Stimulus: GOP relief plan may exclude 29 million families who would get check in Biden plan - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Some GOP senators want a $50,000 income cutoff for a fresh wave of stimulus checks. That may exclude at least 29 million families who would get one under the Biden relief plan.

on Monday. They're aiming to push President Joe Biden into reducing the size and scope of his proposed $1.9 trillion emergency spending package.

Meanwhile, the Biden proposal begins phasing out stimulus checks for individuals making $75,000 and couples earning $150,000 a year. That's in stark contrast to the 219 million adults and 89 million kids who qualify for a payment in the Biden plan. Put another way, 80 million fewer people would receive any cash payment in the plan unveiled by the Senate Republicans.

"On the one hand, there are programs that as a first line of defense are better-targeted than checks," Tedeschi said, pointing to unemployment insurance, a safety net program that provides benefits to people who lose jobs."And if you have any blanket eligibility criteria for checks, there's going to be some people who get it that arguably don't need them."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And now some Dems are pushing for the same income limits 🙄

50K in CA is like 200K in AL

POTUS JoeBiden VP KamalaHarris SpeakerPelosi SenSchumer BernieSanders HELP! Give the people what you promised. We didn't register & vote for the 1st time so you could negotiate w/ the GOP. They lost that right when they chose not only to enable, but join the Trump circus.

Lol keep it at 75

Politicsinsider You’re considered low income in my county if you make less $50.4k/year. Why wouldn’t anyone even near low income be given assistance?

Give them the same respect they give us. senrobportman which would be none.

Politicsinsider So called “moderate” republicans want the points for helping with a stimulus, without actually giving one out.

Do they realize the low income poverty limit in places like San Francisco is close to $120k/year for a family of four?

Australia Australia Latest News, Australia Australia Headlines