The Federal Government of America has distributed three stimulus check payments to the eligible poor and middle-class citizens in the year 2020 and 2021. This direct payment was given to the citizens so that they could tackle the problems of the coronavirus pandemic. However, no further checks could be authorized by the Federal Government due to a lack of unity among the members of Democrats and the Republicans.
Good News For Colorado Residents As A New Stimulus Check Has Been Issued
The rate of inflation is rising in the country along with an increase in all the necessary commodities required in a household like gas, medicines, food, and others. This is the reason several states have taken separate efforts to distribute new stimulus check payments.
Jared Polis, the Governor of Colorado, worked together with the officials of the state to finalize a ‘Colorado Dividend’ for the residents. As per this proposal, the Government of Colorado will distribute a stimulus check worth $400 to individuals and $800 to joint filers of tax. The funding for giving out these direct checks will be allocated from the surplus budget of the state which will be a rebound the able economy of the state.
These checks will be given to those who will file their income tax return for the year 2021 by 31st May. This legislation, if passed, will provide the direct payment by 15th September. The eligible families or individuals will get the check directly by post.
In the words of Polis, the common people have no choice and they have to buy the basic necessities of life by paying more every day. As these people are not responsible for the sudden rise in the cost of living, the Government instead of keeping all the surplus money decided to give it back to the residents.
The Governor promises that these checks will be the fifth-fastest rebound in the economy of the country and the rate of unemployment currently is 3.7% which can lead to a record surplus in the state budget.
