The Purpose Of Stimulus Check- To Combat Inflation In The U.S.

Stimulus Check

The citizens of America who are feeling the huge pressure of rising prices of necessary commodities and gas might get some financial relief very soon. Numerous proposals both at the state and federal levels have been introduced, some of which have been already passed in some states. These proposals want to provide eligible citizens with the U.S. stimulus check payments or rebates with different amounts of money either directly in their bank accounts or via checks. 

Federal And State Government Are Sanctioning New Stimulus Check Payments 

Contrary to the previous stimulus check relief, these new payments will be of less amount and this is because the Government wants to tackle inflation and does not want to worsen the condition. There are some plans to target specific groups or sectors like disbursements or gas cards all based on the income of the individuals. 

Three lawmakers namely, Lauren Underwood, John Larson, and Mike Thompson on 17th March launched the Gas Rebate Act of 2022 which would provide a stimulus check of $100 to eligible people and each dependent every month as a rebate for energy. This payment will be received by individual filers if their annual income is less than $75,000 and joint filers with income less than $150,000. 

Brad Little, the Governor of Idaho in February approved a bill that allocated $350 million as tax rebates to the resident of that state. The individuals must file their income tax returns for the years 2020 and 2021 along with the grocery-credit refund returns. The residents of Georgia who are eligible tax filers will be provided with $250 to a single filer, $375 to the head of the family, and $500 to joint filers. 

Similarly, residents of Indiana will also get a stimulus check of $125 after a surplus in its state budget. New Jersey and Mexico will give out direct payments of $500 and $250 respectively to assist the families in this tough time.