Fourth stimulus check update – Calls for $2,000 cash mount as Americans speculate about $600 or $1,200 payment

CALLS for $2,000 cash are intensifying as struggling Americans are speculating about a fourth round of stimulus checks being worth about $600 or $1,200.

As the Delta Covid variant continues to spread across the United States, taxpayers across the nation are pushing for monthly relief payments.

The IRS and Treasury Department sent out financial stimulus checks in three different rounds of direct payments since the start of the pandemic.

The relief money, which was largely determined based on tax returns, was part of President Joe Biden's $1.9trillion American Rescue Plan.

Since the plan was passed in March, checks worth $1,400, $1,200, and $600 have been sent out across the country.

But as the Covid-19 pandemic doesn't seem to be going away anytime soon, people across the US are pushing for more relief money.

A petition urging for monthly stimulus checks —which was put into action last year by Denver restaurant owner Stephanie Bonin — has reached 2,882,500 signatures as of Tuesday.

The petition reads: "I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.

"Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table.

"With businesses and schools closing across the country to control the spread of this virus, many people have already lost their jobs. Others are being forced to stay home."

Meanwhile, 21 Democrat Senators have called on President Joe Biden to give recurring checks to Americans in need.

The March 30 letter reads: "We urge you to include recurring direct payments and automatic unemployment insurance extensions tied to economic conditions in your Build Back Better long-term economic plan.

"While we are pleased that the American Rescue Plan included a one-time direct payment and an extension of federal unemployment insurance programs, a single direct payment will not last long for most families, and we are worried about the cliff facing unemployed workers when the
unemployment insurance extensions expire on September 6."

A recent Census Bureau survey discovered that a quarter of Americans struggled to pay their household expenses from late July through early August.

Sadly, Raymond James analyst Ed Mills told CNBC he thinks a fourth round of stimulus checks is "unlikely at the time."

He added: "The fall is shaping up to be a busy time in Washington as Congress tries to finish two infrastructure bills (one which includes tax hikes), approve the annual spending bills, and raise the debt ceiling."

Americans who are eligible for one of the three stimulus check rounds but suspect they are missing money are encouraged by the IRS to contact the agency.

Eligible Americans can check the status of their stimulus check on the Get My Payment app.

"There is a small number of people who have not received their stimulus payments," IRS spokesperson said.

"We ask that they be patient with us and also be persistent in contacting us."

For questions regarding your stimulus status, the IRS asks you to contact -800-919-9835 – but filling out the Rebate Recovery Credit form with your 2020 taxes should still be a priority.

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