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Fourth stimulus check: could it happen? This is what we now know



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

Sarah Tew / CNET

Is it time to think about a fourth stimulus controlIn just under a year, Washington lawmakers passed it three payment rounds to help individuals and families struggling to make ends meet during the pandemicThe IRS has just started sending the third payment for $ 1,400 calculate your stimulus total), and some are already asking if Congress will sign a fourth check.

A group of 10 Democratic senators are already urging President Joe Biden to include more stimulus payments in the next spending bill, the Washington Post reported – on a recurring basis, no less. “As you prepare your Build Back Better plan for long-term economic recovery,” Senators wrote in a letter to Biden, “Know that we are willing to work with you to support recurring direct audits.”

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. While it’s unclear where the economy is headed and what lawmakers will do this year, we’ll be presenting some options from Congress to help individuals and families if the economy continues to stumble or grow unevenly. For more information, here’s everything you need to know about it third check for $ 1,400, when you could receive it and how to track your payment

A new ‘stimulus’ check may not be the same as a new ‘stimulus’ bill

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 busy with the sequel, a package that Biden refers to as his Build Back Better plan. For example, the proposal would fund investments in the country’s energy, transport, broadband and water systems and should not include incentive controls.

Note: There is some debate as to what counts as a “help”, “rescue” or “stimulus” package. For the purposes of this article, “incentive” refers to any funding, check, or measure in response to the coronavirus or to inject money into the economy.


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Stimulus Check 3: How Much Money You Get


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A future stimulus check can be extremely ‘targeted’

The new 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, such as parents earning below a certain income or those out of work.

Here are all three forms of direct checks in the March 2021 bill.

Stimulus Controls: The new one-off incentive payments sends up to $ 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 up to $ 300 a month until September 6, 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

Here are more ways Congress could send money this year

Recurring Payments: Biden’s infrastructure law 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 pulled in a provision at the last minute American rescue plan to raise the minimum wage. 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,” Senator Bernie Sanders tweeted on March 5. it up, and we’ll get it done because it’s what the American people ask for 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.

Renew federal unemployment benefits after September: Along with recurring payments, the 10
Democratic senators, in their letter to Biden, also called for federal unemployment support to be extended beyond September. “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 on stimulus controls, here all the ways the American Rescue Plan can help you, how much money you can expect the third check and how track your payment

The editorial content on this page is based solely on objective, independent reviews by our writers and is not influenced by advertising or partnerships. It is not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.




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