In the year sine thebegan, the US government has now approved three for a combined maximum total of $3,200 per person . As rapidly increase and economic optimism begins to emerge, could a fourth stimulus check happen? Or would more direct payments arrive than the ?
It’s a fair question. A group of 10 Democratic senators (PDF) has already petitioned 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, no less. “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 ready to work with you in support of recurring direct checks.”
The answer may depend on what happens to the economy, to people who are unemployed and to the poverty rate. Some 20 million Americans are out of work, with the lowest-wage workers hit the hardest by the pandemic, suggesting that not every part of society will recover at once. In the meantime, we offer some of Congress’ options if the economy continues to stumble or rebound unevenly. For more about stimulus payments, here’s what to know about the , how to calculate your and . This story was recently updated.
A new stimulus bill is coming in 2021. Could it include another check?
The just-passed Build Back Better plan. That proposal aims to invest in the nation’s energy grid, transportation, broadband and water systems and may not include stimulus checks — despite the urging of progressive senators (PDF) including Elizabeth Warren and Bernie Sanders.is the first spending package in 2021, with , and an expanded lined up. Now, the Biden administration is working on a sequel, a package the president refers to as the
(Note: There’s some debate over what counts as a “relief,” “rescue” or “stimulus” package. For the purpose of this article, “stimulus” refers to any funding, check or measure in response to the coronavirus pandemic or to inject money into the US economy.)
A future ‘stimulus check’ could take a different form
Thedoesn’t authorize just one check. It actually contains three direct payments designed to help struggling individuals and families. It’s possible a future bill could extend or introduce more money through direct checks that go to specific groups of recipients, including parents who earn below a certain income or people out of work.
Here are the three types of direct checks in the March 2021 bill:
Stimulus checks: The new one-timesend up to to those .
Child Tax Credit: An expansion of thesends qualifying families $3,600 for each child under age 6 and $3,000 for children age 6 or older, in .
Federal unemployment bonus: A monthlyis being sent until Sept. 6 at up to $300 a month, in addition to state benefits for unemployed workers.
More ways Congress could send money to people this year
Recurring payments: Biden’s infrastructure bill 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 hike: Senate Democrats at the last minute yanked a provision in the minimum wage, which currently stands at $7.25 per hour, over a number of years. But proponents will look to include the $15 hourly wage boost in another bill. “If any senator believes this is the last time they will cast a vote on whether or not to give a raise to 32 million Americans, they are sorely mistaken,” Sanders tweeted on March 5. “We’re going to keep bringing it up, and we’re going to get it done because it is what the American people demand and need.”to boost the federal
Extension of the Child Tax Credit beyond 2021: The new bill expands According to White House Press Secretary Jen Psaki, Biden wants to make the Child Tax Credit permanent. Others, including Republican Senator Mitt Romney, also support making the credit permanent since it will lift millions of children in the US out of poverty., sending periodic payments to lower-income and middle-income families with children, but only through the end of 2021.
Renew federal unemployment payments beyond September: Along with recurring payments, the 10
Democratic senators in their letter to Biden requested he also extend federal unemployment assistance beyond September. “We urge you to include .. automatic unemployment insurance extensions tied to economic conditions in your Build Back Better long-term economic plan,” they wrote.
For more information, here are, how much money you could expect in and how to .
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