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When I asked economist Eileen Appelbaum of the Center for Economic and Policy Research about how she saw Joe Biden s economic team shaping up, she quickly made her own way to the problem of IRS enforcement. In her view, the Internal Revenue Service was spending an outsize share of its time investigating people they suspected of cheating on the Earned Income Tax Credit a benefit particularly important to low-income workers because the agency lacked the resources to go after actual large-scale tax violators: people with complex personal financial arrangements that span multiple nations, or intricate organizational setups constructed by private equity firms and others.
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Will There Be a Fourth Stimulus Check?
Here s what experts say about the probability of another check.
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The IRS is in the process of sending out a third round of stimulus checks to support Americans through the ongoing coronavirus crisis. And, in true American fashion, some people are already asking for more.
According to back-of-the-envelope math, the federal government has issued 434 million payments in the past 12 months. That’s roughly $737 billion that went toward buying groceries, paying rent and increasing people’s savings accounts in a turbulent economic time.
But as vaccine distribution ramps up and the country reopens, will there be a fourth stimulus check? It’s not an outlandish proposition.
Joe Biden Weighs Infrastructure Bill Strategy - Will Republicans Support Any Bill? esquire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from esquire.com Daily Mail and Mail on Sunday newspapers.