This should help cool inflation...
Next Wave of Stimulus Checks Coming, Even With Inflation Nearing 40-Year High
Multiple states will soon be sending out stimulus checks and other financial relief, a decision that some believe will make the 40-year-high inflation even worse.
In California, individuals will get up to $1,050 between October 2022 and January 2023 as inflation relief checks based on their tax filing status and income. The Colorado Cash Back Bill, signed on May 23, will give citizens aged 18 years and over tax rebates of $750 per individual tax filer and $1,500 for joint filers. The checks will be sent by Sept. 30.
In Georgia, taxpayers can get anywhere from $250 to $500, according to a refund law signed into law in March. The payments were due to be issued in early August. In Florida, around 59,000 families will receive a one-time payment of $450.
Maine will hand out $850 per single tax filer and $1,700 per couple. In Massachusetts, the local government plans to refund 7 percent of the 2021 taxes paid by citizens. Virginia residents can claim anywhere between $250 and $500 as tax rebates. Oregon has approved $600 in one-time assistance checks to low-income residents.
In South Carolina, taxpayers can get up to $800 in income tax rebates. In Delaware, each adult was scheduled to receive $300 as a one-time payment under the Delaware Relief Rebate Program signed in May.
New Mexico has announced $500 to married couples, while single filers and married people filing separately can receive up to $250. In addition, all citizens who have filed their 2021 personal income tax will also receive another income tax rebate, half of which was paid in June while the remaining half is due in August.
Worsening Inflation
These state-level stimulus checks and tax refunds come after the federal government pumped in billions of dollars in the form of COVID-19 relief assistance in the past years. According to Christina Herrin from the nonprofit Citizens Against Government Waste (CAGW), stimulus checks by states are a “fruitless attempt to combat inflation.”
Next Wave of Stimulus Checks Coming, Even With Inflation Nearing 40-Year High (theepochtimes.com)
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