63% Of Americans Support The Federal: This year, record inflation has continued to be a problem for households in the United States of America, but there have also been other pandemic difficulties that have persisted from previous years. Both the Democratic Party and the Republican Party have brought up the topic of stimulus payments once more with just seven days left until the crucial midterm elections.
According to a recent poll that was carried out in Newsweek by Newsweek, roughly two-thirds of Americans are in support of the federal government delivering additional stimulus payments to help them beat inflation.
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In the survey that was carried out by market research consultant, Redfield & Wilton Strategies for Newsweek on the 23rd and 24th of October, 2022, 1,500 eligible voters in the United States were asked their opinions, and the results showed that 63% of respondents would be in favor of the federal government issuing new inflation checks. 42% of these respondents gave the answer “strongly agree” when asked how they felt about obtaining further aid.
During the pandemic caused by COVID-19, the federal government distributed three Economic Impact Payments (EIPs) to taxpayers in the United States who qualified for the payments. The initial check for the stimulus package was for $1,200, and it was issued in April 2020. Subsequent checks were provided for $600 each in December 2020 and January 2021.
According to USA.gov, the Internal Revenue Service (IRS) disbursed the final payment to eligible citizens of the United States in the amount of $1,400 in March of 2021.
Since then, there has been a flurry of talk over the provision of additional federal assistance to Americans. This year, individuals in many states are still struggling to make ends meet in the face of persistently high inflation, but many particular governments have taken matters into their own hands and are using cash from budget surpluses to provide further help to these residents.
There is no (total) consensus among voters over their desire for additional stimulus checks.
However, there are a significant number of people who are against the concept of greater assistance. The results of a study conducted by Redfield & Wilton Strategies and Newsweek revealed that 18% are opposed to new inflation checks, while 15% are ambivalent about their support. Another 3% of people are unsure of where they stand on the issue.
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Diana Furchtgott-Roth, who served as the head economist for the Department of Labor for a number of years and is now a scholar at The Heritage Foundation, offered her thoughts on the issue, as reported by Newsweek. It was stated by Furchtgott-Roth that the federal and state governments continuing to provide residents with stimulus payments is detrimental to the economy since it contributes to greater levels of inflation and provides an incentive for people to continue to be unemployed.
According to Furchtgott-Roth, “this is because the United States currently has 10 million job opportunities that need to be filled.” “As a result of this, competition among companies for workers drives up the cost of labor. The fact that businesses are forced to produce less than they would like results in increased prices for the items. It drives up the cost of services because organizations that supply services, such as restaurants, motels, and airline firms, are unable to meet customer demand for all of those services.
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