Stimulus Checks have been one of the best things that happened to the Americans. The administration of Joe Biden issues the checks when America was plunged into darkness. Financial assistance acted like a boon for many households.
A new variant of the coronavirus has been a reason for concern. The variant has been termed “Omicron”. The impact of the deadly variant is expected to be significant. Jerome Powell is the chairman of the Federal Reserve. He has expressed his concerns about the economy. Powell is fearful of a negative impact on the economy by the virus.
This statement has made the residents demand Stimulus Checks. They have asked for financial security in times of doldrums. However, the federal government still does not seem interested in a new Stimulus Check. The government structured three checks at the time of the pandemic. The payments rolled out were $1200, $600 & $1400.
This money did provide initial assistance. However, it failed to sustain the household in the long run. People in America are suffering from unemployment. Governor Janet Mills has provided some good news regarding the stimulus checks. Let us learn more about the story in detail below.
Stimulus Check: Eligibility For The Maine $850 Checks
Stimulus Checks have been announced for the taxpaying citizens of Maine. Governor Janet Mills proposed the idea a long time back.
The program was finally sanctioned recently by the state government. The bill is termed the ” Supplemental payment”.
A budget of $1.2 billion has been set aside to fund the checks. Nearly 800000 residents are expected to be benefitted from the money.
Residents of Maine earning within $100000 per year will be eligible for the stimulus check. The income ceiling is capped at $150000 for the head of the household and $200000 for couples filing their taxes jointly.
The amount to be dispatched by the government has been estimated at $850.
