You could get more $1,400 stimulus checks this year and in 2022 – here's how

A NEW round of $1,400 stimulus checks could be distributed this year and in 2022 as Joe Biden looks to send more money to struggling Americans.

Two million more stimulus packages – including ‘plus up payments’ – were already dispersed this week for those who filed their 2020 tax returns and more could now be on their way.

Since launching his American Rescue Plan in March, the President has handed out over $379 billion worth of direct payments to help people cope with the effect of the pandemic.

They have so far come in three rounds, with the latest including people who were eligible for money and waiting on ‘plus-up payments.’

Now, the President is toying with a new projected $7trillion long term infrastructure plan – known as the Build Back Better Plan.

The main aim would be to invest more money into the nation’s energy grid, transportation and broadband.

A fourth wave of stimulus checks could be included in the proposals and, if introduced, would see more money given to those in need once the initial $1,400 payment is complete.

It is possible because the existing American Rescue Plan doesn’t authorise just one direct payment, but three.

That means it’s possible that a future bill could extend or even inroduce more money through direct checks to specific groups – such as parents who earn below a certain income or people who are unemployed.

However, it's inclusion in the plan is far from guaranteed, and comes as Biden faces increased pressure to hand out more money as the effects of the pandemic continue to take effect.

Only in March, a group of 10 senators – including Bernie Sanders – urged the President to include more reoccurring payments in his upcoming polices.

A similar request was also made last month by 21 other lawmakers, led by Senator Ron Wyden.

In a letter written to Joe Biden, they called on him to put new relief payments in his Build Back Better infrastructure package.

The senators wrote: "Families 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.”

They senators also said almost six in ten people thought the payments would last them less than three months.

And just one more direct payment would lift 6.6million Americans out of poverty, according to a study by the Urban-Brookings Tax Policy Center.

    Source: Read Full Article