Although no new Federal stimulus check program has been announced in the United States, a Democratic Governor has recommended a fast-track check for the people.
Though there was considerable discussion about the federal government providing a fourth stimulus check, White House statements indicated that it was a bad idea.
Governor Jared Polis of Colorado, on the other hand, has announced legislation that will provide financial assistance to qualifying American families.
A $400 stimulus check will be distributed in Colorado.
Jared Polis and the state legislature collaborated to create the Cashback program, which aims to assist middle- and low-income families by delivering a $400 stimulus check.
The Governor’s announcement comes at a critical time in the country’s history, as the country’s inflation rate continues to rise daily.
The Labor Department reports that the country’s current inflation rate is 8.5 percent, the highest in 40 years.
Each day, individuals must pay more for basic goods and services such as groceries, rent, gasoline, and medications. The cost of living continues to rise, and people’s purchasing power continues to dwindle.
According to the Governor, the general public is not at fault in this scenario and should not bear the brunt of the consequences.
Rather than keep the residents’ money, he chose to return it to them via a stimulus check. These checks will be distributed to individuals who file their taxes by May 31, 2021.
Individuals would receive $400 from this stimulus payment, while married couples filing jointly would receive $800.
If this bill is passed, direct payment will begin on September 15th. Checks will be mailed directly to eligible families or individuals.