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Tuesday, August 9, 2022

New Stimulus Checks To Be Dealt Out

The Democratic Governor of Pennsylvania Tom Wolfe has called for state legislators to approve his plan to use federal Covid-19 relief money for a stimulus check.

Wolf is hoping to splash $500million from his state’s $2.2billion in unspent coronavirus relief funds to help people living in the state deal with the cost of living.

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The plan, if it is passed, would be a one-time payment worth up to $2,000 for some recipients.

Households with an income of $80,000 or less would be eligible for the stimulus checks if the governor’s proposal passes.

Wolf’s plan is backed by State Rep Maureen Madden who said it would be of great assistance for those facing “severe economic hardships”.

Newark Provides More Stimulus Checks

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Newark Mayor Ras J Baraka said: “At a time when our city still faces the challenges of COVID-19 and its economic impact, the biggest and most important institution that we should be investing in is families.”

“This will give our residents a much-needed boost and allow them to participate in the economy, regain their economic independence and strength, and move toward prosperity.”

“This type of intervention can support our economy and our future.”

An expansion of Newark’s guaranteed income pilot program means 400 residents will receive payments totaling $12,000 over two years.

Half of the program’s participants will receive $250 on a biweekly basis.

The other recipients will pocket two payments of $3,000 each year.

Furthermore, 24 percent of respondents had no money set aside for an unexpected bill, the poll revealed per National Interest.

A third of working adults say they would be extremely or somewhat concerned about their capacity to pay a $400 emergency bill, while 8 percent say they wouldn’t be able to afford it at all, according to the study.

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