- Just a month ago the Senate and President Biden approved a stimulus package that included payments of $ 1,400 to citizens.
- About 20 Democratic senators sent a letter to President Biden asking him to include recurring aid payments on his next stimulus package
- Why would it be key to grant a fourth stimulus check?
Just over a month ago the Senate and President Biden approved a stimulus package that included payments of $ 1,400 to citizens. Once the document was signed, the third round of checks began to be sent, but those who think ahead are already wondering: Why would it be key to grant a fourth stimulus check?
Since last March 12, the Internal Revenue Service (IRS) has been distributing the money and they have already delivered more than 159 million payments to beneficiaries. However, while there are still a few more checks to be turned in, for most people the money is already ‘gone’ and they hope this is not the last help.
Pass a fourth stimulus check
About 20 Democratic senators, including Oregon Senator Ron Wyden, who is chairman of the Finance Committee, and Massachusetts Senator Elizabeth Warren, sent a letter to President Biden asking him to include recurring aid payments in your next stimulus package.
What are your arguments for the idea of a fourth stimulus check being awarded? In principle, politicians have exposed the precarious economic situation that citizens face in the midst of the crisis that the pandemic has generated and that exposes the need for more help.
What did they spend the third check on?
Why think about a fourth check so soon? Because many families have already spent the funds. The senators wrote in their letter: “Families should not have to worry about whether they will have enough money to pay for essentials in the coming months as the country continues to fight a global pandemic.”
According to analysis of census data from the Economic Security Project, most people have already used their $ 1,400. What did they invest it in? To pay basic expenses, such as food and pending bills such as rent and other services.
The money did not pay
The US Bureau of Labor Statistics said the first rounds of the stimulus allowed people to spend on essentials. Although it is also true that a group of beneficiaries had the opportunity to save money or invest it in expenses that are not necessarily essential.
The letter sent to President Biden also explains that nearly six out of 10 people thought the third check would last less than three months. The opinion. In reality, not many people thought the money would pay off.
Why would awarding a fourth stimulus check be key?
According to a study by the Urban-Brookings Center for Fiscal Policy, giving citizens a fourth stimulus check would lift 6.6 million out of poverty. This would be achieved if the government approved just one more direct payment.
“This critical relief has played a critical role in helping Americans stay afloat during this recession,” says the Economic Security Project in a report highlighting that economic aid is vitally important at this time. Still, Biden is not expected to approve yet another check, because his priority is the infrastructure plan.
New project proposes a fourth stimulus check for coronavirus
The Economic Security Project proposes a new fourth stimulus check for coronavirus for millions of Americans, in order to boost the economy in recovery after the pandemic that hit the United States ‘hard’.
According to a report by the Economic Security Project, the latest $ 1,400 stimulus checks are beginning to show a boost in the country’s economy, making a proposal for a fourth check seem “absurd.”
Benefits of the fourth stimulus check for coronavirus
According to a report from the organization Economic Security Project, which “works to make the modern economy more dynamic”, obtained by the newspaper The opinion, Retail store sales rose 9.8% in March, beating expectations for a 6.1% increase.
The report also highlights that the rounds of checks signed in March and December last year, under Republican Donald Trump, for $ 1,200 and $ 600 respectively along with the recently approved stimulus of $ 1,400 helped the ‘underprivileged’.
Stimulus checks are “the fastest and most impactful investments,” says report
According to the La Opinion article, stimulus checks of up to $ 1,400 would help keep 11 million Americans “out of poverty,” and unemployment benefits also helped keep about 4 million out of poverty.
“Evidence from last year shows that stimulus controls are the fastest and most impactful investments that help Americans overcome this crisis, lifting more people out of poverty than any other policy,” the report said according to the newspaper. angelino.
How much would a fourth stimulus check for coronavirus be?
Despite the fact that three economic aid packages have been released for coronavirus, for Adam Ruben, an expert with two decades of experience at the forefront of online campaigns and fundraising, according to the website Economic Security Project requires ‘one more check’.
In this regard, the amount for which this fourth coronavirus stimulus check should be awarded by the Biden administration in the form of direct payments to those who have fought against the ‘serious’ effects of the pandemic has not been mentioned. Why would awarding a fourth stimulus check be key?
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