Stimulus Checks have been one of the best things that happened to the Americans. The administration of Joe Biden issued the checks when America was plunged into darkness. Financial assistance acted like a boon for many households.
The impact of the pandemic has left America devastated. The economy has threatened to go down the drain. People have lost their jobs and are worried about the mounting debts. The present scenario is also not very encouraging for the residents.
After the shutdown was inflicted, most of the citizens lost their jobs. This happened because the greater portion of Americans had jobs that required them to function in the field. As factories and offices were closed, the people were sacked. Although some people were working from home, the remuneration they got did not satisfy them. The government structured three checks at the time of the pandemic.
The payments rolled out were $1200, $600 & $1400. This money did provide initial assistance. However, it failed to sustain the household in the long run. People in America are suffering from unemployment. To address such sufferings, Mike Thompson proposed a stimulus check for the residents.
Unfortunately, the proposal has not been sanctioned by the government yet. Let us learn more about the story in detail below.
Stimulus Check Dilemma Prevails
Stimulus Checks proposed by Mike Thompson have been stalled by the government. The politician demanded a sum of $100 for all the taxpayers in America.
He stated that the war between Ukraine and Russia has resulted in a huge spike in gas prices. People are finding it very difficult to cope with the same.
The citizens earning less than $75000 annually were subjected to receive the money. In the case of joint filers, a couple had to earn under $150000 per year.
Unfortunately, the gas stimulus checks were not sanctioned right away. The government decided to wait and analyze the current situation.
It has not been made clear as to when the bill will be passed.