It looks like your next stimulus check will be a lot bigger than the first

[Andy Meek]

• President-elect Joe Biden is expected to make the passage of a new coronavirus relief bill -- which includes funding to provide most Americans with a second stimulus check -- a priority once he takes office.
• Congress has been gridlocked for months over what a new coronavirus relief bill should consist of, which unfortunately means that no progress has been made on new stimulus checks, either.
• However, here are some of the reasons why the next round of stimulus checks could include bigger amounts than the first round did.

It's not just national political leaders who have stepped up their calls on Congress to finally, after months of delay and gridlock, pass another coronavirus relief bill that includes funding to provide most Americans with a second stimulus check. In a new open letter, a group of more than 125 economists is now advocating for the same -- specifically, more stimulus that includes new direct payments to families hit hard by the coronavirus pandemic.

The economists include a former advisor to President Obama, economist Jason Furman. “We urge policymakers to use all the tools at their disposal to revitalize the economy, including direct cash payments, which are one of the quickest, most equitable, and most effective ways to get families and the economy back on track,” the economists write in the open letter. Additionally, they point to research from the Urban Institute that points to stimulus checks being a tool that could keep some 14 million people out of poverty.

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It looks like your next stimulus check will be a lot bigger than the first originally appeared on BGR.com on Tue, 24 Nov 2020 at 14:41:50 EDT. Please see our terms for use of feeds.

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