Due to the sudden hit of coronavirus in the country, it led to people’s bad health and dead and led to economic growth degradation, leading to major falls all over the economy.
This isn’t the case in India but in all the countries in the world.
To overcome such a situation IRS has contributed Over millions of dollars as a payment in the 3rd round of the direct stimulus aid.
It came to the light of the people regarding the same, even after the payment of the 3rd round of direct stimulus aid worth 169 million, They added is to the additional 2.3 million people making it to up to over 1400 dollars check for each individual.
THE ONGOING SITUATION
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Despite having crucial financial crises, millions of Americans have been exposed to such adversity in these hard times.
According to the survey conducted by financial services firm Trans Union, it was found out that 4 out of 5 people have said their income has decreased drastically compared with the income they had before covid has hit their lives.
The pandemic has worsened the situation of people all around the world leading to the first disastrous economic conditions like never before.
It might come as a shock but 1 out 4 of people are incapable to clear up for basic household bills like rent or basic nutrition from the last few years
This was found out through the new examination of data from the Center on Budget and Policy Priorities.
AID PLAN PROPOSED BY US PRESIDENT JOE BIDEN
Coronavirus has resulted in the depletion of a more economical rate leading to unemployment, no security, more interest, etc.
As we know already that To overcome such a situation IRS has contributed Over millions of dollars as a payment in the 3rd round of the direct stimulus aid but now as the check won’t last long.
The people are filing a petition on Change.org petition on lawmakers to pass legislation for recurring $2,000 monthly payments for consequently 4th stimulus aid fund.
Some lawmakers have picked up the idea. Twenty-one senators supported all Democrats and signed a March 30 letter to Mr. Biden in support of recurring stimulus payments.
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