$1100 fourth stimulus check specifically focused on the low income. Yet again, we have another proposal calling on this check with the option for a recurring payment. I have all the details for you on this topic. All right. So, wow, we have yet again, another proposal talking about a fourth stimulus check specifically focused on the low income. Now, if you saw the topics from last week, we talked about two separate proposals calling on stimulus checks or those vouchers that we talked about in the topics from last week.
However, those were two proposals. This is yet again, another one. So as I talked about it in a video just the other day, I’ve been seeing here over the last couple of days, the last four, five days or so, I’ve seen multiple different headlines, multiple articles, multiple proposals, a lot of people talking about a fourth stimulus check. And here yet again, is another proposal on that which I want to layout for you right here in this topic. So as I did mention at the beginning of this topic, this one is calling on a $1,100 for stimulus check specifically focused on the low income. And here’s something else that’s cool within this one. The option. It gives the option after four months. It gives the President the ability to send out yet again, another check if he feels that the American people need another check even after this one. So I do want to talk to the details on this one. But here’s what’s interesting about it. So with all this inflation going on right now, with everything going on globally, with energy prices spiking through the roof, with everything going up in price, food prices, literally everything is going up right now.
We’ve talked about the low income and the fixed income who really are struggling right now because prices continue to get away. Meanwhile, incomes remain the same. As I also did report just about maybe a week or so ago, one of these big firms came out and said that the average household right now is paying an extra $276 right now because of all of this inflation. That’s a lot of money, especially if somebody’s living on a small fixed income of, say 841 from SSI, 920 from SSDI, 740 from SSDI, or $800 from retirement benefits. I mean, seriously, the benefits are all across the board, but that’s a large percentage of benefits going forward. Well, according to these reports and what this says right here in this one as well, this could actually tick up to about $300 more every single month that each individual household is paying extra just because of all this inflation. So, I mean, that’s a huge number. So anyway, there’s all of these different factors here playing into why this person is calling on a $1,100 for stimulus check and kind of backing up with some more information.
It starts out a little bit slow, talking about oil prices, energy prices, gas prices. It talks about the different States right now that have the highest gas prices, the lowest gas prices, things like this. Stick with it for just a minute. It’s only about two and a half minutes to the article and it comes forward and she lays it all out and it says right there exactly where the source is coming from, the person talking about it, where the person is from, the $1100 amount who would be eligible for it, all of these different parameters. So stick with it. I totally agree, too. When I listen to it, I think, oh, man, this article is kind of slow.
It starts off slow, but then a little bit into the article, it gives you all the details as far as the dollar amount, who’s eligible, all of this kind of stuff. So anyway, and it also does talk about that recurring aspect in there as well, the four-month time frame that I gave you, along with giving the President the ability to send that out.
All right, I hope you enjoy this article fourth Stimulus Check Update New Payments could Come because of Higher prices By Lauren Dubois While the United States economy has come back fairly strong from the blow it was dealt due to the COVID-19 pandemic, it’s hard for the average American to see how with skyrocketing inflation and now even higher costs that are result of the Ukrainian Russian war. However, some are starting to take notice and make the call for more financial assistance. Now, though, if anything comes in the form of another federal stimulus check, it will likely be a long wait. The latest painful increase in price that has been felt by Americans has been at the gas pump, which, according to AAA sits at a nationwide average of four-point $0.32 per gallon. The highest prices in the country are currently being seen in California, where the current average is five point $73 a gallon, with Hawaii, Nevada, Oregon, Washington, Alaska, Arizona, and Illinois all topping an average of over 450 cents per gallon. As of now, the only States averaging under $4 a gallon are Oklahoma, Arkansas, Colorado, Kansas, Missouri, Nebraska, Iowa, North Dakota, South Dakota and Minnesota.
With prices rising so high and in short period of time, new calls are going out for a stimulus check or similar payment from the federal government. In a column for CNN, Mark Wolfe, the executive director of the National Energy Assistance Directors Association, urged the government to help low and moderate-income families with another check if they are unlikely to continue keeping up with the rising costs. Citing a report from Moody’s Analytics, the estimated inflation has increased monthly costs by $276 a month and that soaring fuel prices could skyrocket to more than $300 a month. In his call, Wolf stated that a direct payment through the IRS should be targeted to those earning less than 8% of the national median income, which would help those who need the assistance most while keeping the cost of the program low. He States that Congress should authorize one $0 payment per household to pay for four months of prices, then provide an option, which would allow President Biden to purchase provide another checks at a later date if prices continue to remain high.