You could still be waiting for your Biden in a speech last week outlined his — the American Jobs Plan and American Family Plan — that would focus on creating jobs and extending the through 2025, along with other tax breaks and aid, if approved by Congress. Members of Congress are pushing Biden to include a fourth stimulus check in his proposals to send more money to those most in need.that as part of March’s . President Joe Biden, however, is already mapping out his next that could send new rounds of money to those struggling through the pandemic.
A potential fourth stimulus payment could take many forms, including recurring payments. A Change.org petition calling on Congress to approve monthly $2,000 payments has more than 2 million signatures, with a goal of 3 million. And in March, a group of 10 progressive lawmakers, including Sens. Elizabeth Warren and Bernie Sanders, asked Biden to include regular stimulus payments (PDF) in his next stimulus bill: “We urge you to include recurring direct payments and automatic unemployment insurance extensions tied to economic conditions in your Build Back Better long-term economic plan.” A few weeks later, another group of 21 Democrats made a similar request to Biden.
While the third stimulus check will help the economy to grow rapidly it’ll also grow unevenly, economists say, with some cities projected to hurt for “decades,” even though are on the upswing and the US economy is showing glimmers of hope. Would more direct payments arrive other than a stimulus check? We spell out some possibilities below. Additionally, here’s and . Also, here’s how to . This story is updated frequently.
Biden unveiled his next two stimulus packages. Would they include a fourth stimulus check?
Approved in March, the Build Back Better plan. That proposal, called the American Jobs Plan, aims to invest in the nation’s energy grid, , and water systems — and , despite the urging of progressive senators (PDF).is Biden’s first stimulus package in 2021, with , and an expanded lined up. ( for the .) The Biden administration is working on the sequels, which the president has referred to as the
(Note: There’s some debate over what counts as a “relief,” “rescue” or “stimulus” package. For the purposes 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.)
The next stimulus proposal may look different than the previous ones
The American Rescue Plan. It contains three types of payment 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 payments approved 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.
Congress could send more payments this year in 4 other ways
The third leg of Biden’s economic stimulus strategy — called the American Family Plan — could include more money going out directly to individuals and families.
Approve recurring payments: Biden’s third proposal is the next likely place for Congress to provide more funding. This is where Democratic senators are calling on Biden to push for recurring fourth stimulus checks during the pandemic.
Pass a minimum wage hike: Some senators continue to look for ways to Sens. Mitt Romney and Kyrsten Sinema have also pitched a hike. Some proponents want to set the bar at a $15 hourly wage but others are looking to go to $11 an hour. “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. A February report from the Brookings Institute models how a $15 minimum wage could help make 37% of US households financially self-sufficient., which currently stands at $7.25 per hour. In his speech before Congress, Biden called on the legislators to raise the minimum wage to $15.
Renew federal unemployment payments beyond September: Along with recurring payments, the 10 progressive senators in their letter to Biden requested he also extend federal unemployment assistance beyond September.
Here are, how much money you could expect in and how to .