As the election is on the horizon, the main concern for all the political parties is inflation. They are highly concerned about how to take control of it and how to distribute the stimulus checks among people who are struggling to meet ends.
Multiple Stimulus Checks Might Save Households
A study shows the majority votes for further stimulus checks, nearly 63% are with issuing various checks in the future, whereas 42% support receiving checks only. The stimulus checks’ main purpose was to help those people who have lost their jobs and have dependents. During the pandemic, the unemployment rate reached almost 14%, which is thrice the normal rate. Then the federal government issued three stimulus checks, first in April 2020 with $1200, the second one in December 2020 with $600, and lastly in January 2021 with $1400.Those payments were specifically for those who filed taxes and met the IRS criteria.
As inflating is increasing like a plague, billions of people are seeking for further stimulus checks to help themselves with everyday needs. So many states like California, New York, and others have taken the matter into their own hands, they are distributing checks on the basis of tax filing and those who meet the criteria and filed 2021tax. California is issuing a middle-class tax refund policy to help citizens, they have already started receiving checks since mid-October, and the payments are gonna be via debit or credit cards in the mail, otherwise direct deposit in their bank account.
With the need for further stimulus checks and election at the door, a decision cannot be taken in a haste. However, political parties are utilizing relief checks issues a big time for their win. Only 18% are in support of more relief checks whereas only 15% are in denial, neither supporting nor opposing.
