When the COVID pandemic was at its worst, the federal legislators went on board and provided around three different stimulus check payments to people that lived across the country. But ever since the March of 2021, no additional legislation has been passed that could issue more money into the bank accounts of the people. As it stands, legislators have already focused on other priorities, and haven’t received much support for another payment. Bu with the rise in inflation, there is a single thing that could change that.
Stimulus Check Payments In The Face Of Recession
Now, if the country goes down into a recession, this could effectively result in legislators issuing another stimulus check payment. There is, in fact, quite a simple reason why a recession would make it feasible for another payment. The payments have already been used in the past to challenge some form of economic downturn, and are definitely an effective tool that would be dealing with the recession.
Back in 2001, the Bush administration had taken action in the light of the recession that was ongoing at that point in time by issuing a sum of $300 for adult tax filers. In 2008, when another recession struck the country, President George W. Bush again signed a bill into law that issued a sum of $600 for most individual taxpayers.
Now, we should mention that it would be quite difficult to predict if a recession actually took place. Some experts are of the opinion that one such recession could very well take place in the next year or so due to supply chain issues, increasing interest rates, and high levels of inflation. But it should also be mentioned that even if the country were to enter into a zone of recession, there is absolutely no guarantee that the stimulus check payments would be coming in definitely.
