Last year’s near-universal stimulus checks have given way to a different kind of payment this year. This is in light of the federal government losing interest in sending out more of the monthly child tax credits. The replacement, of sorts? Basic income programs, which are producing direct payments of varying amounts and to varying numbers …
Last year’s near-universal stimulus checks have given way to a different kind of payment this year. This is in light of the federal government losing interest in sending out more of the monthly child tax credits. The replacement, of sorts? Basic income programs, which are producing direct payments of varying amounts and to varying numbers …
Saturday marked the first time since June of last year that millions of Americans didn’t get a monthly child tax credit on the 15th of the month. At the same time, there has been a slew of headlines for weeks about the on-again, off-again political brawl over renewing the monthly stimulus checks. Which may still …
The federal government gave away a staggering amount of money to Americans in 2021 — tens of billions of dollars, in fact, across more than half a dozen stimulus checks meant to help people get through the pandemic. That year-long river of money flowing easily made 2021 the year of the stimulus check. And while …
When it comes to the question of whether or not the Democrat-controlled Congress will manage to pass a new round of stimulus checks before the midterm elections later this year, here’s the rather perverse state of affairs governing everything right now. Nobody is saying this out loud, but it actually works out fine for Democrats …
The Los Angeles Times Editorial Board became the latest entity, in a new commentary this week, calling on Congress to quickly revive President Biden’s expanded child tax credit. Which, as everyone probably knows by now, this month reverted back to its pre-Covid max amount of $2,000 (instead of $3,600). That also means, at least for …
Prior to the coronavirus pandemic, the idea that the government ought to give people a so-called universal basic income wasn’t exactly a mainstream priority in most places. It sounded, in fact, like one of the most radical, progressive concepts out there. Until 2020 came along and upended so much of the established order. Thanks to …
The just-released December 2021 jobs numbers — which showed the fewest jobs added during any month of last year — is one of several proof points that illuminate the not-so-great economy we’re in right now. Or, at the very least, one that’s far from normal. Meanwhile, the Omicron Covid variant also continues to rage around …
Next week (January 15) will mark the first mid-month period in more than six months when millions of Americans won’t be getting a child tax credit payment from the IRS. Those checks started going out last July and continued on a monthly basis through December. President Biden’s plan to extend those stimulus checks for another …
We already knew there would be no additional child tax credit stimulus checks going out on January 15. Because of the Senate’s schedule of business over the next few weeks, though, it’s starting to look like the body has also foreclosed the possibility of getting something done in time to send out checks in February, …
At this point in 2022, the stimulus check story is actually proceeding down two tracks. The first one to note is the obvious one — the one everybody is interested in. It entails the possibility of all-new stimulus checks at some point this year. As in, will we get them or not? And when? Along …
2021 proved to be the year of the stimulus check, and then some. Over the past 12 months, there were more than a half-dozen stimulus checks distributed by the federal government. That wave of payments includes a third stimulus check for $1,400, as well as six monthly child tax credit payments. So many stimulus payments, …
