Child Tax Credit Checks to Hit New York Mailboxes
Millions of dollars in child tax relief checks will soon be distributed across New York state in the coming weeks, Gov. Kathy Hochul’s office announced.
Her office said the checks will arrive by the end of October, coming just days before the midterm elections. The Democrat governor is up for reelection against GOP challenger Rep. Lee Zeldin (R-N.Y.).
“With this relief package, we’re making good on our commitment to helping hardworking New Yorkers through the nationwide affordability crisis,” Hochul said in a statement.
“This program will put money back in the pockets of nearly two million New York families struggling to make ends meet in the face of the pandemic, inflation, and other rising costs,” she said.
Other Democrat state leaders lauded the payments in a press release issued by Hochul’s office.
Some 1.75 million low-income New Yorkers will be receiving a combined $475 million, according to her office. It means that an average payment of $270 will be handed out to each eligible recipient, according to her office.
The plan was approved earlier this year by the Democrat-controlled state legislature, and taxpayers who claimed the Empire State Child Credit or the Earned Income Credit are eligible for the checks.
Eligible residents don’t need to take any action to receive their checks as checks will be mailed automatically, Hochul said.
Combating Inflation?
The governor’s office claimed the new payments are part of an “ongoing effort to combat inflation and improve affordability” although some critics have said that stimulus checks will likely exacerbate inflation, which is running at near-historic highs. Data released by the federal government shows the Consumer Price Index remained high at 8.5 percent year-over-year in July, while it hit 9.1 percent in June.
When President Joe Biden took office last January, the Consumer Price Index stood at 1.4 percent. In
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