The $1.9 trillion aid package signed into law this March by Biden sent most American households a third stimulus check. Some Americans could get a $1,400 stimulus check in 2022 Simply put, the odds of Congress passing a fourth stimulus check are close to zero. The September unemployment rate of 4.8% is slightly below the 5% figure that economists have historically considered “full employment.” And it’s a far cry from the 14.8% rate hit in April 2020. Since May 2020, the economy has added 17.4 million jobs. Secondly, the economy is doing much better now. For comparison, the combined GDP of North Dakota, Rhode Island, South Dakota, Montana, Alaska, Wyoming, and Vermont is just above $350 billion. The last round of $1,400 checks cost the federal government around $400 billion. The same goes for President Biden: When asked about it earlier this year, White House press secretary Jen Psaki told reporters that a fourth check wasn’t on the administration’s to-do list, and noted the checks “were not free.” She’s right: Stimulus checks don’t come cheap. While some progressive activists are pushing for another check, neither Democratic nor Republican leadership is on board with another direct payment. Don’t expect Congress to pass a fourth COVID-19 stimulus check Here are four things to know about the future of stimulus checks in 2022 and beyond. While a fourth nationwide stimulus check is not in the works, it doesn’t mean stimulus programs are one for the history books.
The wind-down of the coronavirus crisis should be the end of the road for stimulus checks in America, right? Well, not necessarily. (In each round, some higher-income individuals got smaller checks, or no checks at all.) The first round of $1,200 checks was issued through the $2.2 trillion CARES Act, which passed in March 2020 as a result of both economic need and political popularity, it would be followed by checks issued in December 2020 and March 2021 of $600 and $1,400, respectively. But none was more popular than stimulus checks. That included everything from generous enhanced unemployment benefits to forgivable small-business loans (through the program known as PPP). In response to the unprecedented nature of the crisis, lawmakers turned to new forms of economic aid.
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