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.
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.
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 May of 2021, that figure reached 5 percent, data show.
Other states including California, Florida, Georgia, Maine, and more have opted to distribute state-level stimulus payments or rebates. Some of the payments are coming via federal funding that was included in massive spending packages that were passed amid the COVID-19 pandemic.
Christina Herrin from the nonprofit Citizens Against Government Waste (CAGW) wrote that stimulus checks by states are a “fruitless attempt to combat inflation.”
“A one-time payment for ‘inflation relief’ is far different than tax rebates that many states are providing to all taxpayers based on income. They are feel-good band-aids that will make everything more expensive and keep inflation going longer than it would otherwise,” Herrin said.