SENDING out a fourth and fifth stimulus check is the "only effective way to keep 12million Americans out of Covid poverty," a report has found.
The last three stimulus checks have helped in the fight against poverty, boosting small businesses and increasing revenues, a report by the Economic Security Project determined.
"Evidence from the last year shows stimulus checks to be the fastest and most impactful investments helping Americans get through this crisis, lifting more people out of poverty than any other single policy," it read.
The project then went on to call for more rounds of stimulus checks to help lift an additional 12million Americans out of poverty.
The third $1,400 stimulus payment reportedly helped 16million Americans out of poverty.
The IRS began to disburse a fifth batch of relief payments on April 9 that included the $1,400 stimulus checks and 700,000 plus-up payments worth a total of $1.2billion.
Two million stimulus checks worth over $3.4billion went out per the fifth batch with 1.2million direct deposit payments and 800,000 paper checks, according to the IRS.
People began receiving their stimulus checks after President Joe Biden signed the Covid-19 relief bill into law on March 11.
Social Security Income (SSI) recipients began to receive their third stimulus checks earlier this month. Around four million checks were scheduled to be sent out with a total value exceeding 10billion.
The checks are set to be sent out to around 30million Social Security beneficiaries who are not required to file taxes.
Authorities are considering dishing out more cash to families struggling once the third round of checks runs out.
That's because Joe Biden's American Rescue Plan doesn't just give the green light to one direct payment – leaving the door open to potential further checks being sent out.
This could include targeted payments to specific groups, such as those out of work or parents earning below a certain income.
Congress could also push for a minimum wage hike and a permanent rise in child tax credit.
Pressure is being put on the President to introduce recurring direct payments to struggling families as the Covid pandemic continues to take its toll.
The push for a fourth stimulus check – and perhaps more – comes after it was revealed a third of Americans said they still can't make ends meet, despite three payments being sent out in the last year.
Some 30 percent of Americans came up short when trying to cover household expenses after being sent their third stimulus check, according to US Census Bureau data.
Biden is being urged to include more Covid relief in the $2.3trillion infrastructure plan he is now formulating.
About 20 Democratic US senators, including Finance Committee Chairman Ron Wyden of Oregon and Elizabeth Warren of Massachusetts, have sent Biden a letter calling on him to put new relief payments in his Build Back Better infrastructure package.
The senators wrote: "Families shouldn’t have to worry about whether they’ll have enough money to pay for essentials in the months ahead as the country continues to fight a global pandemic.”
In the letter, the senators say almost six in ten people thought the payments would last them less than three months.
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