Lawmakers attest recurring stimulus checks to help support families
Democratic lawmakers push for more economic relief through recurring stimulus checks until the pandemic is over. The Biden administration is currently working on enacting Biden’s request for $1.9 trillion in coronavirus (COVID-19) relief funding that will offer $1,400 stimulus checks for every American citizen.
White House open to scaling down stimulus checks to families making more than $150,000 in Covid-19 relief bill https://t.co/yJM8QkT68o pic.twitter.com/IgDhIn0obr
— CNN (@CNN) February 1, 2021
A group of over 50 house members signed a letter addressed to President Biden and Vice President Harris to back the recurring stimulus policy. Popular Democrat supporters of the new policy include Minnesota Rep. Ilhan Omar, New York Rep. Alexandria Ocasio-Cortez, and Michigan Rep. Rashida Tlaib.
More than 50 House progressives are pushing President Biden to prioritize recurring direct checks instead of one-time payments in the next rescue package.https://t.co/w1gxwcARWq
— Kyle Griffin (@kylegriffin1) January 30, 2021
The letter states that one check every couple of months isn’t enough support during this economic and public health crisis that is directly impacting employment rates. The letter addresses that a recurring stimulus check will provide stability for families with the certainty of ongoing relief.
There is some good news for this policy as Vice President Harris supported a similar bill that was proposed previously last year before taking office. Before taking office of Vice President, Harris introduced a similar bill in the Senate last year requesting funding of $2,000 every month for each adult and child in the U.S. until the end of the pandemic but the effort failed to garner attention to be passed.
White House open to scaling down stimulus checks to families making more than $150,000 in Covid-19 relief bill https://t.co/yJM8QkT68o pic.twitter.com/IgDhIn0obr
— CNN (@CNN) February 1, 2021
Data analysts from the Center on Budget and Policy Priorities determined nearly one-third of adults are struggling to pay their bills and many low-wage workers in service jobs (restaurants and retail) were impacted by the pandemic.
The letter didn’t propose a monthly payment amount for the recurring stimulus payments but Rep. Omar tweeted that the goal is $2,000 per month until the pandemic is over. The recurring stimulus payments are likely to be prioritized to people who need them the most and will spend the money quickly.
More than 50 House lawmakers urge Biden to include recurring stimulus checks in the new Covid-19 relief bill https://t.co/ARVdK3svcm pic.twitter.com/RGFZFL3BrG
— Forbes (@Forbes) January 28, 2021
Economic experts indicate the current third round of stimulus payments could be approved by the end of March. Biden’s $1.9 trillion aid package will be enacting recurring aid programs with increased tax credits to $3,600 per child under 6-years-old and an extra $400 for weekly jobless benefits.
-
Michael Saylor, a prominent figure in the world of cryptocurrency, has seen significant gains this week as the value...
-
The Office for National Statistics (ONS) released official figures on Wednesday, revealing that the United Kingdom posted a record...
-
As scrutiny intensifies, Fujitsu faces repercussions for its role in the Post Office scandal. The UK government has issued...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...
-
Urgent IMF Deal Needed to Prevent Pakistan’s Economic Collapse, Bloomberg Warns Bloomberg, a renowned US-based financial news service, has...
-
Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic,...
-
Silicon Valley Bank’s Acquisition Fallout: Rising Unemployment and Uncertain Future First Citizens BancShares Inc., the new Silicon Valley Bank...
-
President Joe Biden and House Speaker Kevin McCarthy engaged in crucial negotiations on Monday to address the US government’s...
-
Secure your financial future with the 50/30/20 rule! As the cost of living continues to increase in 2023, managing...
-
Common treatments and medicines are becoming more expensive and harder to get. According to a new report released this...
-
A California appeals court overturned the challenge to Proposition 22. Back in 2020, California voters passed Proposition 22, which...
-
Tesla is looking to spark interest in its most expensive models. In the last several months, prominent electric vehicle...