While there has been public support for another Coronavirus relief bill, a lack of action by Congress has led many to believe that more COVID-19 stimulus will not be forthcoming.
Another relief package, however, with an estimated price tag of a $68 billion budget, is being drafted by a bipartisan group of lawmakers.
According to preliminary reports, this relief bill will be more targeted than the last one, and it is likely that it will not include another direct deposit into Americans’ bank accounts.
There is a Proposal to Pass a Fourth Covid-19 Relief Bill
As a result of the omicron variant, COVID-19 cases will surge in 2022, Democrats and Republicans are now discussing the possibility of providing COVID-19 relief funds.
The bipartisan negotiations that have been ongoing in recent weeks are being led by Senators Ben Cardin (D-Md.) and Roger Wicker (R-Miss.).
Their initial plan as outlined at the end of December 2021 would provide a total of around $68 billion in relief.
This would include both some new government spending, as well as some repurposing of funds that were appropriated by prior COVID-19 bills.
Unlike the previous three bills, this relief bill would not directly benefit most Americans.
The legislation instead seeks to offer assistance to businesses in certain industries most at risk of being disrupted by omicron variants.
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Restaurants, gyms, performance venues, and minor league sports teams are among those industries.
Nonetheless, all members of the public could benefit from a stronger federal presence in their local economy.
By providing relief funds, companies and residents could avoid closing and reducing the number of goods and services available.
Moreover, they could prevent prices from increasing by preventing businesses from raising prices as a result of ongoing economic uncertainty and by preventing business closures that may result from economic uncertainty.
In an era of surging inflation, any measure that helps prevent further costs from increasing would be welcomed by most Americans.
Though, this legislation is not guaranteed to pass.
At least, the fact that some bipartisan support the bill has shown that everything seems encouraging since the last COVID-19 relief legislation was passed on a party-line basis by Democrats.
Senators Maria Cantwell (D-Washington), Mark R. Warner (D-Virginia), and Susan Collins (R-Maine) are among the lawmakers drafting the current plan.
For legislation to pass in the Senate, 60 votes are required to overcome a filibuster.
In addition to providing greater support for businesses as a result of omicron, lawmakers may also be able to pass another relief bill for individuals.
Therefore, the fourth check-in 2022 may not be entirely out of the question.
