Saturday, November 16

What does a fourth IRS stimulus check rule out?


President Biden promotes a plan focused on assistance for children, families and people with low incomes, as well as food

¿Qué descarta un cuarto cheque de estímulo de IRS?
President Biden promotes an aid plan for families.

Photo: Chip Somodevilla / Getty Images

Jesús García

Although the president president Joe Biden presented a ambitious plan to help families, it does not have as a priority to push a fourth stimulus check.

During the president’s speech in Congress, several media reported that he could give the news of a new direct economic package per person, but that did not happen, although the president spoke of the need to help Americans out of the crisis .

According data from the Census Bureau at the end of March it is estimated that almost the 30% of Americans fail to cover household expenses.

A group of Democratic congressmen, including 05 s high ranking enators such as Kirsten Gillibrand (New York), and the chairman of the Senate Budget Committee, Bernie Sanders (Vermont), sent a letter to President Biden to approve a fourth stimulus check.

“This crisis is far from over and families they deserve the certainty that they can put food on the table and have a roof over their heads, ”they wrote. “Families should not be at the mercy of ever-changing legislative deadlines and ad hoc solutions.”

Although there is little more than 50 representatives who also join similar proposals, there are no more congressmen who press for this aid, a situation that would complicate their legislative path, especially since neither the leaders Nancy Pelosi (California), Speaker of the House of Representatives, and Chuck Schumer (New York), Senate Majority Leader, have publicly expressed their support for a project similar to that of the American Rescue Plan (ARP), which authorized the shipment of $ 1, 400 dollars per person to face the crisis per COVID – 19 .

The scenario is complicated for those looking for another stimulus check with the progress of the application of the vaccines, which exceeded 100 millions of people fully immunized, which will help to open businesses and services with the goal of a certain normalcy on July 4.

Help for children

The Biden Administration has released the benefits of the $ 1.8 billion proposal through a document shared with this newspaper , where highlights aid to communities of color , including Latinas, focused on both education and tax credits children, food and low-income people.

The proposal also considers funds to support two years of free community college for Americans, including ‘ dreamers’, a group that has not received federal support.

Those employees who receive low wages would also receive a tax credit, although the program considered “star” of the plan is the Child Tax Credit , which would award up to $ 3, 600 dollars per child under 6 years old, and $ 3, 000 for children between 6 and 17 years, extended to 2025.