The state of Virginia recently passed a bill that will guarantee a $250 stimulus check to every adult and child in Virginia. The bill has been sent to the Governor’s desk where he is expected to sign it. While many legislators are praising the move as a way to get money directly into the pockets of those who need it most, there are critics as well.
This is a big deal for the state because it’s the first time that an entire state has passed legislation specifically meant to help families recover from the economic downturn by means of stimulus checks.
Stimulus Check Confirmed By Virginia
While many legislators are praising the move as a way to get money directly into the pockets of those who need it most, there are critics as well: they say that while this bill will certainly help some people, it doesn’t address any of their underlying issues which led them into poverty and financial distress in the first place.
The bill has been sent to the Governor’s desk where he is expected to sign it. While many legislators are praising the move as a way to get money directly into the pockets of those who need it most, there are critics as well.
Critics worry that this is not sustainable, and will result in a tax increase if another recession hits Virginia. As the labor market continues to show signs of strength, with the unemployment rate hovering near a five-decade low and businesses having difficulty finding qualified workers, economists have been looking at other potential methods of encouraging more Americans to rejoin the workforce. Among the ideas being discussed by policymakers is the possibility of a new round of stimulus checks in 2022, which would be intended to incentivize unemployed Americans to return to work.
