Even so, roughly two-thirds of Americans say the latest $1,400 check won’t last them three months, according to a recent Bankrate survey.
Democrats are also pushing Biden to extend other stimulus measures, including the duration of unemployment benefits and a child tax credit payment program.
Republicans have cited concerns over the fast-growing budget deficit as they debate more coronavirus-aid spending. Many of them also argued against the inclusion of the weekly $300 unemployment boost in the latest stimulus package passed in March, dubbed the American Rescue Plan, saying that the amount was too large and discouraged Americans from returning to work.
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Biden s $400,000 income target has been a subject of hot debate as details of his tax plan emerge.
Some of the discussion has been on where that threshold would kick in. In March, White House Press Secretary Jen Psaki said it would be for families, which sparked speculation that individuals earning less than $400,000 could see higher levies as a result.
The White House did not immediately respond to a request for comment. For the most part, I think he can design something . where the tax increases are, in fact, targeted to people making $400,000 or more, said Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center.
Will there be a fourth stimulus check? Americans are looking for clues. Jessica Menton, USA TODAY
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Democratic lawmakers in both chambers of Congress are clamoring for a fourth round of stimulus checks to help Americans who are still struggling financially during the coronavirus pandemic.
Such a move could lift more than 7 million people out of poverty, according to a recent analysis from the Urban-Brookings Tax Policy Center, a nonpartisan think tank.
This comes as President Joe Biden marks his 100th day in office this week. Biden hasn’t said publicly whether he supports a fourth stimulus payment and there was no indication during his first address to Congress on Wednesday about introducing another bill with more direct payments.