Money State Approves $1,700 Summer Bonus for Couples – See Date $1.2 Billion Pot Pays Thousands

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Couples in MAINE could receive bonus stimulus checks totaling $1,700 as early as June 1.

Governor Janet Mills announced the news as she signed the state’s $1.2 billion supplemental budget into law.

Maine legislators passed a stimulus bill that will result in hundreds of thousands of residents receiving checks.

Around 850,000 residents of Maine will receive stimulus checks totaling $850.

 

Stimulus Check

 

Mills was flanked by lawmakers and cabinet members as she signed the bill on April 20.

Individual taxpayers must have an income of up to $100,000 to qualify for the cash.

Meanwhile, the threshold for heads of households is $150,000 and for married couples filing jointly is $200,000.

“What this budget demonstrates once again is that through hard work and good faith negotiation, Democrats, Republicans, and independents can work together to do what is best for the people of Maine,” Mills said.

“And that we can do so without inciting hostility or bitter partisanship, which has occasionally divided Augusta in the past.”

Additionally, property tax relief has been offered to senior citizens, low-income homeowners and tenants.

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This is because households earning less than $200,000 may receive monthly payments of $1,250 in the future if this new proposal is implemented.

While the Child Tax Credit will not be distributed until December 2021, Utah Senator Mitt Romney has an idea for a similar program.

Romney proposed the Family Security Act, a new program aimed at reducing child poverty through similar stimulus payments to the Child Tax Credit.

Monthly payments of $350 would be made to eligible families for each child under the age of six and $250 for each older child up to the age of 17.

Monthly payments would be capped at $1,250 for families.

This is comparable to the Child Tax Credit, which provided families with $300 per month for children under the age of six and $250 for children aged six to seventeen.

Although the bill has not been formally introduced, it is currently being negotiated by both chambers of Congress.

To qualify, single-taxpayer families must earn less than $200,000, and joint filers must earn less than $400,000.

While the majority of families would receive full benefits, Marca reported that households earning more than the minimum income could also benefit from Romney’s proposal.

According to reports, single filers and joint filers earning more will receive a $50 reduction for every $1,000 earned above the provided thresholds.

In contrast to the Child Tax Credit, there will almost certainly be a work requirement requiring recipients to work, volunteer, or train for at least 80 hours per month.

Romney asserts that this act would eliminate up to one-third of child poverty, support families from conception to childhood, ensure equal treatment for working and stay-at-home parents, and promote marriage.

Romney stated on his website that this plan would “renew our commitment to families by assisting them in meeting the challenges they face as they undertake the most critical work any of us will ever undertake—raising our society’s children.”

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