Stimulus Check 2022: Memorial Day Payment Is False

Stimulus Check
Stimulus Checks

The coronavirus outbreak resulted in a trillion-dollar boost for American businesses and workers. The government made stimulus check payments in waves, and it looked that if the pandemic became worse, the government would continue to print stimulus checks indefinitely to keep the economy afloat. Despite extensive mask bans and travel restrictions, the US economy swiftly and significantly recovered. In early 2022, owing to trillions of dollars in stimulus money in the economy, inflation soared to levels not seen in decades. Thanks to a phony Facebook post, thousands of Americans are asking if they will receive a fourth federal stimulus check.

Memorial Day Stimulus Check Post Is A Lie

According to the post, which received 250 likes, a fourth stimulus payment of $2,000 per individual will be made by Memorial Day weekend.

According to the post, which received 250 likes, a fourth stimulus payment of $2,000 per individual will be made by Memorial Day weekend. Furthermore, the promotion inaccurately suggested that a $300 to $500 per month child tax advantage would be available from July to December.

Everything about it is a ruse. Last year, Congress authorized an economic stimulus package that included a $1,400 tax cut for each taxpayer. The check was included in the $1.9 trillion Covid-19 bailout deal. In terms of the CTC (child tax credit), the IRS will start giving monthly amounts for an enhanced child tax credit beginning in July.

The quoted amount, however, is wrong, and not every house will qualify. Low-income families can get monthly stimulus checks of $250 or $300 for each child between July and December. If the economy continues to sputter and another coronavirus variation causes a rise in hospitalizations and fatalities, the need for further stimulus will almost surely become louder.

Despite the federal government‘s apparent disengagement from the stimulus process, several states have taken up the mantle and are pushing on with their own stimulus plans. Many states are striving to enact these policies to assist their populations; however, not all of them will be enacted.

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