The first three payments which were issued since the pandemic lasted till 2021 March. However, those stimulus checks were issued for covid 19 related emergencies. The deadly pandemic affected the financial, mental, and emotional health, worldwide. Within a day people’s lives turned upside down. And from 2021 lifestyle started changing for the better, though it will take some time to come to the old rhythm. And in some countries including the USA, the state of emergency remained.
The Emergency Period Blessed Residents With Stimulus Check
The state of emergency is valid until 11th May 2023. President Joe Biden extended the stimulus checks period till May. Previously the democrat was alone in this journey to issue further stimulus checks. After Biden took over the white house, Republicans totally changed their tune about a stimulus check and completely denied any kind of payments in the future. However, Democrats worked hard enough to provide assistance to their citizens. Thus further relief funds were issued, along with child credit taxes, property rebates, and even inflation funds.
The first two checks were supported by the lawmakers, cause they got positive responses from both parties in power. Later, the scenario changed and Republicans denied to involve any kind of further payments, which made the lives of democrats difficult their hand was tied to even issue another stimulus check on their own, with the republican party heavy in the house of congress. It was highly unlikely they would let anything happen, and President Joe Biden, even alone wasn’t allowed to pass a bill without majorities signature.
As a result, the fourth stimulus check wasn’t issued by the federal government, and state governments took responsibility and issued another round, which was smaller in amount. But give a little push to residents’ bank accounts before facing bankruptcy.
If the economic situation in the country deteriorates in the future, there is a very slim to no chance there will be a fourth stimulus check. That would make sense to those residents who face extreme poverty, those payments could be helpful to stay afloat.