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Family of four to receive $8,200 in economic assistance under new stimulus package

Family of four to receive $8,200 in economic assistance under new stimulus package

Senate Majority Leader Chuck Schumer notes that the stimulus bill will be very broad.

A family of four, that is, two parents and two children, could receive up to $8,200 dollars in economic aid in cash with the new stimulus bill promoted by President Joe Biden.

This was advanced by Senate Majority Leader Chuck Schumer (N.Y.), who gave the figure at a press conference, where he noted that it will help the country “climb out of the economic ditch” caused by the pandemic.

“Here’s a small number, $8,200 (dollars). A family that earns $75,000 (a year) and has two children, in other words, a family of four with two children, will receive $8,200 in additional direct assistance,” the senator advanced. “That’s between the direct payments and the doubling of the child tax credit that the House already reported, and both have strong support among Democrats in the Senate.”

Schumer is referring to the $2,800 that a couple filing jointly would receive, in addition to the tax credit that would require the IRS to send up to $3,600 per child between the ages of 6 and 17. The amounts could be higher, depending on the family.

The senator did not elaborate on other benefits that could add at least another $1,500 for very low-income couples.

“We want to get out of that ditch, the pandemic ditch, both in terms of health and economically as quickly as possible,” he said.

The senator stressed that this will be possible with the majority Democrats have in the Senate, achieved with the victories of Georgia Senators Jon Ossoff and Reverend Raphael Warnock, who joined him at the press conference.

“They are working together with Democrats in the Senate to deliver much-needed pandemic relief to their home state,” Schumer said. “If this little event today has a message, it’s three words: elections have consequences.”

He recalled that Minority Leader Mitch McConnell (Ky.) “would not be working” on the economic relief package if Republicans had maintained control, which is why he highlighted the addition of Ossoff and Warnock to the Democratic caucus.

“The addition of these two men to the Senate makes that very, very likely and very, very real, because it allows us to build, in a much stronger way,” he said.

He said the new bill, estimated at $1.9 trillion is by far superior to the one passed in December.

“Democrats are on track to secure another round of direct payments, an expansion of the Child Tax Credit and the Earned Income Tax Credit,” Schumer advanced. “Other things they’ve been pushing for: funding for historically black colleges and universities, minority institutions and tribal colleges, debt relief for black farmers.”

He singled out the African-American community in Georgia, which will benefit greatly from the bill, but so will other minority groups across the country.

“Once again, in terms of direct assistance to Georgia families, Senators Ossoff and Warnock will help deliver an additional $8,000 (sic) for an average family of four,” he noted. “That makes a big difference in their lives.”

The bill continues its integration under Budget Reconciliation and is expected to pass in at most three weeks.

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