Everything is going up in price right now, so you don’t need me to tell you that. The cost of gasoline is at an all-time high and is expected to rise even higher each day.
Wouldn’t it be nice to have an extra $2,000 per month right now? As a restaurant owner, Stephanie Bonin was convinced that all Americans should get $2,000 monthly stimulus cheques when she started a Change.org petition two years ago. Over 3 million individuals have signed the petition, indicating that it is having an impact.
Bonin believes that our country is still in a dire state of affairs. Low-wage employees’ genuine unemployment rate is estimated to be over 20%, and many people are still saddled with debts from last year, including utility bills, rent, and child care, despite the economic recovery.
Congressional leaders should take note of this last year and make sure that checks are sent to those who are still hurting as a result. (source)
As far as I know, no. Let’s take a deeper look at the possibilities that are now available.
We’re now where we are.
The American Rescue Plan bill boosted the tax credit from $2,000 to $3,000 for the 2021 tax year, although this expired in 2022. The balance of the 2022 tax credit payments is likely to come in the form of a tax refund, but this is worrying because the IRS has already stated that delays are expected.
Commissioner Chuck Rettig of the Internal Revenue Service said the pandemic “continues to generate issues.”
U.S. Senator Mitt Romney, a Republican from Utah, has a fresh proposal on the table. Families would receive a monthly financial reward of up to $350 for each young child under Romney’s new plan, the Family Security Act. Additionally, each school-aged child would be entitled to $250 per month in benefits.
Despite the fact that Romney’s proposal sounds a lot like the Child Tax Credit, it should be noted that this is not a continuation of the credit program. It is, in fact, a different story. Instead, this law would give a monthly child allowance to families that meet the requirements.
Those who are retired or do not have children may be wondering: what about them?
Is there no one to turn to in these hard times of growing prices? You have fewer options, that’s a hard thing to accept.
Fortunately, you have some control over the situation. As a first step, please sign the petition below and contact your elected officials to express your desire for immediate financial assistance.