Stimulus Check $100, $600, $1,400 for the Low Income

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Stimulus Check $100, $600, $1,400 for the Low Income
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$100 plus $600 plus $1,400 specifically focused on the low income. I have all the details and what you need to know about these numbers right here on the topic. So I think all of us completely understand that the low income and fixed income need additional money on an ongoing basis, whether it happens to be ongoing monthly checks, a one-time lump sum payment, a raise to monthly benefits, some type of stipend program, or anything else along these lines, I think we all completely unanimously agree that the low income and fixed income need more money wherever it happens to come from doesn’t really matter. Ongoing checks are what the people need right here, right now.

Well, there are actually some programs out there that do exactly that in the amount of $100, $600, and even $1,400, whether it happens to be an ongoing check or even a one-time payment, which is exactly what I want to talk through right here on this topic. As I do understand, many of you are low-income or fixed-income. And as I’ve always said, my dedication is to help you out in any way that I possibly can by keeping you updated and making sure that you’re grabbing as much money, benefits, programs, and anything else you possibly can right now. So let’s get into it and talk about all the details specifically focused on each of these different dollar amounts, however, really fast.

Like I just said, I’m very much dedicated to helping you out in any way that I possibly can by keeping you updated and making sure that we’re staying on top of anything that is coming out right now. As far as all of these announcements, multi billion-dollar packages and everything else that continues to hit the table, whether it’s announced by Congress, announced by the administration, or all of these other programs that are still coming into fruition as a result of the $1.9 trillion package that was signed into law last year and the $1.2 trillion infrastructure package that was signed into law just a few months ago, there’s still a lot of stuff out there and more of these programs continue to pop up and give out more benefits for the low income and fixed income. Therefore, I want to continue helping you out.

All right So in this topic, we’re going to be specifically talking about some programs that are out there now.

And again, I want to lay it all out for you and show you the most promising of all of these things that are on the table right now, specifically focused on the low income. In fact, if you’ve been reading the topics here on the site for any length of time now, you’ve seen over the last four, five, six months or so, we’ve seen multiple different pieces of legislation hit the table that have been introduced by multiple different lawmakers to send out, whether it’s a one time check, a lump sum payment, a voucher program, a rebate program, some type of prepaid debit card, all kinds of things. If you can think of it. They’ve probably introduced it here over the last six months or so. Well, out of all these different proposals, there are actually a few of them that actually are pretty promising considering all of them that have been introduced, there’s only a small handful that have kind of made it through the filters and that have actually made it down to the bottom that actually do look pretty good when it comes to the low income.

So I do want to talk you through all the details on this, because in my opinion and based on all the research and everything that I’m finding on all this stuff, these are probably the most likely to actually happen in the event something happens Right. So let’s go through these one at a time. And obviously, we will go through these in the lowest denomination. Up to the highest denomination, as in the lowest dollar amount up to the highest.

All right So here’s what it is. First off, I quickly want to talk about this $100 per month. Now, this would be an ongoing monthly check program Okay.

Here’s what it comes down to. A couple of months ago, a small handful of Democratic representatives came out and introduced the Tax Rebate Act of 2022, which would send out ongoing $100 checks per person. So $100 for you, $100 for your spouse if you are married, and again, another $100 per dependent on ongoing monthly basis, provided gas prices are above $4 per gallon on a national average. Well, get this $4 per gallon average would be like a blessing right now Right.

Considering where we currently are, as we are rapidly marching towards $5 per gallon, $4, we’re significantly above that. So as a result of this bill, that money would still be going out. And if they would have enacted it a few months ago when they first introduced it, they would actually have already paid us hundreds of dollars at this point. So at this point, they already owe us a few hundred dollars as a result of this bill. So this one would have ongoing monthly checks.

And maybe there’s a reason that they don’t want to do this one quite yet because they already see where gas prices are going and they see that every time that it continues to go higher. Oh, that’s just more billions of dollars going out of their pocket, which ultimately is just taxpayer dollars anyway. So it’s kind of just flowing back to us at the end of the day. So anyway, this is one of the most promising programs that are out there right now for ongoing monthly checks for the low-income All right.

Next, let’s quickly talk about the $600.01 time check. Now, this is not an ongoing check, but rather this is a one time check specifically focused on again, the low income. In fact, this check is even more highly focused than the $100 ongoing monthly checks. Let me quickly tell you this much. The $100 ongoing monthly checks are for those people with an annual income, $75,000 as an individual and $150,000 as a married couple.

That’s what they’re determining as low income. However, this $600.01 time check would be specifically focused on $40,000 of income or less for an individual and $80,000 or less as a married couple. So again, this one is much more highly focused for the low income. Right here on the channel, we’ve been identifying people with a low income as $40,000 and less. It’s kind of the number that we’ve been banking on and kind of the number that we’ve been rolling with here over the last year, and a half or so.

But again, these are their definitions. Again, it doesn’t really matter what our definitions are because at the end of the day, it’s about what they write into the legislation. But anyway, this is a one-time check in the amount of $600 per person, $1200 for a married couple. And here’s what it comes down to. This one would be used for food and fuel.

This one is actually called the Food and Fuel Family Savings Act, and it was introduced by Senator Jack Reed, who is a Democrat out of the state of Rhode Island. Now, this payment would be going out to millions and millions of people, but it would be a one time check. And then again, it sounds like you’d have to spend it on food and fuel. Not really sure how they would monitor that or how they would actually break that down to make sure that we’re actually spending it on food and fuel. And then we’re not out actually spending it on other stuff, whatever other stuff happens to be not really sure how they would actually administer that as far as how they would actually kind of follow it and track all the payments.

But anyway, that’s up to them to figure out. We don’t need to figure that out. That is for them to figure out and we don’t have to worry about it. But anyway, this is the one time check in the amount of $600. And again, this one also looks very promising.

Now, if we happen to be counting dollars here and if we’re splitting hairs and if they’re trying to save money, pinch pennies, things like this and figure out what they can do for the American people to actually cost the least amount of money, honestly, sending out this check would be a much better bet than the ongoing $100, because at the rate that things are going and based on the current anticipations and reports coming out of firms like JPMorgan, they’re actually anticipating $6 per gallon of gas as a national average by August. So that’s far above the $4. And it’s going to take a very long time to come back down from that and go beyond $4 if ever in the history of the world, if it ever comes back down below $4 a gallon, if it actually does go up to $6 per gallon. So just a couple of other thoughts there. So they may actually be getting themselves into a little bit of a situation if they would be going out sending out ongoing monthly checks on an ongoing basis, provided the parameters are over $4 per gallon.

Right. So anyway, I’ll keep you posted on that. But again, this is another one that does look very promising based against all of the other reports out there and all of the other bills, introductions, and all of the other piece of legislation, this one does look very promising as well. And by the way, we’re talking about probably seven, eight, maybe nine different proposals that are on the table. And actually, these three are by far the most promising.

All right. So next, let’s quickly talk about the $1,400 check. Now, again, this would be a one-time check. This would not be ongoing. That sure would be nice these days.

But no, this would not be ongoing, but rather just a one-time payment. Now, this one has come out. Remember a few months ago the Senior Citizens League was out calling on Congress to actually approve a $1,400 stimulus check, again, focused on fixed income beneficiaries? Well, this one has been floating around a bit, and there has been calls and talk about, again, a $1,400 check. Now, again, we’ve also been talking about and calling on Congress to issue a $2,000 check.

But at the end of the day, that might be a little bit above and beyond what they’re actually willing to do, even though they talked about, oh, we sent out a $2,000 check-in 2021. No, they didn’t. They said they did. They didn’t. I didn’t receive $2,000.

I’m not sure about you, but I certainly did not receive 2000 from them, even though they said, oh, we sent out $2,000 checks. No, they didn’t. A $600 went out and then a $1400 went out for a total of $2,000.

All right. Anyway, but this one is still out there floating around. And again, in the event that they do send out a fourth stimulus check, again, just saying a big if right now, if they do happen to approve another one, I would not be shocked one day to see them approve a $1,400 check simply because this is what they approved last time about over a year ago. Now, back in March of 2021, when the last one went out for $1,400, it’s kind of a common number.

We’re familiar with it. It was a good number. We were all happy with it. It helped out a lot at the time, even though inflation was significantly less back then than it is now. But this is a very common number that in the event of a forced stimulus check, which again, if they did it, it would be highly, highly focused on the low income.

But this one $400 number, again, would be a pretty promising number in which they could probably see them doing this in the event of a forced stimulus check, regardless of which program that they would do here. Again, if they’re trying to pinch pennies, trying to actually split hairs here, the better bet between all of these would maybe even be the $1,400 check. You know what I mean? Because if they do the $600, okay, that’s fine. But it’s going to keep everybody in the same situation that we’re currently in right now.

We get $600. We spend it immediately. And then what? We’re right back at square one, right? We’re right back at where we started.

Not a good situation. However, if they did 1400 right off the start here, it’d give everybody more than double the 600 it may be. Give us a little bit more of a runway to go on for maybe a month, two months, something like this. It would help alleviate some of the inflationary pressures for at least a little while. And the ongoing $100 check again, if they’re counting pennies here, this one’s going to cost them way more at the end of the day.

At the end of the year, if this is ongoing versus just a one time big payment of 600 or even $1,400 kind of makes sense. So anyway, as we look at all the different proposals that are out there on the table right now, by far these three are the most promising. In the event that Congress does approve something, it would be one of these three does look by far the most promising. These ones have kind of stood their ground for a very long time now. Meanwhile, many of the others like the voucher programs and all of these other prepaid card programs and stuff like this that have hit the table, they’ve essentially just disappeared.

They’re pretty much nowhere to be seen anymore. So in other words, great idea at the time. But then, no, we’re not interested kind of thing. And then they just disappeared. So anyway, these are the updates for you again.

I hope this one helps you out to better understand what is currently on the table right now, what may be coming. And again, we’re waiting for a congressional action but there are some potential catalysts out there right now that may actually be expediting this process again. It all takes time and as I do get more information, of course, I’ll be right back here for you breaking it down, letting you know what is actually going on and what may be actually happening to help you out during this very kind of tough time that we’re going through right now with rapidly rising prices. So again, thanks so much for visiting our site.

Share this topic with your friends, family, and on social media. Enjoy your day and I’ll catch you later in the next topic.

 

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