It’s about that time to receive another stimulus payment. Approximately 667,000 special checks will be sent out following the approval of a $500million package rewarding Minnesotans. The monetary gift is for Minnesotans that worked during the height of the Covid-19 pandemic, officials said.
The benefit is extended to those who are in health care, teachers, and janitors, the Duluth News Tribune explains.
How Much Is The Stimulus Payment
Applications must be submitted by the July 22 deadline and payments are expected to be worth $750.
14 states are offering stimulus payments as an answer to high gas prices and soaring inflation. But some economists warn that stimulus payments in 2020 are what led to current rising costs.
23 million California residents will receive inflation relief as high as $1,050. Georgia Gov. Brian Kemp signed a bill authorizing a one-time $250 tax rebate for single taxpayers; and $500 for joint taxpayers. Other states such as Colorado, Delaware, Hawaii, Idaho, Illinois and Indiana have all filed suit; in issuing tax rebates or stimulus checks.
The Biden administration has previously been in favor of direct stimulus checks, but John Quelch (dean of the Miami Herbert Business School at the University of Miami)says a fourth federal stimulus package for all Americans is “very unlikely.”
“If the Biden administration has not even been able to get agreement on the federal gas tax reduction, it’s very unlikely that any stimulus of this type would be executable at the federal level,” said Quelch.