MANY AMERICANS suffered financially during the Covid-19 pandemic.
In order to help Americans during the financial difficulties resulting from the pandemic, the government sent out stimulus checks.
Read our stimulus checks live blog for the latest updates on Covid-19 relief…
How many stimulus checks did Americans get?
In total, Americans received three stimulus checks since 2020.
The first round of checks was authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, that President Donald Trump signed on March 27, 2020.
The payments for the first checks were $1,200 per person, or $2,400 for those filing jointly, plus $500 per qualifying child.
In December 2020, the second round of stimulus checks was sent out as part of the Consolidated Appropriations Act.
The payments for the second checks were $600 per person, or $1,200 for married individuals, plus $600 for each qualifying child.
One year following the first checks, the third round of stimulus checks was sent out earlier in March under the American Rescue Plan.
The payments for the third checks was $1,400 per person, or $2,800 for married couples, plus an additional $1,400 per eligible child.
How much money did stimulus checks cost the United States?
Between all three checks, the federal government has provided over $850billion in financial relief.
The first round of checks was just shy of $300million while the second round was a total of $164billion and the third checks costs $411billion.
Will there be more stimulus checks?
Over 2.15 million people have signed an online petition started by restaurant owner Stephanie Bonin calling for a fourth stimulus check.
There has been no word on if Congress is planning on passing a fourth check.
In a meeting earlier this week, White House press secretary Jen Psaki was asked whether the Biden administration would support a fourth stimulus check.
"We'll see what members of Congress propose, but those (checks) are not free," Psaki said.
Source: Read Full Article