Following the outbreak of the Covid-19 epidemic, America’s economy was severely impacted. Though the country was slowly recovering from the disruption in the second half of 2021, Russia invaded Ukraine, badly impacting the global market.
In California and Mexico, new stimulus check payments are being introduced.
Inflation is rising daily and has reached levels that citizens have never seen before, with energy products being the most brutal hit. The cost of gas and oil has been increased due to the United States’ restriction on Russian oil imports. Several suggestions from various leaders involving gas stimulus check payments or rebates are being scrutinized by Democrats.
The Gas Rebate Act of 2022 was introduced by three legislators, John Larson, Lauren Underwood, and Mike Thompson. Each month, a $100 stimulus cheque will be issued to eligible individuals and their dependents according to this idea. However, the gas price must be more excellent than $4 a gallon for such payments to be made.
Due to the increase in inflation in New Mexico, the government is providing a stimulus payment worth $500 to single filers and $1,000 to couple filers. This direct payment will be split in half, with one half arriving in June and the other arriving in August.
California Governor Gavin Newsom recently proposed a $400-per-month stimulus boost to every family with at least one but no more than two vehicles. The vehicles must be registered with the state, and the check must be received by July. This stimulus cheque is part of an $11 billion assistance package, of which $9 billion will be sent as a tax return to households affected by the recent gas price spike. Finally, he decided to provide free public transit to inhabitants of the state for three months.
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