Third Stimulus Check: Fourth stimulus check status: Biden‘s proposal and latest updates
Many American families are hoping for a fourth stimulus check to become a reality, after the boost that the three previous stimulus checks provided. The first stimulus check was for an amount of 1,200 dollars for all those who qualified, the second was for 600 dollars and the third was for 1,400 dollars.
Now, the discussion has turned to a possible fourth stimulus check, with some Democrats calling on president Joe Biden to sanction another round of stimulus spending. At this moment in time, Biden isn’t planning on pushing through a fourth stimulus check. But, he is open to ideas.
Biden will listen to fourth stimulus check proposals
White House Press Secretary Jen Psaki has explained that Biden will listen to other politicians’ suggestions at this time.
“He is happy to hear from a range of ideas on what would be most effective and what’s most important to the economy moving forward,” Psaki said.
“But he has also proposed what he thinks is going to be the most effective for the short term for putting people back to work, to getting through this pivotal period of time and also to making us more competitive in the long term.”
Biden‘s own proposals: What are the American Families Plan and American Jobs Plan?
The Biden proposals that Psaki referred to are believed to be the American Families Plan and the American Jobs Plan, both of which could cost almost two trillion dollars.
“The American Families Plan is an investment in our children and our families – helping families cover the basic expenses that so many struggle with now, lowering health insurance premiums, and continuing the American Rescue Plan’s historic reductions in child poverty,” the White House have explained.
They have also summarised what the American Jobs Plan will entail.
“The American Jobs Plan will create millions of good jobs, rebuild our country’s physical infrastructure and workforce, and spark innovation and manufacturing here at home,” the White House said.
The Washington Post have expanded on the proposals involved in the American Jobs Plan, stating that the budget will be broken down as so:
- 650bn dollars for infrastructure at home.
- 621bn dollars for transportation infrastructure.
- 580bn dollars for research and development, workforce development and manufacturing.
- 400bn dollars for care workers and the caretaking economy.