$2,000 Stimulus Checks Get New Life With 3 Million Signatures

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Will there be a $2,000 a month stimulus check?

Here’s what you need to know.

incentive check

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With the threat from Omicron and the ongoing COVID-19 pandemic, you may be wondering if there will be a fourth stimulus check. Organizers of a major petition hope the answer is yes. Change.org petition for $2,000 per month stimulus check has garnered 3 million signatures, according To CNBC, Stephanie Bonin, a Denver restaurant owner and petition organizer, wants a $2,000 per month incentive check for adults and a $1,000 per month incentive check for each child. His petition Wants to send incentive checks recurring every month until the end of the COVID-19 pandemic.

“Our country is still struggling deeply,” Bonin wrote on the Change.org petition for stimulus checks. “Recoveries haven’t reached many Americans – the real unemployment rate for low-wage workers is estimated to be over 20% and many face huge debt from last year for things like utilities, rent and child care. These are all reasons why the check needs to target people who are still struggling and Congress needs to learn from this past year. It took nine months to send the second stimulus check to Congress, and spend it Going forward, Congress needs to automate recurring checks if certain triggers are found.

Fourth incentive check: $2,000 per month incentive check

Congress provided three stimulus checks to eligible Americans in response to the COVID-19 pandemic. Like the previous three stimulus checks, a fourth stimulus check would come from Congress. While Democrats control Congress, no serious effort has been made to date to pass legislation that would provide $2,000 a month stimulus checks. While the last three incentive checks were one-time incentive checks, this petition calls for monthly incentive checks. What is the rationale for recurring incentive checks? Supporters say a single stimulus check is insufficient to help Americans struggling financially because of the ongoing COVID-19 pandemic. This includes people who, like Bonin, work in the restaurant sector. Last year, Representative Ilhan Omar (D-MN) and 55 Democrats held a Letter President Joe Biden for endorsing recurring stimulus checks. Biden, however, does not endorse a fourth stimulus check or a recurring stimulus check. Currently, Biden is focused on Congress passing his legislative agenda, the Build Back Better Plan, which includes no stimulus checks.

Will you get the fourth incentive check?

If you’re expecting a fourth stimulus check, it’s very unlikely. Similar to student loan cancellations, it is challenging for Biden to support more stimulus checks and also argue that the economy is recovering. While the COVID-19 pandemic continues, the past year has seen a high immunization rate, a recovery in the stock market and an improvement in employment figures. That said, there are still millions of Americans who are struggling financially as a result of the COVID-19 pandemic. This includes student loan borrowers who have recently received more student loan relief, which is one reason Biden extended student loan relief for another 90 days. However, it also includes renters who may no longer have access to federal rent assistance.

The first three stimulus checks were limited based on income and other needs, so they were not provided universally to all Americans. Congress is unlikely to support a fourth stimulus check, let alone a $2,000-per-month stimulus check. Biden did not support $2,000 a month stimulus checks during his presidential campaign and is unlikely to support recurring stimulus checks now. That said, Vice President Kamala Harris has previously endorsed a $2,000 per month stimulus check for the duration of the pandemic. (What Kamala Harris Means for Your Student Loans).

The petition has a target of 4.5 million signatures. Despite the momentum, Congress or the president do not appear prepared to issue a fourth stimulus check, whether lump-sum or monthly.

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