Fourth stimulus check update: Possible amount and timeline – MARCA.com
Many Americans are hoping that president Joe Biden will announce a fourth stimulus check, following the previous stimulus checks that brought a cash boost to medium-income and low-income families across the United States. The idea behind these stimulus checks was to provide support and to help the economy following the coronavirus pandemic.
At this moment in time, there isn’t currently any legislation being worked on to launch a fourth stimulus check. Plus, given the effort it took to push through the third stimulus check plan for checks of 1,400 dollars, it could be some time before a fourth stimulus check hits Americans’ bank accounts, if it ever does.
How much would a fourth stimulus check be for?
The first stimulus check was for an amount of 1,200 dollars and the second was for 600 dollars. Then, as mentioned above, the third stimulus check was for an amount of 1,400 dollars for each person who qualified. With each check, there were various qualifying limits.
If there is to be a fourth stimulus check then experts believe the amount should be similar to the previous payments.
Some high-profile politicians have even called for recurring checks of 2,000 dollars to be provided for struggling families, although political commentators point out that this would be very difficult to approve.
What is the timeline for a fourth stimulus check?
It should be made clear that, as this moment in time, there are no plans for a fourth stimulus check. So, there isn’t a plan in place for more checks to be paid out.
But, it should be kept in mind that the framework is already in place and that the high-profile nature of these stimulus checks would make passing the legislation a priority if Biden and his colleagues decide to go down this route again. Therefore, any fourth stimulus check announcement would soon be followed by the actual sending out of the money.