Anyone who is hoping for more Stimulus Checks in their bank account may be eagerly watching for news from president Joe Biden that could suggest an additional payment is on the way. In fact, earlier this month Biden tweeted that there was more work to do, which gave hope to some that he would push for an expanded Child Tax Credit that would offer more financial relief to parents.
One of the president’s more recent tweets, however, shared some good news – but it also dampened the prospects of any type of stimulus check-in 2023. He recently sent out a tweet touting the success of his economic plan and sharing an important milestone. This is great news that more people are back in the workforce and earning a paycheck again. Direct payments are necessary to improve the economy when things are going badly, and if all is going well as Biden’s tweet indicates there’s very unlikely to be bipartisan support for more financial help.
Does This Mean A Stimulus Check Is Off The Table?
Although the president’s tweet isn’t encouraging to those wishing for more Stimulus Check relief it does not necessarily mean there’s no chance of additional payments coming in 2023 or beyond. Many experts are predicting the country will enter a recession. If that happens then things could turn around quickly in Washington D.C. Both Republican and Democratic presidents have authorized stimulus payments during times of economic slowdown and it’s possible that could happen again if the economy goes south.
Biden also campaigned on the idea of providing more help for families and an expanded Child Tax Credit has long been a priority for Democrats. In fact, those on the left tried to include an expanded credit in the proposed Build Back Better legislation that Biden aimed to get passed during much of the first two years of his term.