CALLS for a fourth and even a fifth stimulus check are growing as experts said the cash payments could lift a further 12million Americans out of po
CALLS for a fourth and even a fifth stimulus check are growing as experts said the cash payments could lift a further 12million Americans out of poverty.
Direct cash payments are working, nonprofit Economic Security Project said on Thursday on Twitter, as they argued for recurring stimulus checks.
More than 20 Senate Dems joined the call for recurring payments in the next stimulus round[/caption]
“Cash has been the leading force in reducing poverty during one of the deepest recessions in modern history, and is one of the only policies that can narrow persistent imbalances in poverty, income, and wealth between Americans of color and white Americans,” the group said in a recent report.
People of color are experiencing higher levels of food insecurity, death from COVID-19, and business losses more than white households, according to the report.
“Two-thirds of Black and Latinx households had difficulty meeting basic expenses in the past week, compared to fewer than half of white households,” the group said.
People of color are experiencing higher levels of food insecurity[/caption]
Ed Mills, a Washington policy analyst at financial service company Raymond James previously told CNBC that a fourth stimulus check is “unlikely at this time.”
But the idea of a fourth check and recurring fund throughout the pandemic is more likely as it is supported by at least 75 lawmakers.
A fourth and fifth stimulus check could bring 12 million people out of poverty[/caption]
A fourth stimulus check could help lift over seven million people out of poverty according to the Urban-Brookings Tax Policy Center.
Around two weeks after President Joe Biden signed the $1.9 trillion stimulus package into law, more than 20 Senate Dems joined the call for recurring payments in the next stimulus round.
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And now more congressional members have joined the progressive push for a continued cash injection into people’s bank accounts.
The effort to push for more checks throughout COVID-19 began in January when U.S. Representative Ilhan Omar and 52 other House Democrats asked Biden and Vice President Kamala Harris to push for recurring checks.