If you are a US taxpayer and are not expecting an adjustment to your income tax this summer, you may be disappointed. The US Treasury Department has scheduled a refund of $600 million to taxpayers that paid their 2011 taxes early . It’s unclear if the refund will come in one lump sum or in smaller payments over several months, but the timing of the refund suggests that the Obama administration will grant a fourth round of unemployment benefits.
Sen. Mike Lee and Rep. Mick Mulvaney have recently introduced a little-known bill that would extend unemployment benefits as well as some other benefits for the laid-off workers. The legislation, known as the Employment Relief Act of 2009, would provide the unemployed with up to 26 weeks of state unemployment benefits, as well as a temporary increase in weekly payments to the workers’ state unemployment compensation fund.
A number of U.S. Senators have signed onto a letter to U.S. Secretary of the Treasury, Timothy Geithner, requesting a fourth round of stimulus funding. The letter, which was sent before the U.S. midterm elections on November 6, requests an additional $2.7 billion in stimulus funding to be allocated to various programs.Rumors of a fourth or even fifth round of direct stimulus payments became a hot topic this week as lawmakers pressed the president to act. More than 80 U.S. lawmakers have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to advance direct stimulus payments and extend unemployment benefits.
80 Lawmakers ask Biden administration for additional incentives
In recent days, there has been increasing talk of additional stimulus measures to ease Covid-19 after the Biden administration proposed a $6 trillion budget last week. In response to the Build Back Better proposal, a number of reports have raised rumors of a fourth or even fifth round of stimulus tests for U.S. citizens. Of course, despite headlines announcing that more direct payments were on the way and a large group of Democrats tirelessly urging the executive branch to act, nothing has been approved yet. The fourth and fifth rounds were reportedly inspired by 80 Democratic politicians, led by Bernie Sanders, Elizabeth Warren and Ilhan Omar. The group sent letters to the president and vice president asking the government to strengthen regular direct payments and automatic extension of unemployment insurance. In addition to the 80 legislators, seven members of the Ways and Means Committee also joined the campaign for more incentives. We urge you to include in your long-term economic plan Build Back Better recurring direct payments and an automatic extension of unemployment insurance based on economic conditions, according to the original letter from Senate Democrats. This crisis is far from over, and families deserve to know that they can put food on the table and keep a roof over their heads.
The author of thepetition, which has gathered 2.25 million signatures, says the takeover has not affected many Americans
Seven members of the Ways and Means Committee told Chairman Biden that the stimulus bill would lift Americans out of poverty. Commissioners say the new controls could reduce poverty from 44 million people to just 16 million. The fourth and fifth stimulus tests could save another 12 million people from poverty, members of the Ways and Means Committee say. The online petition, signed by 2.25 million people, also calls for a bonus check of $2,000 for adults and $1,000 for dependent children. In addition, payments will be repeated until the end of the pandemic. The drafter of the petition recently wrote an update saying: My country still faces great challenges. The economic recovery isn’t here yet for many Americans – the real unemployment rate among low-income people is estimated to be over 20%, and many people still have significant debt from last year for things like utilities, rent, and child care. In the US, social media is buzzing with discussions about stimulus measures, with thousands of topics being discussed. The IRS said about 10 million U.S. residents eligible for the subsidies are still waiting for stimulus checks issued in recent rounds. I get SSI, have a Direct Express card and have received the first and second bonus checks, one person wrote on Twitter. But I still haven’t received my third incentive payment. What the hell is going on here? I know it won’t be a garnish. Why haven’t I received my third incentive check yet? What do you think of all this talk about the fourth and fifth rounds of incentives? Let us know what you think in the comments below.
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6 trillion dollars, 4. Stimulus bill, Bernie Sanders, budget, change.org, direct checks, Elizabeth Warren, extend unemployment, extend unemployment benefits, fourth stimulus bill, Ilhan Omar, Joe Biden, Joe Biden stimulus bill, Joe Biden stimulus bill, Kamala Harris, Kamala Harris stimulus bill, payments, petition, poverty, stimulus bill, Ways and Means Committee Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.More than 80 United States lawmakers are calling on the White House to bring forth a fourth round of economic stimulus spending, doubling the current $800 billion plan. Lawmakers filed a letter to President Barack Obama on Friday, asking him to consider a more robust $1.4 trillion in spending on jobs and infrastructure projects.. Read more about 2008 stimulus check and let us know what you think.
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