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Saturday, October 16, 2021

Stimulus Check Four Unlikely

Stimulus Checks are demanded heavily all over the United States Of America. The people have expressed their desire to get another round of payment. Various petition favoring the fourth stimulus check has been signed. One of the petitions has become hugely popular. Over 2.7million signed the online petition. It was initiated by the owner of a restaurant. However, despite all the requests, the federal government does not seem to take note. The administration of Biden thinks that the economy has stabilized to a large extent. Thus, the chances of another round of Check is very much bleak. 

Stimulus Check Unavailability Might Have A Negative Impact

IRS has dispatched the last of the stimulus payments for this month. The amount of $1400 seems a lot but it did not suffice most f the households. Reports have stated that most of the families are using up the whole amount of stimulus money. The money is spent on necessary spendings. Several people are unable to make any kinds of savings. 

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The petition on Change.Org has had close to 3million signatories. The bill claims for monthly funding of $2000 for all. With the rate of unemployment coming down, the government thinks that the American economy is bouncing back. The percentage of unemployed people came down to 5.4% from a high of 5.9%. 

The reluctance of the government towards more funding has led the states to step up. States like California have already declared a $600 payment for their residents. Several other states have followed suit. The people of America can, however, look upto the upcoming Child Tax Credits. The tax benefits will reach the citizens by the 15th of each month. The threat of yet another covid wave looms large. It remains to be seen how the government reacts. 

 

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