The third round of $3,000 stimulus checks — formally known as Economic Impact Payments — have already hit the mailboxes of millions of Americans. But some have been wondering whether a fourth round is on its way, or if they’ll be taxed on the money.Learn more :https://stimuluschecker.org/
While a fourth round of direct payments from the federal government is unlikely, some states are planning to send more help to their residents. The Washington Post reports that Kentucky, North Carolina and Pennsylvania all have bills working their way through their state legislatures to provide additional relief. And many communities are also offering their own local assistance.
Behind the Headlines: Unraveling the Latest on a 4th Stimulus Payment
One of the most prominent voices calling for a fourth stimulus check is Fox News host and pundit Tucker Carlson. In a Feb. 28 Facebook video viewed more than 20,000 times, he says “Stimulus payments of $2,200 are being sent to every household in the United States.” He adds that it’s a “common sense measure” and that it will boost the economy.
But there’s little appetite in Congress for another round of Economic Impact Payments. The last payments were authorized by a bill passed along party lines through the reconciliation process, which means it would be difficult to pass a new law that authorizes a fourth round. Also, with the country facing record-high inflation, some lawmakers are wary of pumping more money into the economy, which could exacerbate the problem.