{"id":163751,"date":"2021-01-27T02:58:00","date_gmt":"2021-01-26T23:58:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/capitol-report-your-next-stimulus-check-may-be-the-first-of-several\/"},"modified":"2021-01-27T02:58:00","modified_gmt":"2021-01-26T23:58:00","slug":"capitol-report-your-next-stimulus-check-may-be-the-first-of-several","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/capitol-report-your-next-stimulus-check-may-be-the-first-of-several\/","title":{"rendered":"#Capitol Report: Your next stimulus check may be the first of several"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a955f71d51\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a955f71d51\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/capitol-report-your-next-stimulus-check-may-be-the-first-of-several\/#Democrats_and_allies_looking_at_recurring_payments_to_replace_the_lump_sums_seen_so_far\" >Democrats and allies looking at recurring payments to replace the lump sums seen so far<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/capitol-report-your-next-stimulus-check-may-be-the-first-of-several\/#Jonathan_Nicholson\" >Jonathan Nicholson<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Capitol Report: Your next stimulus check may be the first of several<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Democrats_and_allies_looking_at_recurring_payments_to_replace_the_lump_sums_seen_so_far\"><\/span>\n  Democrats and allies looking at recurring payments to replace the lump sums seen so far<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000142633\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       As the Biden administration looks to quickly pass a third major economic stimulus program, some of its allies on Capitol Hill and elsewhere are mulling mixing up  the formula for payments to households, looking to make them recurring instead of the lump sums seen in the past.<\/p>\n<p> Getting money to households is, for the government, a relatively easy task. Getting them to spend it, however, can be hard \u2014 those not in need of im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te help often squirrel away the extra cash or use it to pay down debt.<\/p>\n<div class=\"paywall\">\n       Recurring payments, in theory, might ease that concern somewhat, by allowing families to plan for better months ahead, advocates say.<\/p>\n<p>\u201cFamilies, small businesses and the overall economy are all pretty much the same on this issue,\u201d said Greg Nasif, spokesman for Humanity Forward, the political arm of onetime Democratic presidential candidate Andrew Yang\u2019s non-profit group.<\/p>\n<p>\u201cThey need to plan their budgets. They do better, and they spend more, when they know what\u2019s coming. That\u2019s why recurring installments of direct payments are so important, whatever the scale and scope.\u201d<\/p>\n<p> Biden\u2019s plan calls for $1,400 payments to eligible family members, which, in addition to the $600 payments <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved by Congress in December, would total $2,000 in support. That would be in addition to the $1,200-per-individual payments sent out last spring.<\/p>\n<p>In addition to Humanity Forward, some Democratic House members are pressing for recurring payments, but in much larger amounts instead of breaking up the $1,400 in the Biden plan.<\/p>\n<p>Rep. Ro Khanna, a Democrat from California and first vice chair of the liberal Congressional Progressive Caucus, has said he wants recurring payments in the stimulus package, but in a far bigger amount: $2,000 a month.<\/p>\n<p>\u201cEven if we can\u2019t get $2,000 in, you get some recurring monthly payments, at least until the summer, so that the Americans have some help,\u201d he said last week. \u201cObviously, I\u2019m going to want to support what\u2019s going to get relief to people, but I think that that would be good to have.\u201d<\/p>\n<p>Rep. Tim Ryan, an Ohio Democrat, has also been in favor of bigger, recurring payments.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cIn the next relief package, I will be continuing to fight to include my legislation that provides a $2,000 recurring payment to every American\u00a0until\u00a0employment returns to pre-COVID-19 levels,\u201d he said in December, in announcing his support of the previous aid package.<\/p>\n<p>But one prominent conservative economist said the recurring-payments idea probably won\u2019t make much of a difference, and the payments in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> aim at the wrong problem.<\/p>\n<p>Douglas Holtz-Eakin, a former head of the Congressional Budget Office and president of the American Action Forum think tank, said people\u2019s consumption patterns would likely not change depending on whether they got money in installments or a lump sum.<\/p>\n<p>\u201cIt\u2019s the same amount of spending in both cases,\u201d he said.<\/p>\n<p> The problem, Holtz-Eakin said, is not that incomes are down on average or that consumption has been constrained by lack of money. He said spending is being held back by by people\u2019s reluctance to spend on things like dining and personal services because of the virus.<\/p>\n<p>That\u2019s a different kind of problem than usual recessions caused by people pulling back on overall spending because of lost jobs or worries about the economy. In those cases, Holtz-Eakin said, stimulus payments make sense because people spend, which preserves jobs, which keeps people spending.<\/p>\n<p>\u201cIf they can\u2019t spend it, that virtuous circle is gone,\u201d he said.<\/p>\n<p>He said the a smarter approach would be to target aid to those who have lost incomes, such as through more robust aid for the unemployed.<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jonathan Nicholson \",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jonathan_Nicholson\"><\/span>Jonathan Nicholson <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D22D298EF76C%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Capitol Report: Your next stimulus check may be the first of several&#8221; Democrats and allies looking at recurring payments to replace the lump sums seen so far As the Biden administration looks to quickly pass a third major economic stimulus program, some of its allies on Capitol Hill and elsewhere are mulling mixing up the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":163752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-163751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/163751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=163751"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/163751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/163752"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=163751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=163751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=163751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}