It is rumored that JOE Biden is developing new stimulus plans that would allow millions of Americans to ask for MORE money.
As part of his bailout, the president could set aside trillions more dollars to help individuals and families. Here’s everything we know so far about the new plans.
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The president develops new stimulus plansCredit: Splash
Will there be a fourth round of stimulus checks?
It is currently unclear whether there will be a fourth round of “stimulus checks”.
In the past few months, the U.S. government has been issuing waves of money under a $ 1.9 trillion package that Congress approved in March.
To date, three waves of the $ 1,400 worth of stimulus checks have been processed and paid out to millions of Americans.
The program aims to alleviate the economic difficulties caused by Covid 19 and increase purchasing power.
Given ongoing pressure on the president over the impact of the Covid pandemic, two new stimulus packages could be distributed this year.
This means that with targeted payments to specific groups, e.g. B. unemployed or parents who earn below a certain income, more money could be spent.
The aim would be to reduce poverty and stimulate the economy by having Congress ready to push for a rise in the minimum wage and a permanent increase in child tax credits.
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Rumor has it that a fourth round of stimulus checks worth $ 1,400 is duePhoto credit: Getty
What is the American employment plan?
The first of the two possible stimulus packages is the American Jobs Plan.
If approved, the US government would be willing to invest more than $ 2 trillion in the US economy and create jobs by focusing on critical parts of US infrastructure.
These would address some of the country’s most pressing infrastructure problems such as damaged bridges, climate change, and caring for the disabled and the elderly.
However, according to Cnet.com, the American employment plan is unlikely to include a fourth stimulus check or any other obvious savings.
What is the American family plan?
The second stimulus plan in the pipeline is called the American Family Plan.
The large spending program is expected to focus on paid family vacations, free community college, and other domestic policies.
GOLDEN STATE PAYMENT
Over 5.7 million California residents qualify for a $ 600 stimulus check
TAKE IT BACK
Americans who have been overpaid for unemployment money may have to pay it back
SHOW ME THE MONEY
Americans could get a FOURTH stimulus check in 2021
CHECKMATE
Families could get MONTHLY stimulus checks as a third still can’t make ends meet
Cash delay
Here’s why you might still be waiting for your $ 1,400 stimulus check
It will likely include a round of stimulus checks, with an estimated $ 1 trillion earmarked for individuals and families.
The Washington Post says approval is months ahead, but it could be revealed ahead of President Biden’s joint congressional session on April 28th.
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