Fourth stimulus check in doubt due to possible shortage of money and lack of support

A possible fourth stimulus check might not arrive. The government says that a possible shortage of money makes it difficult to get a four...

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  • A possible fourth stimulus check might not arrive.
  • The government says that a possible shortage of money makes it difficult to get a fourth stimulus check.
  • In addition, the lack of support to make more payments also makes the approval of a fourth stimulus check unlikely.

Nothing is decided yet, but the fight to get a fourth stimulus check seems to be increasingly complicated by the lack of support from senators and because money could be tight to issue so many payments.

Plans to grant another round of payments to the Americans most affected by the pandemic crises have been called into question, as it appears that money is running out, the newspaper The Sun reported on Sunday.

Millions of dollars have already been delivered

Payments totaling more than $ 2 billion hit people’s bank accounts in the United States last week, as the Internal Revenue Service (IRS) sent another 1.1 million payments as part. of the aid package against Covid-19 delivered by President Joe Biden, detailed the aforementioned media.

But, to date, that’s the smallest amount given out since the third round of checks began issuing on March 12 as an inexpensive measure to help those most in need.

It is difficult to get a fourth stimulus check

fourth stimulus check
Photo: Shutterstock

As money shrinks, more questions are being cast about the likelihood of a fourth stimulus check occurring to help cash-strapped Americans, The Sun noted.

Hope remains, however, as many hope Congress will pass the fourth stimulus check as part of President Biden’s next financial aid package.

Votes needed for a fourth stimulus check

fourth stimulus check
Photo: Archive

According to the Sun report, more than 75 lawmakers would now support a new round of stimulus payments, possibly with recurring monthly payments until the end of the pandemic.

But remember that getting the measure requires the backing of Republicans, who mostly reject a fourth stimulus check. And for the proposal to pass in the Senate, 60 votes in favor are required, mentioned a report by ACE.

They ask for recurring payments of $ 2,000 in addition to the fourth stimulus check

fourth stimulus check
Photo: Shutterstock

As of this week, a Change.org petition for $ 2,000 monthly recurring checks amassed more than two million signatures and appeared on that website as one of the top 10 petitions that changed in 2020. The request was initiated by Denver, Colorado-based restaurant owner Stephanie Bonin last year.

According to The Sun, support for the proposal has continued to grow since January, when Democratic Rep. Ilhan Omar of Minnesota and 55 other Democratic lawmakers emphasized the need for recurring payments in a letter to President Biden. “Recurring payments would provide a long-term lifeline for Americans struggling in the time of this deadly pandemic,” the letter quoted by The Sun newspaper read.

Proposal supported by Democrats

California economic stimulus checks direct pay
Photo: Archive

“We need recurring checks for $ 2,000 until the end of the pandemic. I joined @TimRyan, @MichaelDTubbs, Stephanie Bonin and Natalie Foster in pushing $ 2,000 recurring payments for Americans until the economy fully recovers, ”Omar tweeted in February in support of Bonin’s petition.

A January study by Data for Progress found the proposal popular with the American people as well, with 65 percent of respondents voicing support for the $ 2,000 recurring monthly payments, the outlet noted.

Millions would be close to the poverty line

Photo: Shutterstock

In another letter sent to President Biden on March 2, 11 Democratic senators, including Senator Elizabeth Warren and Senator Bernie Sanders, pushed for recurring monthly payments.

The letter cited a study by the Urban Institute that concluded that just an additional check for $ 1,200, along with additional unemployment insurance, could keep 12 million Americans above the poverty line. And according to Newsweek, Internet searches for “Biden’s fourth stimulus” and related terms soared 250 percent during Biden’s speech to Congress that marked his 100th day in office.

The post Fourth stimulus check in doubt due to possible shortage of money and lack of support appeared first on Hispanic World.

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