Stimulus Check Update: These States Have Over $200 Billion To Send Payments Out By End Of 2021

In March, President Joe Biden signed The American Rescue Plan Act of 2021, a pandemic aid package that came with a price tag of $1.9 trillion. The rescue plan has provided a big boost to the economy, which stalled during the pandemic.

There is still money that needs to be distributed. States have until the end of 2021 to give out the $200 billion that was earmarked to them.

Some residents of 10 states might be eligible for stimulus money. Those states are: California, Colorado, Florida, Georgia, Maryland, Michigan, New Mexico, New York, Tennessee, and Texas.

Some of the 10 states have targeted teachers, authorizing both full-time and part-time public educators to receive a direct payment. Then there are states like New Mexico, which will distribute $5 million worth of payments to residents who didn’t qualify for federal stimulus payments, while Colorado sends out $375 to residents who received at least one unemployment payment during a seven-month span in 2020.

Meanwhile, there doesn’t appear to be much of a chance for a fourth round of stimulus checks. Despite a petition for $2,000 monthly stimulus checks and some Democrats on Capitol Hill also pushing for recurring payments, it’s unlikely that another round is coming anytime soon due to an improving economy.

In the spring, Sen. Mitch McConnell, R-Ky., told a Kentucky local television news station that he “can’t imagine the economy is going to need a fourth round.”   ReadMore


Source : ibtimes

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