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What a 4th and 5th stimulus check could do for Americans

A new report suggests spending 4th and 5th stimulus checks could keep 12 million Americans out of poverty

In this April 23, 2020, file photo, President Donald Trump’s name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio.
Then-President Donald Trump’s name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio, in April 2020. A new report from the Economic Security Project found that a fourth and fifth stimulus check could keep close to 12 million people in the United States out of poverty.
Eric Gay, Associated Press

A new report from the Economic Security Project found that a fourth and fifth stimulus check could keep close to 12 million people in the United States out of poverty.

  • The report said more stimulus checks could close racial and wealth gaps within the United States, too.

And the report said that, overall, stimulus checks “have played a critical role in fighting poverty, boosting small business revenue, and increasing state and local revenues,” according to Business Insider.

  • “Evidence from the last year shows stimulus checks to be the fastest and most impactful investments helping Americans get through this crisis, lifting more people out of poverty than any other single policy,” the report said.

The report ended with a simple call for the United States government to deliver stimulus checks to help combat poverty.

Fourth stimulus check coming soon?

There has already been a push for a fourth stimulus check. In fact, 53 representatives sent a letter to President Joe Biden and Vice President Kamala Harris to add a fourth round of federal stimulus checks to help Americans during the pandemic, as I wrote for the Deseret News.

  • “Recurring direct payments until the economy recovers will help ensure that people can meet their basic needs, provide racially equitable solutions, and shorten the length of the recession,” the representatives wrote in the letter, according to Politico.