Although government aid has not stopped, reality shows that it is not enough even though it has already been distributed three rounds of checks, as well as various supports for the least they have
Photo: Mariela Lombard / El Diario
Sunday, November 17
Is the issuance of a fourth stimulus check feasible considering the economic situation of the country?
One of the reasons why the government decided to issue stimulus checks, in the context of the pandemic, had as its central axis alleviate the economic repercussions that the Covid brought with it – 19 .
Financial precariousness and job losses has been one of the main narratives that the country has experienced more than a year after the social distancing and confinement dictated by the federal authorities began.
Although government aid has not stopped, reality shows that this is not enough despite the fact that three rounds of checks have already been distributed , as well as also various supports for what they have less .
According to a survey by financial services firm TransUnion, approximately 4 out of every 10 people say their income remains below pre-pandemic levels .
The adverse reality that millions live has still made some voices already ask for a room stimulus check that allows citizens .
Among those who press for the president Joe Biden authorizes a fourth stimulus check are some l Democratic legislators, who in addition to demanding a fourth round of aid, ask recurring payments until the end of the pandemic .
However, requests for the president to release a fourth check come as part of efforts to ensure that the American families Plan and the American Jobs Plan .
Both intend to detonate the country’s economy through an ambitious plan that includes targeted help for those who have the least , pondering childcare, as well as sparking the industry through road infrastructure fixes.
In the presidential speech is the idea of changing things in the country with long-term actions in between of the Americ an families Plan and the American Jobs Plan, which require a huge investment.
Perhaps for this reason, at the moment, it is not contemplated to release a fourth stimulus check due to the financial implications it represents and more as it is a generalized payment . For this reason, the government seeks that these plans detonate wealth in favor of those who have the least.
It is true that millions need immediate help and more with the increases that are coming in basic products as economic activity reactivates, but it is also a urgency for Americans to have well-paying jobs .
From the presidential perspective and the Democratic project, the only way to do it is through the two plans that, shortly, will be discussed in Congress, accompanied by a reengineering of the tax system to that the rich pay the taxes they really owe .
On the sidelines of business and Republican oppositions so that both plans become a reality, especially with regard to the issue of tax hikes for the richest, citizens of the entire country maybe you should say goodbye to the fourth check from e stimulus .
Also it may interest you: Why if Jeff Bezos dies would he have to give in part of his fortune to the government, should Biden’s tax bill pass
We recommend you