Stimulus Check Might Be In For Millions

Inflation Reduction Act

Stimulus Check announcement comes as a boon to the Americans. A huge chunk of the citizens has benefited from the much-needed financial backup. Common people, businessmen, and many others have already claimed their benefits.

Since the time the administration of Joe Biden announced the Stimulus Checks, American citizens heaved a sigh of relief. Reports portray that financial aid has helped the citizens to focus more on productivity. Now they do not have to worry about their financial burden. Analysts reported a sharp decrease of 10% in defaulters since the onset of aids.

IRS rolled out provisions for aiding families who have a total count of four members. The qualified family is set to receive a sum of $11,400 provided they have two children who are within 17. In case the family has not yet received the Stimulus Check they can check their eligibility on the IRS site.

The rescue plan designed by Joe Biden promises to provide a credit of $3600 to children under 6. It also aids to $3000 for those who are between 6 to 17.

The plan also provides financial relief to middle and lower-class families. Unmarried individuals earning less than  $21,000 can receive the benefits. Families having three children earning under 57400 dollars annually also qualify for the Stimulus.

Stimulus Checks So Far

An extension of $8000 for each child has also been announced. This move is believed to provide huge financial relief to the families that qualify. 

Apart from these Stimulus Checks, added-on assistance has also been rolled out. Qualified citizens can receive up to $50 as monthly assistance for the internet. Financial aids related to Daily Necessities, Unemployment, and Rent Assistance are also up for grabs. Health premiums were lowered by $50 per month. There have been several proposals made to the government. Petitions have been launched and letters have been produced. Some of the politicians too questioned the need for another round of checks. 

The online petition initiated by a restaurant owner in Colorado gathered a lot of momentum. The proposal made in the bill was quite simple. It asked the government to provide a sum of $2000 to each of the Americans. The federal government had provided a series of three checks to selected Americans earlier. 

The stimulus payments helped them recover those debts to a large extent. However, after the rollout of the third stimulus check, there were no more checks on the way. This disheartened the citizens significantly. They are looking up to the government for more such monetary funding. 

Stimulus Check
Stimulus Check

It is quite evident that the federal government will not issue any more checks. But most of the states have issued good news. States like California, Georgia, Florida, New York, and Michigan have announced stimulus checks for their citizens. Apart from the states, a recent announcement has also been made. The Department Of Agriculture has sanctioned Stimulus Checks for farmers. 

Stimulus Check: New Payments

A provision of $700 million has been sanctioned for the new Stimulus Checks. The money will be dispatched to the eligible farmworkers and grocery workers. An amount of $600 will be paid to everyone impacted by the pandemic. Farmers and grocery shop workers had a tough time during the pandemic. They were forced to take leaves that were unpaid. 

Data has been provided by the United Food & Commercial Workers’ Union. It states that almost 22000 laborers lost their lives due to covid infections. The Stimulus Checks aim at providing the workers with monetary relief. 

The threat of another wave of the coronavirus looms large over America. Covid cases have experienced an alarming surge in recent weeks. This has led the people to speculate about a possible shutdown. The dreaded memory of the 2020 shutdown is still fresh in the minds of Americans. A shutdown brings immense pressure on individuals. The economy also takes a huge blow. Households struggle to meet their necessities. Keeping in mind all of these, the citizens are petitioning for the provision of another check. Some states have taken matters into their own hands. They have designed their very own version of Stimulus Checks. 

Third Stimulus check
Third Stimulus check

The petitions and the letters all seem to go to waste. The federal government did not seem to be keen on further payments. The Democrats sent a letter to the President. Two more petitions were signed. The petitions asked for the provision of $2000 & $1200 payments for all the Americans. These payments were supposed to be delivered every month. Any individual who was a lawful resident of America was entitled to receive this money. 

The federal government did not show interest in providing any kore funding. Various states of the country have announced their kind of monetary assistance. California was the first state to announce the news. Gavin Newsom assured a $500 payment to all the residents. The number would increase depending on the criteria. 

Stimulus Checks we’re also distributed by various other states. Colorado announced a $375 benefit for the unemployed. Florida, Georgia & Tennessee rolled out $1000 for their educational workers. New Mexico provided a stimulus of $750 while Texas assured a pay raise for their teachers. Maryland provided an amount between $300-$500 to their teachers as well. The administration of Joe Biden had earlier stated that they were open to suggestions. He stated that the government looked into the welfare of the people. Any suggestions that would help the people will be considered. However, despite a huge demand for the Stimulus Check, the federal government did not respond. Responsibility was vested upon Congress to evaluate the scenario.

They stated that the economy has somewhat bounced back. The rate of unemployment was significantly low. Thus, it did not seem plausible to deliver any further payments. Minnesota residents will be receiving a payment of $1000. This program was proposed by the Governor of the state, Tim Walz. The money will be given to the residents who have an annual income of less than $1,65,000. 

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