Fourth stimulus check is still possible – and new payments could land in accounts automatically if approved

A FOURTH stimulus check is still possible and new payments could land in accounts automatically if it's approved.

Lawmakers want to further the latest round of stimulus checks which has already delivered $1,400 to each eligible adult and child under the American Rescue Plan during the Covid pandemic.

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Some of the payments include "plus-up" adjustments for those who were underpaid in previous checks.

On June 9, the IRS said it had now distributed more than 169million payments worth $395billion, but they have since warned there could be delays.

Yet, among a pair of letters sent to President Joe Biden, seven Democrats from the House Ways and Means Committee had expressed their support for another round of stimulus checks.

It was signed by 26 Democrats, which had been pushing for the enactment of “automatic stabilizers.”  

They believed that this would help lawmakers avoid negotiations tied to any future relief package, allowing for faster distribution.  

The proposed legislation includes unemployment as an automatic stabilizer, which would enable the current number of eligible jobless Americans to claim an automatic relief payment.

When the unemployment rate eventually rises above that pre-determined level, the relief would be automatically pulled back again.

The lawmakers believe that "almost six in 10 people say the $1,400 payments set to be included in the rescue package will last them less than three months."

They also argued that additional payments could help lift more than 18million Americans up above the poverty line.

Their proposals coincide with a petition calling for $2,000 stimulus check payments.

Started last year by Colorado restaurant owner Stephanie Bonin, it has more than 2.7million signatures.

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."

However, Biden has appeared reluctant to introduce monthly checks worth up to $2,000

Instead, his focus has been on tax credits for child-care expenses and other costs.

Currently, 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 checks started to land in bank accounts on July 15 and subsequent payments will be made on the 15th day of each month.

If the 15th falls on a weekend, as occurs this month (August), then payments will be slightly delayed.

Americans will receive six checks this year and are required to claim the other half of their credit when tax returns are filed.