Stimulus Check has been a lifesaver for the majority of Americans. When the going got tough, the federal government helped the people. The government devised a plan to provide financial assistance to individuals.
These monetary aids were referred to as Stimulus Checks. In March, the administration of Joe Biden announced the program. The initiative targeted low-income families.
Families affected by the pandemic received special consideration. However, it was discovered that several wealthy families also received the check. The Stimulus Check benefited families with incomes greater than $600,000. A recent survey found that high earners received a $50 stimulus check.
Over 2.5 million individuals signed an online petition in support of increased financial aid. They requested additional funding from the US government, led by Vice President Joe Biden.
The Democratic leaders appear to be cognizant of the intensifying backlash. They are attempting to convince Republicans to increase funding for the Child Credit Tax. The money was extremely helpful in supplementing the children’s basic needs. Parents used the funds to cover daycare expenses. Let’s examine the potential of the new stimulus package in greater detail.
New child tax credit proposal is unlikely to receive a stimulus payment.
The Stimulus Check for Child Tax Credit was a godsend for parents during the epidemic.
Democrats are considering expanding the program due to its tremendous success. Every child under the age of six was eligible for a $300 Child Tax Credit.
Each child aged 6 to 17 will receive $250.
However, the stimulus check does not appear to be approved. Joe Manchin believes that the money will be used to purchase drugs by the parents.
He is not confident that the funds will be utilized solely for the child’s benefit.