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Relief payment coming? 80 Legislators Press Biden Administration For Fourth Round Of Stimulus – Economics Bitcoin News

Rumors of the fourth and possible fifth round of direct stimulus checks have become a topic of discussion this week, as lawmakers are urging the president to take action. More than 80 US legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to advance direct economic stimulus payments and expand unemployment benefits.

80 legislators urge Biden administration to push for more incentives

Discussions related to more Kovid-19 relief incentives have been increasing in recent days after the Biden administration proposed a $ 6 trillion budget last week. Following the “Build Back Better” proposal, rumors of fourth and even fifth round incentive checks for US citizens have been discussed in several reports. Of course, despite headlines more direct payments are on the way and a large group of Democrats constantly asking the executive office to act, nothing has yet been approved.

Relief payment coming?  80 legislators press Biden administration for fourth round of stimulus

What reports Who is to say that the fourth and fifth rounds of incentives have been proposed by 80 Politicians From the Democratic Party led by Bernie Sanders, Elizabeth Warren and Ilhan Omar. The group sent letters to the President and Vice President asking the administration to increase recurring direct payments and automatic unemployment insurance expansion. In addition to 80 MLAs, seven members of the Ways and Means Committee also joined the campaign For more stimulation.

“We urge you to include recurring direct payments and automatic unemployment insurance extensions linked to economic conditions in your ‘Build Back Better’ long-term economic plan,” the original letter from the Democratic senators said. “This crisis is not over yet, and families are certain they can keep food on the table and a roof over their heads.”

‘Recoveries haven’t reached many Americans’, says author of petition with 2.25 million signatures

Seven members of the Ways and Means Committee told President Biden that the stimulus would drive Americans out of poverty. Members explained that the era of the new checks could reduce the poverty level from 44 million people to just 16 million.

“Fourth and fifth stimulus checks could keep an additional 12 million out of poverty,” insist members of the Ways and Means committee.

One Online petition It has also been signed by 2.25 million people, calling for stimulus checks for $2k for adults and $1k for child dependents. In addition, payments will be recurring by the end of the epidemic. The creator of the petition recently wrote an update which states:

Our country is still struggling deeply. The recovery hasn’t reached many Americans – the real unemployment rate for low-wage workers is estimated to be over 20% and many face huge debt since last year for things like utilities, rent and child care .

On social media, there are promotional discussions Trending in america Because thousands of sutras are touching on this subject.

IRS is Reported That about 10 million eligible US residents are still waiting for the incentive check from the last round. “I’m on SSI and have a direct express card and got the first and second incentive checks,” said one person on Twitter. wrote. “But I have not received my third stimulus payment yet. What is happening? I know it will not be decorated. So why have I not received my third incentive check yet? “

What do you think about the fourth and fifth rounds of incentive checks? Let us know what you think about this topic in the comment section below.

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