Are ‘Inflation Relief’ Checks Like Pouring Gas Onto Inflationary Fire?

Contact Your Elected Officials

As some states mull or roll out “inflation relief” in the form of checks or tax rebates in a bid to help households weather soaring prices, critics argue such measures amount to fiscal stimulus that will keep inflation higher for longer.

American households face crushing inflation that has squeezed buying power and made basic necessities less affordable.

Some states have responded by offering relief to offset the cost-of-living crunch.

‘Cha-Ching!’

In one such thrust, some 23 million Californians will receive checks of up to $1,050 as part of a $17 billion “inflation relief” package that also includes a suspension of the state’s sales tax on diesel, rental assistance, and money to cover past-due utility bills.

“Cha-ching! You just received a deposit,” California Gov. Gavin Newsom’s office wrote in a June 30 statement touting the fact that the Democrat leader had just signed a $308 billion state budget that includes $9.5 billion in tax refunds “to help address inflation.”

Other states have taken similar steps in a bid to take the edge off high prices.

Colorado officials in late June announced a $750 cashback rebate, with Gov. Jared Polis describing the measure as “real relief when Coloradans need it most” while citing “the impact of rising costs.”

Indiana plans to return a total of $1 billion to Hoosier taxpayers in the form of a $350 tax refund per individual, with Gov. Eric Holcomb saying early in June that the state’s residents have “real needs right now during this period of high inflation.”

Maine plans to dole out a round of $850 “relief checks” as residents “are grappling with the increased costs as a result of pandemic-driven inflation, ranging from higher energy costs to increased prices of everyday goods,” according to the office of Maine Gov. Janet Mills.

Other states that have introduced similar schemes to offset rising prices include DelawareGeorgia, and New Mexico.

‘This Will Only Do More Damage’

While the payments are sure to be welcomed by families struggling to cope with rising prices, critics say dumping cash onto the problem is like pouring oil onto a fire and will only add to inflationary pressures by boosting demand.

By Tom Ozimek

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Both Left and Right Are Making Lists

The right admired Charlie Kirk for his faith and patriotism, while the left opposed him for dismantling their positions and narratives with ease.

Redemption’s playbook: The Senior

The Senior isn’t your usual underdog tale, it’s real, it’s raw, and it flips every cliché on its head with a playbook full of grit and plenty of aftermaths.

Kirk Assassination Oddities

Just like the assassination attempt on President Trump in Butler, PA, there are oddities that do not add up with the actual assassination of Charlie Kirk.

Pharma-Funded Medical Groups Threaten Anti-MAHA Physician Strike

“A paradoxical pattern has been suggested in the literature on doctors' strikes: when health workers go on strike, mortality stays level or decreases."

Fauci Caught DEAD TO RIGHTS in Anti-FOIA Conspiracy, Per Newly Released Emails

Fauci told Congress in 2024 he never pressured staff to delete emails, but evidence shows otherwise, raising perjury concerns and calls for indictment.

Employees Fired, Suspended for Celebrating Charlie Kirk’s Death

Multiple U.S. companies warn employees they could lose their jobs if they post comments celebrating or mocking the assassination of Charlie Kirk.

Turning Point USA Announces Memorial Service for Slain Founder Charlie Kirk

The conservative political nonprofit Turning Point USA has announced a Sept. 21. memorial service for its late founder, Charlie Kirk.

Charlie Kirk’s Killing a Reminder of Need for Kindness and Civility: Justice Amy Coney Barrett

Justice Barrett calls Charlie Kirk’s assassination a tragic reminder that Americans must resolve disputes through civil discourse, not violence.

Boston University College Republicans Demand Better Security Measures Following Charlie Kirk Assassination

Boston U must provide better security for conservative students in aftermath of Charlie Kirk’s assassination, College Republicans wrote in a letter.

Trump Signs Memo Targeting Direct-to-Consumer Pharmaceutical Advertising

President Trump signed a memo to ensure drug ads give fair, balanced, and complete information to protect and inform American consumers.

Trump Runs out of Patience With China, Sharpens His Words

President Donald Trump’s recent remarks targeting China and its allies mark a noticeable shift in tone.

Trump Signs Order Renaming Department of Defense as Department of War

President Donald Trump on Sept. 5 signed an executive order renaming the Department of Defense as the Department of War.

Trump Signs Executive Order Targeting Countries That Unlawfully Detain Americans

President Trump signed an EO on targeting the unlawful detention of American citizens around the world and to facilitate the release of hostages.
spot_img

Related Articles

Popular Categories

MAGA Business Central