Get the latest money, tax and stimulus news directly in your inbox A Fourth Stimulus Check in 2022 to Deal With Inflation Pressures? There was however some relief for medicare recipients and record raises for those on the Federal GS pay scale and subject to Military pay charts, thanks to a record 2023 COLA increase.
While many individuals and families could have benefited from some form of government support, especially with higher interest rates, there simply was not enough political support for further payments or tax credit expansions that could spur further inflation. While this bill included funding for several groups and additional taxes on corporations, it did not include another stimulus check or economic impact payment in 2022 or in 2023. President Biden and the Democrat controlled Congress narrowly passed a scaled down version of the Build Build Better (BBB) act, known as the Inflation Reduction Act ( H.R.
More Stimulus Payments in the Inflation Reduction Act?
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