Maine couples might receive additional stimulus payments worth $1,700 as early as June 1. The $1.2 billion supplemental budget was recently signed into law by Governor Janet Mills.
The stimulus payments, totaling $850 apiece, will be issued to approximately 850,000 Maine citizens.
Mills was flanked by legislators and cabinet officials when she signed the bill on April 20.
Individual taxpayers must earn a minimum of $100,000 to be eligible for the funds.
Meanwhile, the barrier for heads of households is $150,000, and it is $200,000 for married couples filing jointly.
The budget allocates $20 million to qualifying students graduating between 2020 and 2023 who will be able to attend two years of free community college.
“What this budget demonstrates once again is that hard work and good faith negotiating can bring Democrats, Republicans, and independents together to do what is best for the people of Maine,” Mills said.
“And that we can do so without the animosity and partisanship that has divided Augusta in the past.”
Senior individuals, low-income homeowners, and renters are all eligible for property tax assistance.
CASH BOOST
This is due to a new proposal to see households earning less than $200,000 receive $1,250 in monthly payments.
While the Child Tax Credit hasn’t been issued since December 2021, Utah Senator Mitt Romney has proposed a new program that would be beneficial.
Romney suggested the Family Security Act, which would offer similar stimulus payments to the Child Tax Credit to aid in the reduction of child poverty.
Families with children under the age of six will get $350 per month for each child under the age of six and $250 per month for each older child until they reach the age of seventeen.
In mаximum pаyments, fаmilies could pay up to $1,250 each month.
This is similar to the Child Tax Credit, which gave $300 per month to families with children under six and $250 to families with children ages six to seventeen.
Even though the law has not yet been formally proposed, it is currently being discussed by all sides of Congress.
Single filers must earn less than $200,000, while married filers must earn less than $400,000.
While most families would receive full benefits, Mаrcа stated that Romney’s plan might also help households earn more than the necessary amount.
According to reports, single filers and joint filers who earn more over the limitations will receive $50 less for every $1,000 earned beyond the thresholds.
Unlike the Child Tax Credit, claimants will be compelled to work, volunteer, or train for at least 80 hours each month.
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Romney claims that this bill will cut child poverty in half, help families from conception to childhood, equalize treatment for working and stay-at-home parents, and encourage marriage.
On his website, Romney stated that this plan will “renew our commitment to fаmilies to assist them in confronting the challenges they face as they undertake the most important work any of us will ever undertake–rаising our society’s children.”
