![]() There is also the expanded monthly Child Tax Credit (CTC) stimulus payment for families who have qualifying dependents. ![]() These are being done via additional tax rebates and immediate payment for lower income workers who filed a recent tax return. Some states like California however, are making state specific stimulus payments to provide inflation relief for lower income workers which may be replicated in other (Democrat leaning) states. With the economy rebounding strongly, higher inflation and unemployment claims falling, it was hard for most Democrats in Congress to justify spending billions of dollars on even more stimulus payments. Some states and even Congress are also considering a gas relief stimulus check which will pay families up to $400 p/month through 2022. Gas Stimulus? With rising gas prices, many states are providing gas tax holidays which save drivers a few cents at the pump. However progress on a 4th stimulus check has stalled in Congress due to lack of agreement among Democrats and Republicans and what they can sell to their constituents ahead of the upcoming mid-term elections. There has plenty of talk of a fourth stimulus check in 2022, originally as a relief payment in Biden’s build Back Better Bill ( BBB) and now as a way to offset higher costs many consumers are seeing due to record inflation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |