Is Washington considering a fourth stimulus check? Since March, the IRS has made 165 millionand continues to . But some in Congress are already pushing for a fourth check, either in the form of another one-time check or as recurring payments. Others in Washington, however, say the money would be better spent elsewhere.
“People don’t only need relief, they need stability, certainty, and predictability,” said Democrat Representative Pramila Jayapal on the need for $1,000 recurring monthly payments through the pandemic. Some in Congress say a fourth check is not needed now. “This economy is poised to boom,” said Senate Republican Leader Mitch McConnell. “I can’t imagine the economy is going to need a fourth round.”
Right now, President Joe Biden hasn’t committed to a fourth check, and one isn’t in either of Biden’s . (That from Biden is about the third check, not the fourth.) However, the proposals do contain other ways you could get thousands of dollars in benefits or tax breaks, including from the , and up to expenses like day camp and after-school care. We’ll share what we know. Meanwhile, here’s how to and find out if for a previous tax refund. This story was recently updated.
Could a fourth stimulus payment become part of Biden’s new plans?
Theapproved in March was Biden’s first stimulus package, with its , and an running into 2022. ( for the .)
The Biden administration advocates regular stimulus payments (PDF) in his next stimulus bill.. Neither proposal calls for a at this stage. However, Democratic members of the House and Senate have thrown their weight behind a fourth stimulus check, including recurring or monthly payments. Earlier this spring, a group of 10 progressive lawmakers, including Sens. Elizabeth Warren and Bernie Sanders, asked Biden to include
“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,” the statement said. A few weeks later, another group of 21 Democrats made a similar request to Biden.
The $1,400 stimulus check also was left out of early proposals for what would become the, with an agreement to include the $600 stimulus check squeaking through as a late addition.
How the next stimulus ‘check’ could arrive
The American Rescue Plan contains three types of payments with money going directly to individuals, one of which is the $1,400 stimulus check. It’s possible a future bill could extend or introduce more money through direct payments that go to specific groups of recipients, such as 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 one-timehave been sending up to to those . (Here’s what to know about for people who may get more money on top of the check they already received.)
Child tax credit: An expansion of thesends qualifying families up to $3,600 for each child — you can here. These periodic checks will last through the end of the year, with a final payment in 2022.
Federal unemployment bonus: A monthlyis being sent until Sept. 6 at up to $300 a month, in addition to state benefits for unemployed workers.
Future checks could come in this form instead
The third leg of Biden’s economic stimulus strategy — called the— could include more money going out directly to individuals and families. Here’s how.
Approve recurring payments: Biden’s American Families Plan 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. 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’s how to report a, how to know if and how you could through an FCC program.