Over 8 Million Americans to Receive Up To $400 Direct Payment: Here's Who
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
More than 8 million New Yorkers are set to receive direct payments in the form of "inflation refund checks" this year, Governor Kathy Hochul announced.
Why It Matters
Americans have dealt with high inflation rates over the past few years amid the recovery from the COVID-19 pandemic, which caused a global economic slowdown. Inflation peaked in June 2022, with a 9.1 percent rate, and has steadily fallen ever since. Still, prices have not returned to pre-pandemic levels. Americans are also facing growing concerns about the recession amid President Donald Trump's tariffs.
Hochul, a Democrat, said inflation, in addition to increasing consumer prices, has "also driven sharp increases in the State's collection of sales tax" that "belongs to hardworking New York families and should be returned to their pockets as an Inflation Refund."
What To Know
The initiative is expected to distribute $2 billion in direct payments to New Yorkers later this year, according to Hochul's office.
The refund amounts are determined based on filing status and income. Joint filers with incomes up to $150,000 will receive a $400 check, while those earning between $150,000 and $300,000 will receive $300. Single filers with incomes up to $75,000 will receive $200, and those earning between $75,000 and $150,000 will receive $150.
New York Governor Kathy Hochul speaks during a press conference about federal layoffs on March 3, 2025 in New York City.
New York Governor Kathy Hochul speaks during a press conference about federal layoffs on March 3, 2025 in New York City.The New York budget announced in late April also includes initiatives for expanding child tax credits, cutting taxes for the middle class, and providing free breakfast and lunch in schools.
"The cost of living is still too damn high, so I promised to put more money in your pockets – and we got it done," Hochul said in a statement.
New Yorkers are not the only Americans getting direct payments this year. Georgia Governor Brian Kemp, a Republican, announced last month that residents of his state will also be eligible for a payment.
What People Are Saying
Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek on Wednesday: "To say this isn't impactful would be disingenuous to those who could use the extra funds, so I'll acknowledge that for many, a no-strings-attached $400 is meaningful. If the alternative is receiving nothing, then this is clearly a win for New Yorkers.
But there's a significant caveat. What does this do to inflation? You're putting $2 billion back into New Yorkers' pockets, which can be used to pay down debt or spend on goods and services at a time when we're still trying to control inflationary pressures. In the short term, it puts money in people's hands, but longer term, it may increase prices and stretch the inflation cycle even further."
Laura Tamman, a professor of political science at Pace University, told Newsweek on Wednesday: "One of the challenges for Governors in midterm elections is that voters are unsure who to credit or blame for their circumstances. A check signed by the Governor is a way for her to communicate that she understands that New Yorkers are struggling financially, with a specific, tangible benefit. Unexpected checks in the mail are rare enough that I think voters will remember this gesture. However, the checks are simply not large enough to be the determining factor in whether she wins reelection in 2026. It does signal that she 'feels the pain' of struggling New Yorkers, but she will have to do more for them if she wants to be reelected Governor."
What Happens Next
It's not exactly clear when the payments will be sent out. The governor's office wrote that more details "will be announced in the near future."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
29 minutes ago
- Newsweek
China Releases Photos of Aircraft Carriers Beyond First Island Chain
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. China released photos showing its aircraft carriers conducting "training exercises" in the western Pacific beyond the first island chain, which is intended to keep its navy in check. "The training complies with relevant international law and practice, and is not targeted at specific countries or entity," a Chinese navy spokesperson said in a statement on Tuesday. Why It Matters The first island chain—comprising Japan, Taiwan and the Philippines—is one of three Pacific island defense lines established by the United States, utilizing its own territories as well as those of its allies and partners, with the goal of restricting China's naval activities. The Chinese navy, the largest in the world by hull count, deployed its aircraft carriers—CNS Liaoning and CNS Shandong—to the eastern side of the first island chain simultaneously for the first time over the weekend, challenging the U.S.'s naval dominance in the region. Meanwhile, the Liaoning became China's first aircraft carrier to be spotted operating in waters east of the second island chain, which stretches from Japan to New Guinea—north of Australia—via Guam, the westernmost U.S. territory that serves as a military hub. What To Know Senior Captain Wang Xuemeng, a spokesperson for the Chinese navy, confirmed in the statement that both the Liaoning and the Shandong had been deployed to the western Pacific Ocean in recent days to test their capabilities in "far-sea defense and joint operations." The spokesperson said the dual aircraft carrier deployment was a "routine arrangement included in the annual training plan," which sought to improve the ability of the Chinese navy—officially known as the People's Liberation Army Navy—to fulfill its missions. Chinese aircraft carriers CNS Liaoning, top, and CNS Shandong, bottom, conducting flight operations with J-15 fighter jets in the western Pacific Ocean in early June. Chinese aircraft carriers CNS Liaoning, top, and CNS Shandong, bottom, conducting flight operations with J-15 fighter jets in the western Pacific Ocean in early June. Chinese military Official photos show both Chinese aircraft carriers launching J-15 fighter jets at an undisclosed location in the western Pacific Ocean during both day and night. A supply ship attached to one of the aircraft carriers was seen providing supplies to a destroyer. However, it remains unclear whether the Liaoning and the Shandong were operating in the same vicinity. They were last tracked underway on the eastern and western sides of the second island chain, respectively, according to a map published by Newsweek. Japan, a U.S. ally that tracks and monitors the Chinese navy, has made a "proper request" to China through diplomatic channels regarding the activities of the Chinese aircraft carriers, Japanese Defense Minister Gen Nakatani said at a news conference on Tuesday. The Chinese supply ship CNS Hulunhu providing supplies to the destroyer CNS Wuxi in the western Pacific Ocean in early June. The Chinese supply ship CNS Hulunhu providing supplies to the destroyer CNS Wuxi in the western Pacific Ocean in early June. Chinese military "China intends to improve the operational capability of its two aircraft carriers and its ability to conduct operations in distant seas and airspace," the minister said, adding that Japan had both the will and the ability to deter unilateral attempts to change the status quo by force. What People Are Saying Lin Jian, a spokesperson for the Chinese Foreign Ministry, said on Tuesday: "Let me reiterate that Chinese naval vessels' activities in those waters are fully consistent with international law and international practices. Our national defense policy is defensive in nature. We hope Japan will view those activities objectively and rationally." Japanese Defense Minister Gen Nakatani said on Tuesday: "In any case, the Ministry of Defense and the Self-Defense Forces will continue to closely monitor the movements of the Chinese Navy vessels, including these two aircraft carriers, and will take all possible measures to conduct surveillance activities." What Happens Next China's dual aircraft carrier deployment comes as two U.S. aircraft carriers—USS Nimitz and USS George Washington—are underway in separate areas of the western Pacific Ocean.
31 minutes ago
Trump's actions in Los Angeles spur debate over deportation funds in his 'big, beautiful' bill
WASHINGTON -- President Donald Trump's 'big, beautiful bill' in Congress includes more than tax breaks and spending cuts — it also seeks to pour billions of dollars into the administration's mass deportation agenda. Republican leaders capitalized Tuesday on the demonstrations in Los Angeles, where people are protesting Trump's immigration raids at Home Depot and other places, to make the case for swift passage of their sprawling 1,000-plus-page bill over staunch Democratic opposition. House Speaker Mike Johnson said the One Big Beautiful Bill Act delivers 'much-needed reinforcements,' including 10,000 new Immigration and Customs Enforcement agents, $45 billion to expand migrant detention facilities and billions more to carry out at least 1 million deportations a year. 'All you have to do is look at what's happening in Los Angeles to realize that our law enforcement needs all the support that we can possibly give them,' said Senate Majority Leader John Thune, R-S.D. The focus on some $350 billion in national security funding comes as action on the massive package is lumbering along in Congress at a critical moment. Trump wants the bill on his desk by the Fourth of July. But Senate Republicans trying to heave it to passage without Democrats are also running up against objections from within their GOP ranks over the details. At the same time, Democrats are warning that Trump's executive reach into California — sending in the National Guard over the governor's objections and calling up the Marines — is inflaming tensions in what had been isolated protests in pockets of LA. They warned the president's heavy-handed approach has the potential to spread, if unchecked, to other communities nationwide. 'We are at a dangerous inflection point in our country,' said Rep. Jimmy Gomez, who represents the Los Angeles area. 'Trump created this political distraction to divide us and keep our focus away from his policies that are wreaking havoc on our economy and hurting working families," he said. "It's a deliberate attempt by Trump to incite unrest, test the limits of executive power and distract from the lawlessness of his administration.' At its core, the bill extends some $4.5 trillion in existing tax breaks that would otherwise expire at the end of the year without action in Congress, cutting some $1.4 trillion in spending over the decade to help offset costs. The Congressional Budget Office found the bill's changes to Medicaid and other programs would leave an estimated 10.9 million more people without health insurance and at least 3 million each month without food stamps from the Supplemental Nutrition Assistance Program. At the same time, CBO said the package will add some $2.4 trillion to deficits over the decade. One emerging area of concern for Republican leaders has been the bill's status before the Senate parliamentarian's office, which assesses whether the package complies with the strict rules used for legislation under the so-called budget reconciliation process. Late Monday, Republicans acknowledged potential 'red flags' coming from the parliamentarian's office that will require changes in the House bill before it can be sent to the Senate. Leaders are using the reconciliation process because it allows for simple majority passage in both chambers, were GOP majorities are razor-thin. House Majority Leader Steve Scalise said Republicans are preparing to address the concerns with a vote in the House, possibly as soon as this week, to change the package. Senate Democratic Leader Chuck Schumer seized on the House's upcoming do-over vote as a chance for Republicans who are dissatisfied with the package to reassert their leverage and 'force the bill back to the drawing board.' 'They say they don't like parts of the bill — now is their opportunity to change it,' Schumer said. On Tuesday, Vice President JD Vance was dispatched to speak with one GOP holdout, Sen. Ron Johnson of Wisconsin, who has pushed for deeper spending reductions in the bill to prevent skyrocketing deficits from adding to the nation's $36 trillion debt load. Other Republican senators have raised concerns about the health care cuts. But Republicans are in agreement on border security, deportation and military funding, over the objections of Democrats who fought vigorously during the committee process to strip those provisions from the bill. The package includes about $150 billion for border security and deportation operations, including funding for hiring 10,000 new ICE officers — with what Johnson said are $10,000 hiring bonuses — as well as 3,000 new Border Patrol agents and other field operations and support staff. There's also funding for a daily detention capacity for 100,000 migrants and for flights for 1 million deportations annually. The package includes $46 billion for construction of Trump's long promised wall between the U.S.-Mexico border. Additionally, the bill includes $150 billion for the Pentagon, with $5 billion for the military deployment in support of border security, along with nearly $25 billion for Trump's 'Golden Dome' defense system over the U.S. Separately, the bill adds another $21 billion for the Coast Guard. Democrats have argued against the deportations, and warned that Trump appears to be stirring up protests so he can clamp down on migrant communities. Rep. Nanette Barragan — whose district represents the suburban city of Paramount, where the weekend Home Depot raid touched off protests — implored Americans: 'Listen to the words of this administration: They're using words like insurrection. They're using words like invasion.' She warned the administration is laying the groundwork for even steeper actions. 'That's a concern,' she said. 'That is dangerous. It's wrong.'
Newsweek
36 minutes ago
- Newsweek
Gavin Newsom Compares Donald Trump to Emperor Palpatine
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. California Gov. Gavin Newsom's office shared a meme portraying President Donald Trump as Star Wars villain Emperor Palpatine. In the video, Palpatine's voice reads out a Truth Social post by Trump talking about the riots in Los Angeles. The Democratic governor and Republican president have clashed over the latter's decision to send in National Guard troops and Marines to quell the disorder that erupted from protests against federal immigration raids in Los Angeles. A ONCE GREAT AMERICAN CITY HAS BEEN OCCUPIED! — Governor Newsom Press Office (@GovPressOffice) June 10, 2025 This is a developing article. Updates to follow.
