But the last one has also been blamed for the current high rate of inflation. They are credited with supercharging the economic recovery which had begun to lag at the end of 2020 as a new variant caused infections to surge. Two more rounds of stimulus checks were also passed in the interim of up to $2,000 in total. Those benefits were extended in 2020 and again in 2021 but have now ceased, being seen by some as the reason behind a severe labor shortage in the US. Congress acted rapidly to pass the 2020 CARES Act to get relief to businesses and households, including the first round of stimulus checks of up to $1,200 for eligible adults and $500 per qualifying kid under age 17.Ĭongress also passed generous enhanced pandemic unemployment benefits which kept households afloat where workers’ businesses were shuttered or they had to stay home because of pandemic-induced upheavals in their lives. When the US and the world were put on lockdown, millions of workers were confined to their homes sending the unemployment rate skyrocketing to 14.7 percent in April 2020. Which states offer direct payments for residents?Ĭongress previously acted quickly to get relief to Americans affected by the pandemic.
#WILL THERE BE ANOTHER STIMULUS CHECK FOR AMERICANS UPDATE#
VP Kamala Harris provides update on Child Tax Credit.
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