Stimulus Checks were one of the best things that ever happened to Americans. When America was plunged into darkness, Joe Biden’s administration issued the checks. Many households benefited from financial assistance.
Concerns have been raised about a new coronavirus variant. The variant is known as “Omicron.” The deadly variant is expected to have a significant impact. The Federal Reserve’s chairman is Jerome Powell. He has expressed his concerns about the state of the economy. Powell is concerned that the virus will have a negative impact on the economy.
Residents have demanded Stimulus Checks as a result of this statement. They have requested financial security during difficult times. However, the federal government appears uninterested in a new Stimulus Check. During the pandemic, the government set up three checks. The payments were $1200, $600, and $1400.
This money did provide some initial help. However, it was unable to keep the household afloat in the long run. Unemployment is a major issue in the United States. Governor Janet Mills has provided some encouraging news about the stimulus checks. Let’s take a closer look at the story down below.
Eligibility for the Maine $850 Stimulus Checks
Stimulus checks have been announced for Maine’s taxpaying citizens. Governor Janet Mills proposed the idea years ago.
The program was recently approved by the state government. The bill is known as the “Supplemental payment.”
To fund the checks, a budget of $1.2 billion has been set aside. The money is expected to benefit nearly 800,000 residents.
Maine residents earning less than $100,000 per year will be eligible for the stimulus check. The income limit is set at $150000 for the head of the household and $200000 for married couples filing jointly.
The amount to be sent by the government is estimated to be $850.