Congress  Contemplating  Yet  One  More  Stimulus  Check

A move is reported to be underway in Congress for the passage of a fourth stimulus check.

“Families and workers shouldn’t have to worry about whether they’ll have enough money to pay for essentials in the months ahead as the country continues to fight a global pandemic and recession,” seven members of the 42-member House Ways and Means Committee have written in a public letter.

The letter, sent to President Biden, also held out the possibility of a fifth stimulus check, noting that such funding “could reduce the number in poverty in 2021 from 44 million to 16 million.”

A national petition listed on the website Change.org is calling for a $2,000 check for families and has so far secured more than 2.2 million names.

A group called the Economic Security Project is also calling for a fourth check—and soon. Adam Ruben, campaign director for the ESP, said the delay last year between the first stimulus check and the second allowed for some 8 million people to fall into poverty.

The last stimulus check for an average of $1,400 was passed by Congress and approved by President Biden in March. The stimulus was part of the President’s larger $1.9 trillion coronavirus relief legislation, with most checks mailed out from the Treasury Department by late  April.

Although various economic analysts have questioned the need for a fourth check, the website Motley Fool notes: “If the pandemic worsens again, or if Americans continue to struggle financially, this will only serve to increase demand for a fourth check.”

Meanwhile the Boston Herald has concluded a study noting that some 1.2 million earlier stimulus checks remained unspent. The paper said such checks either were never cashed or were returned to the Treasury Department.

By  Garry Boulard

No Responses

Your comment will be posted after it is approved.

Leave a Reply

Get stories like these right to your inbox. ​Sign up for our newsletter
Archives
Construction Reporter

Show Password Forgot Password?