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Biden Backs Lower Income Cut Off for Stimulus Checks

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In a bid to keep moderate Democratic Senators on board, President Joe Biden has backed a plan to cut the income caps for Americans to receive a direct payment as part of the $1.9 trillion coronavirus relief package set to pass in the coming days.

The phase-out levels for the $1,400 stimulus checks are:

  • $75,000 in income for single filers; the cap for receiving some payment is now $80,000
  • $112,500 for heads of households; the cap is now $120,000
  • $150,000 for joint filers; now capped at $160,000

The direct payments would remain at the $1,400 level, the phase-outs thresholds would remain the same, but caps would fall. As a result, more Americans would be cut off from payments.

Breitbart reports,

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In the revised proposal, individual filers earning over $80,000 would not qualify for the payments. That’s down from the $100,000 cap in the House bill. Married couples would be cut off at $160,000, down from $200,000. The thresholds for reduced payments would remain at $75,000 for single filers and $150,000 for joint filers.

A handful of more moderate Senate Democrats, include Sens. Joe Manchin (D-WV) and Jeanne Shaheen (D-NH), have pushed for the bill to more tightly target those most hurt by the pandemic.

It is not yet clear how much the cost of the bill would be reduced by the changes. The House version reportedly would spend $1.9 trillion.

With Republicans seemingly united against the bill, Democrats will need all 50 Senators in their caucus to support the bill.

 

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