Several states are considering stimulus checks to counter high inflation
Several states are considering stimulus checks to counter high inflation

Several states are considering stimulus checks to counter high inflation

Even as federal policy makers desperately try to curb rising inflation, Federal Reserve Chairman Jerome Powell has informed Americans that measures are being taken that can cause some pain. To address the high inflation and the difficulties it has caused, states have intervened for their citizens with multiple stimulus checks.

While several states are considering sending direct stimulus checks to their residents for immediate relief from the high prices of essentials and gas, and also to help recover from the aftermath of the pandemic. The others will receive their stimulus checks as a deduction in their tax returns.

Each state has come up with stimulus checks of different amounts

– Advertisement –

California was among the first states with their version of the third stimulus check with two rounds of the Golden State Stimulus. Now, Democratic state senators have proposed a $ 200 one-time stimulus check to families earning $ 250,000 a year. Under this proposal, families with children will receive an additional $ 200 for a child. The package is expected to cost the state a sum of $ 8B.

About 3M households in Minnesota will receive a $ 500 stimulus check, even though it has not yet gone through the legislature. Governor Tim Walz has said this remains the highest priority.

Colorado gave a cashback program to give eligible citizens a stimulus payment of $ 400 in the summer. The plan was submitted by a House committee this week.

– Advertisement –

Kansas has announced a $ 250 one-time tax deduction for residents who have filed their tax returns for 2020. Governor Laura Kelly said rising costs prompted the decision.

The Hawaiian legislature is on the verge of approving a $ 300 tax rebate for each tax registrar earning less than $ 100,000 and $ 100 for residents earning more.

Pennsylvania has gone ahead with a plan to provide direct stimulus control to residents. Governor Tom Wolf has proposed checks worth $ 2,000 to families with an income below $ 80,000 a year.


Leave a Reply

Your email address will not be published.