Stimulus checks are returning to crank up even more inflation!
Well, at least if you’re in deep-blue New York.
In our prior report, we noted the latest STIMMY in the Socialist State of California.
The liberal coasts tend to follow each other with idiotic policies.
So, it's not surprising to see New York dish out its latest STIMMY.
New Stimulus Check from New York: Gov. Issues New Child Tax Credit for Low-income Families https://t.co/NIAdv8stkS pic.twitter.com/3i41ih9wyY
— 24/7 Wall St. (@247WallSt) September 12, 2022
"In an effort to combat inflation and improve affordability, lawmakers in New York have announced millions of dollars of tax relief. This new stimulus check from New York will go to residents who received the Empire State Child Credit or the Earned Income Credit on their 2021 tax returns," 24/7 Wall St reports.
Stimulus checks to combat inflation?
That's Economic Clown World 101!
However, these politicians know exactly what they're doing to New York residents.
While this 'tax relief' provides a temporary sugar high, the long-term cost of living will continue skyrocketing.
Yet, uninformed citizens fall for this scheme over and over again.
From 24/7 Wall St:
Under the program, about two million eligible New Yorkers could get a payment of $270.
On Thursday, Gov. Kathy Hochul announced that $475 million had been set aside to provide a one-time child credit to eligible New Yorkers.
Gov. Hochul and members of the state legislature approved this new payment, called the “Additional NYS Child and Earned Income Tax Payment” as part of the FY 2023 Enacted Budget.
“With this relief package, we’re making good on our commitment to helping hardworking New Yorkers through the nationwide affordability crisis,” Gov. Hochul said.
Taxpayers who either qualify for the Empire State child credit or the earned income credit of at least $100 or both will qualify for the new stimulus check from New York.
Another requirement is that the residents must have filed their New York State income tax return by April 18, 2022, or had a valid extension of time to file.
Eligible New Yorkers will get the payment automatically. The Department of Taxation and Finance will start mailing the checks to eligible New Yorkers in September, and issue most payments by the end of October.
Read further info at New York State.
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