Although millions of people are still receiving their third stimulus check to cope with the economic crisis caused by the coronavirus, many of them wonder if they will have a fourth financial EIP in the future. What has the White House said about it?
A fourth and even a fifth stimulus check is being requested by some members of Congress to keep 12 million more Americans out of poverty. What are the chances of this happening?
As the president is concentrated on his own agenda to jump-start the economy and transform the country’s infrastructure, White House Press Secretary Jen Psaki says Biden is open to other ideas that will boost the economy... and a fourth round of stimulus checks is among them.
“He’s happy to hear from a range of ideas on what would be most effective and what’s most important to the economy moving forward,” Psaki said while speaking to reporters last Thursday.
However, Psaki also said that the president already has proposed the plans that he feels are best to stimulate economic recovery, and these are the $1.7 trillion American Jobs Plan and the $1.8 trillion American Families Plan.
“But he’s also proposed what he thinks is going to be the most effective for the short term for putting people back to work, to getting through this pivotal period of time, and also to making us more competitive in the long term,” Psaki added.
Despite the growing list of elected officials and citizens who say another round is necessary, Biden and his staff have been hesitant to throw support behind the idea of a fourth stimulus check for Americans.
More than 80 Democrats in Congress have already expressed support for the move, but Biden hasn’t joined them.
The support for another round of stimulus comes as the IRS is still sending out checks for the third round of payments and preparing to issue the expanded Child Tax Credit as of July.