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Stimulus Check: Is It Possible That The Fourth Stimulus Will Be Approved This Month?

fourth stimulus check
The possibility of the fourth stimulus check being approved this month remains uncertain (Photo: Adobe Stock)

There’s only less than a week remaining in October. However, the possibility of a fourth stimulus check is still uncertain.

Last July, Democrats headed by Senate Budget Committee Chairman Bernie Sanders announced its plan to pass a multibillion-dollar reconciliation bill. The measures under the reconciliation bill include free community college, paid family leave, and other measures not covered by the infrastructure bill. However, one measure that is not included in the said bill is the most anticipated fourth stimulus check.

Last year, Congress passed an additional COVID-19 spending bill that allocated a $600 stimulus check. Republicans, on the other hand, have consistently opposed the Biden administration’s attempts to offer direct payments to Americans. Earlier this year,  Sen. Mitch McConnell told local news that he couldn’t imagine the economy needing a fourth round of stimulus checks.

Conservative Democrats such as Senators Joe Manchin and Kyrsten Sinema opposed the Child Tax Credit extension beyond one year. Due to this, it seems unlikely that those in the authority of the legislative process would risk destroying their support by inserting an additional stimulus check.

READ ALSO: IRS Wants Some Americans To Return Stimulus Money, Here’s What Happened

Fourth stimulus checks not included in Democrat-led reconciliation bill (Photo: Brian Snyder/Reuters)

Movement For A Fourth Stimulus Check

The remaining hope of taxpayers for direct payment arose from economists’ potential to urge increased consumer spending in terms of weak unemployment data. However, this month’s Bureau of Labor Statistics survey shows that six million unemployed Americans are not actively seeking work and thus are not included in the unemployment rate count.

The chance of having a fourth stimulus check started to grow blurry. However, Denver restaurant owner Stephanie Bonin started a petition urging legislators to make direct payment of $2,000 for adults and $1,000 for kids throughout the pandemic. As of this week, 2,937,995 Americans have signed the petition.

With the measures presented and issues arising, it is unlikely that another round of stimulus checks will come anytime soon.

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