California is preparing to send another round of $600 stimulus payments to qualified residents starting in September. The funds will come out of the $100 billion California Comeback Plan in Senate Bill 129, signed by Gov. Gavin Newsom in July. To qualify for the Golden State Stimulus II payments, residents must file their 2020 taxes…
California Will Send More $600 Stimulus Checks Soon; Here’s Who Qualifies
Weak Jobs Report Raises Doubts About Biden’s Economic Policies
WASHINGTON—U.S. jobs growth for April was far lower than what the market had predicted, adding to the worries that excessive stimulus payments could have undesirable side effects in the long term, making the road to recovery rocky. The April jobs report was the biggest miss on record. According to the Bureau of Labor Statistics, the…
Stimulus Payments Headed to Social Security Recipients Soon
Social Security recipients and other federal beneficiaries who don’t normally file a tax return should expect their coronavirus relief payments soon. The federal government began distributing the third round of economic impact payments in mid-March to millions of Americans. But a paperwork delay temporarily held up payments to Social Security, Supplemental Security Income and Railroad…
Survival Checks Forever?
Commentary Even while $600 stimulus checks are being deposited in tens of millions of bank accounts, congressional Democrats are laying the groundwork for even greater stimulus payments, which some call “survival checks.” As Senate democratic leader Chuck Schumer (D-N.Y.) recently said, “One of the first things that I want to do when our new senators are seated is…
Treasury Sends Millions of Stimulus Payments by Prepaid Debit Card
The Treasury Department’s Internal Revenue Service (IRS) this week began sending about 8 million of the $600 payments approved as part of the latest COVID-19 relief package as prepaid debt cards with clearer identification than last year. The cards will be sent to some individuals who, in the past week, didn’t receive the payments designed…
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