Fourth stimulus check could see Americans pocket monthly payments worth up to $2k as calls for cash grow
AMERICANS have been given fresh hope that they could pocket monthly payments worth up to $2000 as Congress legislators reportedly start to draw up plans to help cash strapped families.
Amid a rumored $3.5trllion aid package set up Bernie Saunders, officials are already debating the structure payments of a fourth round of stimulus checks as pressure mounts on Joe Biden for a final decision.
According to financial expert Tom’s guide, any future payment would likely be given out in two formats, either in small chunks or in a big one-time payment of up to $2000.
If it went through it would settle disputes among Democratic lawmakers who have been pushing the White House for months to introduce a fourth and fifth round of stimulus checks as families battle the financial turmoil of the pandemic.
In a letter sent to Biden last week, seven Democrats from the House Ways and Means Committee expressed their support for another round of stimulus checks.
The lawmakers wrote: "The pandemic has served as a stark reminder that families and workers need certainty in a crisis.
"They deserve to know they can put food on the table and keep a roof over their heads. They should not be at the mercy of constantly shifting legislative timelines and ad hoc solutions."
But, sources close to the White house have suggested a decision on the matter is far from close as they wait on president Joe Biden to lead any push for a final decision regarding the future of the popular policy.
The last indication came on June 3 as Press Secretary Jen Psaki said Biden that would be "open to a range of ideas" when it comes to his American Jobs and Families Plan.
"But he’s also proposed what he thinks is going to be the most effective for the short term," she added.
Reports indicate there's no plan for a fourth round of payments because it's too soon after the third round of checks, despite false claims that emerged earlier this week suggesting otherwise.
The posts, which had been shared and seen by thousands, falsely claimed that a fourth round of stimulus money, this time for $2,500, had been approved by Congress and people would start receiving them on July 30.
The posts included a link that led through to an image of an ape holding up its middle finger, as many were left frustrated by the ongoing speculation about the release of the package.
It has already been four months since Congress signed the America Rescue Plan into law, providing millions of eligible Americans with checks of up to $1,400.
And Americans across the country have called on the White House to introduce further checks worth up to $2,000 as muted by lawmakers.
So far, more than three million people have signed a petition demanding monthly $2,000 payments.
It reads: "I'm calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.
"Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table."
She urges lawmakers to target checks at Americans who are struggling to pay debts such as rent and childcare.
Bonin wrote: "Moving forward Congress needs to make recurring checks automatic if certain triggers are met.
"No more waiting around for our government to send the help we need."
The petition gathered so much support that Change.org recognized it in its list of top 10 petitions that changed 2020.
American families with kids under the age of six will be receiving up to $300 per month as part of the child tax credit extension.
The first check hit bank accounts by July 15 and subsequent payments will be made on the 15th day of each month.
If the 15th falls on a weekend, then payments will be slightly delayed.