Here’s how the federal and state governments plan to bring taxpayers relief in a world of surging prices. “Plans focused on specific sectors or groups, such as gas cards or disbursements based on income thresholds, in theory could help ease the pain caused by prices of specific goods or services…without putting as much pressure on prices more broadly,” says Andrew Patterson, senior international economist at Vanguard. Rather, it’s about helping Americans weather rising prices without making inflation worse. That’s not because governments have developed a stingy streak. Unlike previous pandemic relief measures, these payments are much more targeted and most offer considerably lower dollar amounts. Eighteen states will send-or have already sent-payments to taxpayers in the coming months. With little immediate relief from the federal government in sight to respond to record inflation, some states are taking matters into their own hands.
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