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Fourth stimulus check: Another payment could lift millions out of poverty
Matt BosterViewed: 5243
Posted by: Matt Boster
Date: Apr 12 2021 2:04 PM
According to an article on WDHN: A fourth stimulus check could lift over 7 million people out of poverty, according to new analysis from the Urban-Brookings Tax Policy Center.
According to the study, the third stimulus check that was part of the American Rescue Plan will reduce the number of people in poverty by 11.4 million.
“Another round of payments could lift an additional 6.6 to 7.3 million people out of poverty, depending on whether the payment was restricted to citizens or made available to everyone,” the group wrote in its official report.
The number of people impacted by a potential fourth stimulus payment would also depend on the timing of an additional payment being approved.
Millions of people have already received their third stimulus check, but others are still waiting, and there are a few reasons why. The Internal Revenue Service (IRS) started processing payments in March and some people got them just a few days later via direct deposit.
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