Posted on 01/07/2022 8:04:36 AM PST by Red Badger
So far, most American adults have received $3,200 in direct stimulus payments — $1,200 from the CARES Act in March 2020, $600 at the end of that year and then $1,400 from the American Rescue Plan under the Biden administration in 2021. That doesn’t count payments for qualifying dependents or other stimulus money like expanded unemployment or advance payments on the child tax credit.
But all good things must come to an end, and it now appears that with 2022 upon us, the pandemic stimulus well has mostly run dry. If you were banking on another round of tax-free cash payments in 2022, you’ll probably be disappointed. It’s now all but certain that a fourth installment isn’t coming — but there’s more to it than that.
The Politics and Economics of the Time Make More Checks Unlikely Despite the arrival of a highly contagious variant of the virus and a startling spike in infections, the social and economic conditions that justified the first three rounds of pandemic stimulus have changed.
“Despite the continued hardship being experienced across the U.S. by millions of Americans, at this juncture, another stimulus check looks unlikely,” said Olivia Tan, a Florida-based personal finance coach and the co-founder of CocoFax. “The U.S. economy will keep growing at a healthy pace through 2022, with J.P. Morgan’s chief U.S. economist Michael Feroli expecting job creation to push unemployment down to around 3%. As well as strong GDP growth of 3%, he also thinks that the outlook for wages and inflation appears favorable for next year.”
(Excerpt) Read more at money.yahoo.com ...
I want $450,000 in my next stimulus check.
“J.P. Morgan’s chief U.S. economist Michael Feroli”
Expect the exact opposite to happen then. He is paid well to sell snakeoil.
The wanty entitled types are going to be mad as hornets when they realize that big tax refund wont be there this April because it was prepaid already.
Working link
https://finance.yahoo.com/news/2022-means-stimulus-checks-child-140009212.html?fr=sycsrp_catchall
I would think biden would want to send out money in an election year.
Good. Maybe now people will decide to go back to work so they can buy food.
I ‘invested’ in five of those several years ago. Gave one to a friend, one to a cousin, sold one and kept two for myself. I will not die broke.
I always love the euphemism of “tax credits” for people who pay no taxes. Please just call it what it is: a bribe to vote democrat.
I think every voter who actually voted should get $20,000 for every ballot they turned in in 2020. Heck, many democrats could get a windfall of millions!
Millions of angry people chanting “Where’s my government money?” all over the country.
In an election year.
It’s your money and you want it now./s
Imagine this bill with the picture of Dr Evil...
I always love the euphemism of “tax credits” for people who pay no taxes. Please just call it what it is: a bribe to vote democrat.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Invented by “republicans”.
EITC, proposed by Nixon, signed into law by Ford, increased under every administration since without exception.
Can you imagine? It would be like an......
INSURRECTION!!
No, they will just smash and grab at the supermarket. That is equity you know./s
When I grew up in the 50s my parents paid cash for everything, including medical. There were no stimulus programs or even credit cards. We paid for school lunches. We did just fine as did my friends. When I raised my kids in the 80s it was the same. No help from the government. What happened that we can’t do this anymore.
Notice how the yahoos credit Biden for the 2021 checks but won't credit Trump for the 2020 checks. (See Tagline.)
Ha.
Except I didn’t say “millions of white patriots.”
Only then could it be an “insurrection.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.