks $ 300 extra in weekly unemployment benefits and an extensive Child tax credit drawn up. Biden’s administration is already working on a sequel, a package the president refers to as the Build Back Better plan. That proposal aims to invest in the country’s energy grid, transportation, broadband, and water systems, and may not include incentive controls – despite insistence from progressive senators (pdf), including Elizabeth Warren and Bernie Sanders.

(Note: There is some debate as to what counts as an ‘relief’, ‘rescue’ or ‘incentive package’. For the purposes of this article, ‘incentive’ refers to any funding, control or measure in response to the coronavirus pandemic or to injecting money into the US economy.)


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A future ‘stimulus check’ could come in a different form

The American rescue plan does not allow just one check. It actually includes three direct payments designed to help people and families in difficulty. It is possible that a future account could expand or introduce more money through direct checks that go to specific groups of recipients, including parents earning below a certain income or those out of work.

Here are the three forms of direct controls in the March 2021 bill:

Stimulus Controls: The new one-off incentive payments send until $ 1400 each to those that meet the requirements

Child tax credit: An extension of the Child discount for 2021 sends eligible families $ 3,600 for each child under 6 and $ 3,000 for children 6 or older, in recurring payments through the end of the year.

Federal unemployment premium: A monthly federal unemployment control ships until September 6 for up to $ 300 per month, in addition to state benefits for unemployed workers.

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Congress has already approved a handful of aid this year.

Sarah Tew / CNET

More ways Congress can send money this year

Recurring PaymentsBiden’s Infrastructure Act is the next likely place for Congress to provide more funding. This is where Democratic Senators are calling on Biden to push for recurring stimulus checks during the pandemic.

Minimum wage increase: Senate Democrats yanked a provision at the last minute American rescue plan to raise the federal minimum wage, which currently stands at $ 7.25 an hour, over a number of years. But advocates will try to include the $ 15 hourly wage increase in another bill. “If a senator believes this is the last time they will vote on whether or not to give a raise to 32 million Americans, they are seriously mistaken,” Sanders tweeted on March 5. , and we will get it done because it is what the American people want and need. “

Extension of the child tax credit after 2021: The new bill is expanding the tax credit for children, sending periodic payments to lower- and middle-income families with children, but not until the end of 2021. According to White House press officer Jen Psaki, Biden wants to make the Child Tax Credit permanent. Others, including Republican Senator Mitt Romney, also support making the credit permanent as it will lift millions of children in the US out of poverty.

Renew federal unemployment benefits after September: Along with recurring payments, the 10
Democratic senators, in their letter to Biden, called for federal unemployment support to be extended beyond September as well. “We urge you to … include automatic unemployment insurance renewals related to economic conditions in your Build Back Better long-term economic plan,” they wrote.

For more information, be here all the ways the American Rescue Plan can help you, how much money you can expect the third check and how track your stimulus payment

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