5 States That Take Stimulus Controls Seriously – A new federal stimulus package may be in the works at some point in the future, especially if the White House admits the national economy is in recession, but for now, taxpayers are completely dependent on tax cuts, rebates and stimulus programs across the state to help ease the pain of inflation.
However, for those seeking help, there seems to be a lot, depending on where you live.
Dozens of states across the country are using leftover federal funds from the American Rescue Plan Act or using their record-high budget surpluses to give back to taxpayers in incentive schemes and other forms of aid.
After posting a record budget surplus of $97.5 billion, California is pushing through with its latest round of tax cuts. This year’s middle-class tax refund goes a step further than last year’s Golden State Stimulus package, which awarded $600 payments to all taxpayers who received a California Earned Income Tax Credit. This time, both taxpayers and recipients of social assistance and disability benefits are eligible for the incentive checks.
Under this year’s tax refund scheme, California is set to hand out checks worth up to $1,050. However, the amount that individual and joint taxpayers can claim depends on their circumstances. Check here for how much you can qualify for.
Under the 2022 Delaware Relief Rebate Program, established by House Bill 360, residents are entitled to a one-time instant payment or stimulus checks worth $300. The scheme does not require residents to meet specific income thresholds, but instead allows every resident of Delaware who has filed an income tax return a payment of $300.
All adult residents aged 18 and older as of December 31, 2021 will receive the discount. By October 17, the Treasury Department will create a pathway for eligible residents who have not filed a tax return to receive the discount. You can check the status of your discount here.
Colorado residents can also expect a discount or what many consider to be stimulus checks worth as much as $1,050 for joint tax applicants and $650 for single filers. The Colorado Cash Back Scheme was signed by Governor Jared Polis on May 23. The arrangement provided immediate relief to all Coloradans.
The checks will be sent this summer and no applications are necessary. All Colorado residents who have filed a tax return will receive the check by September 30 of this year.
In July, Florida Governor Ron DeSantis announced a new plan for 60,000 families statewide. The surprise incentive checks were immediately distributed by the state when the governor made the announcement and provided financial support to families, including foster parents, unrelated caregivers, relatives, participants in the Guardianship Assistance Program and all families receiving temporary assistance for needy support.
All eligible families received the checks in the mail, which was dated July 15. Each check was worth $450 and was intended to help parents prepare their children for the new school year.
One state that takes a different approach to inflation relief is Missouri, but that’s okay. If Governor Mike Parson’s plan goes through, residents will receive a substantial and long-term tax cut in lieu of another stimulus check.
In a veto letter outlining his rationale for blocking legislation that would have given another round of incentives to the state, Governor Parson said the arrangement would have hurt the lowest and highest earners in the state.
Governor Parson is pushing for the largest tax cut in state history, and a special session of the state legislature has been convened to discuss the radical plans.
Jack Buckby is a British author, counter-extremism researcher and journalist based in New York. Reporting on the UK, Europe and the US, he works to analyze and understand left and right radicalisation, and reports on Western governments’ approaches to today’s pressing issues. His books and research papers explore these themes and propose pragmatic solutions to our increasingly polarized society.