As the pandemic continues, the federal government has several economic impact payments that can credit a few hundred dollars to eligible families. The call for a fourth stimulus check also intensifies as an online petition for $ 2,000 payouts reaches more than 2.9 million supporters.
It is evident that COVID-19 has caused a widespread health and economic crisis. Experts said cost of living adjustments (COLA) could hit a new all-time high by next year. This means a much higher price on groceries, rental fees, bills, and other necessities.
Researchers from the Capital One Insights Center also pointed out that a fourth stimulus check is essential for American families. An online petition from Stéphanie Bonin shared this sentiment on Change.org.
Online petition for $ 2000 4th stimulation check
Over a year now, Bonin has launched an online petition for monthly payments of $ 2,000 for the duration of the pandemic. She stressed that recurring and reliable payments should be provided to families facing financial difficulties.
Bonin wrote: “We need immediate checks and recurring payments to be able to keep our heads above water. Congress needs to make sure that we don’t get ruined financially for doing our part to keep the country going. health.”
At the time of writing, his online petition has reached 2,970,548 million signatures of his goal of 3 million. The number of supporters is a clear indicator of Americans’ desire for a new wave of stimulus check payments.
Although lawmakers have yet to approve this proposal, they have released a few payment programs to help millions of people fight poverty.
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No fourth stimulation control update? 4 other payments you should know
According to the US Department of the Treasury, the government has already released up to four financial aid programs for eligible families. These programs hope to support the 9.5 million workers who lost their jobs during the pandemic. In the long term, these programs also aim to revive the economic recovery in the country.
Economic impact payments
More than $ 242 billion is allocated to economic impact payments by the US bailout. Eligible individuals received up to $ 1,400 for individuals and $ 2,800 for married couples. Beneficiaries with children also received an additional $ 1,400 per dependent.
Child tax credit
In addition to economic impact payments, a program to reduce child poverty has been launched. The Child Tax Credit provides payments of $ 2,000 to $ 3,600 to dependents depending on their circumstances. The child tax credit is fully refundable to low-income households, so recipients should receive the full credit.
Capital projects fund
The government aims to support not only individual families, but also their communities. Programs like the Capital Project Fund allocate up to $ 10 billion to states, territories and tribes to cover the costs of investment projects. One of the most notable projects is the broadband infrastructure which is expected to provide high quality Internet access to remote and rural areas of America.
Homeowner Assistance Fund
The US bailout allocates nearly $ 10 billion to states, territories, and tribes to support venerable homeowners. This is aimed at minimizing seizures, reducing the capacity of emergency shelters, and mitigating potential COVID-19 infections.
Note that these are just a few of the ongoing programs active in the country. For more details, Americans are recommended to visit the nearest government agency and inquire about active programs they can apply to.
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