Child Tax Credit Stimulus,
According to the IRS, 88 percent of American families will automatically receive monthly payments from the Child Tax Credit, beginning on July 15.
Here's What You Need to Remember: It is important to note that the monthly checks are opt-in rather than opt-out, so it is safe to assume that the vast majority of Americans will receive them month by month. For American families not following the economic debates in Washington, the checks in July, and...
New Stimulus Payment,
Biden has proposed a series of other relief measures, and roughly $4 trillion in proposed legislation has been introduced in Congress.
Here's What You Need to Remember: These proposals have not deterred Democrats pushing for a fourth stimulus check, including the authors of the most recent letter. However, as Psaki observed, such a measure, recurring or otherwise, would have a high cost, and would be politically unpalatable at a time when Republicans are...
As the IRS finishes sending eligible Americans the $1,400 direct payments, congressional Democrats have ramped up calls on the Biden administration to approve of a fourth direct payment or recurring checks.
Here's What You Need to Remember: More than 167 million stimulus payments, worth roughly $391 billion, have been sent out by the Internal Revenue Service since President Joe Biden’s American Rescue Plan passed in March, with millions of additional payments set to...