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STIMULUS UPDATE: New Checks Rolling Out In New States | Details Here


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Last week we brought you details on California’s new round of stimulus checks.

At the time I said the following (and I stand by it):

I used to ask “how dumb are these people” for printing more money during runaway inflation, but they’re not dumb.  They know exactly what they’re doing.  They get to send people magical, printed money all the while knowing it is actually hurting the middle and lower class the most of all by killing the value of each dollar.

Planned.

Destruction.

Details here on what’s coming (of course we turn to MeetKevin, the guru on all things Stimmy):

Oh and of course they come with no strings:

Here’s how much:

From CBS News:

About 23 million California residents will soon receive “inflation relief” checks of up to $1,050 under a budget deal reached by Governor Gavin Newsom and state lawmakers on Sunday.

The checks are part of a $17 billion relief package that will also suspend the state’s sales tax on diesel fuel and provide additional aid to help people with rent and utility bills, Newsom and Senate President Pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon said in a statement.

The agreement comes as California drivers face the highest gasoline prices in the U.S., with the average price for a gallon of gas in the state at $6.32 on Monday — or about 29% higher than the national average. Earlier this year, Newsom had proposed sending stimulus checks of $400 per vehicle to state residents, with a cap of two vehicles. But other lawmakers had pushed for a plan that would provide bigger checks to people who earn less.

The relief checks are designed to help residents cope with “global inflation and rising prices of everything from gas to groceries,” the lawmakers said in the statement. Here’s how California’s plan will work.

Where is the money coming from?

The checks are designed as tax refunds, and stem from the state’s record-setting $97 billion budget surplus.

Who will qualify for an inflation-relief check?

The payments are similar to the stimulus checks sent by the federal government in that they are based on income, tax-filing status and household size.

Lower- and middle-income Californians stand to receive the biggest checks.

Single taxpayers who earn less than $75,000 a year and couples who file jointly and make less than $150,000 a year will receive $350 per taxpayer.
Taxpayers with dependents will receive an extra $350.
In other words, a couple that earns a combined $125,000 and has two children would qualify for $350 per adult plus $350 for their children, for a total of $1,050.

Well, now we have more stimulus from more states!

Let’s start with New Mexico:

From FingerLakes:

Thousands can expect the payments, and it’s those who did not file a state income tax return.

About 33,000 people can expect the stimulus payment.

About $18 million dollars in stimulus payments are being sent.

How do the New Mexico stimulus payments work?

Single residents with no dependents will see $500 payments.

Married residents can expect $1,000 payments.

The stimulus payments are going out both by direct deposit and paper checks through the mail.

If you do have direct deposit, but the payments are denied, a paper check will be sent.

Payments worth up to $3,200 in Alaska

Payments are being sent on a first come first serve basis, meaning they will be sent on an application basis until funds run out.

$20 million was set aside to provide stimulus payments for non-filers.

The deadline to apply is May 31, 2023, but it will end sooner once funds are depleted.

You may also file a tax return, even though you don’t need to, to see what other benefits you might qualify for.

Here are more states on the way:

Not everyone is amused:

Oh, and don’t count out New Zealand:

Newsweek had more details on Maine:

Another round of stimulus checks are headed to Americans in a couple of states that have approved additional COVID relief amid talks of a potential fourth payment from the federal government.

Individuals in Maine and New Mexico could see another check as early as June thanks to lawmakers in those states successfully passing more economic relief for residents. The legislation follows a similar move last week in Alaska, where the state Senate approved a spending package including cash payments of $5,500 for Alaskans.

With inflation at a four-decade high, some state governors and other lawmakers have pushed for new stimulus check payments or rebates in a bid to ease the financial toll on Americans. California, Minnesota, Colorado, Kansas, Hawaii and Pennsylvania also have stimulus proposals under consideration.

Check out below to see if you’re eligible for next month’s checks:

An estimated 858,000 people across the state will receive $850 relief checks to help alleviate rising prices caused by “pandemic-driven inflation,” according to Governor Janet Mills’ website.

To be eligible, individuals must file their income tax return by October 31 as a full-time Maine resident. However, they cannot be claimed as a dependent and must have a federal adjusted gross income (FAGI) of less than:

$100,000 for those filing as single (or if married and filing separately)
$150,000 for those filing as head of household
$200,000 for couples filing jointly
Maine residents are still able to receive these checks after June, although the first round of payments will be mailed as early as next month.

Hey….think that’s bad?

That’s nothing compared to the mother of all cash burns.

Don’t forget Ukraine is on round FOUR of stimulus from the United States (YOUR tax dollars):

Tallying in the BILLIONS with a “B”.

And from CNBC:

Democratic California Gov. Gavin Newsom and Democratic legislative leaders agreed on a $17 billion relief package that includes $9.5 billion in inflation relief funds. Those estimated 23 million California taxpayers will receive between $200 and $1,050 by early next year.

“Millions of Californians will be receiving up to $1,050 as part of a NEW middle class tax rebate,” Newsom tweeted on Sunday.

BOOKMARK IT: Check Out My New Site, NoahReport.com!

“That’s more money in your pocket to help you fill your gas tank and put food on the table,” he wrote.

Who may qualify for ‘inflation relief’ checks

Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint filers with at least one dependent stand to receive the highest possible sum of $1,050.

California filers with incomes above that first tier, but less than $125,000 in income if single or $250,000 if married and filing jointly, may receive $250 per filer, plus another $250 if they have at least one dependent.

Those with incomes above that second tier but below another set of thresholds — individuals with less than $250,000 in income, or $500,000 if filing jointly — may receive $200 per filer, plus another $200 if they have any dependents.

 



 

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