4th Stimulus Check? Group of Democratic Lawmakers Want Another Direct Payment
While many American taxpayers are still awaiting the arrival of their latest federal direct payment, some Democratic lawmakers are already talking about another stimulus check.
A group of 10 U.S. Democratic senators released a letter earlier this month asking President Joe Biden to include more stimulus money in the next spending bill. The letter mentions "recurring" payments as part of the plan.
"We urge you to include recurring direct payments and automatic unemployment insurance extensions tied to economic conditions in your Build Back Better long-term economic plan," writes the group.
The senators say the two forms of payments are effective together.
"Data shows that direct payments and enhanced unemployment insurance are among the most effective forms of relief available. Not only do these payments help keep families out of poverty, but they act as economic stimulus by increasing spending and supporting jobs," the group writes.
The letter is signed by senators Elizabeth Warren, Bernie Sanders, Cory Booker, and Kirsten Gillibrand, among others.
The White House has not publicly commented on the group's proposal.
Child Tax Credit Increased in 2021
For 2021 only, the child tax credit has increased from $2,000 per child to $3,000 per child. Parents of children under age 6 will be eligible for an even larger $3,600 total credit.
The plan also includes $3,000 benefits to the parents of 17-year-olds who meet plan qualifications. (Previously, children had to be 16 or younger.) The credit is also fully refundable.
For the standard $2,000 child tax credit, the phase-out starts at $400,000 if filing jointly. With the relief plan signed earlier this month, the additional credit will phase out for single filers at $75,000 and joint filers at $150,000.