The coronavirus epidemic boosted American firms and labor by a trillion dollars. The government issued stimulus checks in waves, and it appeared that if the epidemic intensified, the government would inject money indefinitely to keep the economy afloat.
Despite significant mask bans and travel restrictions, the United States’ economy rebounded quickly and substantially. In early 2022, inflation skyrocketed to heights not seen in decades, thanks to trillions of dollars in stimulus money in the economy. Thousands of Americans are wondering if a fourth government stimulus check is coming to them, thanks to a fake post being circulated on Facebook.
Memorial Day Stimulus Check Post Is A Lie
A fourth stimulus payment of $2,000 per person will be paid by Memorial Day weekend, according to the tweet, which was liked 250 times.
A fourth stimulus payment of $2,000 per person will be paid by Memorial Day weekend, according to the tweet, which was liked 250 times. Furthermore, the advertising stated incorrectly that a child tax benefit of $300 to $500 per month would be available from July to December.
The whole thing is a complete fake. Last year, Congress passed an economic stimulus package that gave each taxpayer $1,400. The $1.9 trillion covid-19 bailout package contained the check. In terms of the CTC (child tax credit), beginning in July, the IRS will begin providing monthly amounts for an expanded child tax credit.
However, the advertised sum is incorrect, and not every home will be eligible. Between July and December, low-income households can receive monthly stimulus checks of $250 or $300 for every kid. The call for more stimulus will almost certainly grow louder if the economy continues to sputter and another coronavirus variant produces an increase in hospitalizations and fatalities.
Despite the federal government’s apparent withdrawal from the stimulus process, numerous states have picked up the mantle and are moving on with their stimulus initiatives. These are some of the policies that many states are attempting to implement to help their population; however, not all of them will be implemented.