J
Jacob Siegal
Guest
President Joe Biden and the Senate Democrats are determined to pass the $1.9 trillion COVID-19 relief package as quickly as possible, and they aren't going to let a relatively minor dispute slow them down. Earlier this week, a group of moderate Democrats expressed concern about the new round of $1,400 stimulus checks being sent to Americans who might not need it. In order to ensure that the bill would have the votes it needs to pass, President Biden agreed to phase the checks out more quickly than what was proposed in the original House bill.
At first, the American Rescue Plan proposed that everyone who received a check in the first and second round would be part of the third round as well. Following the compromise, single filers earning up to $75,000 and joint filers making up to $150,000 will still receive the full amount, but checks now phase out at $80,000 for single filers and $160,000 for joint filers. Previously, the upper limits were $100,000 and $200,000, respectively.
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Not everyone who was expecting a third stimulus check will get one originally appeared on BGR.com on Wed, 3 Mar 2021 at 15:51:10 EDT. Please see our terms for use of feeds.
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