McConnell floated $40,000 income cutoff for stimulus checks that could leave out 20 mill... - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Mitch McConnell floated a $40,000 income cutoff for a 2nd round of stimulus checks. That could leave out 20 million Americans who benefited from the first wave.

The top-ranked stock-picker in small companies has returned 13 times more than his peers this year. He breaks down the 5 little-known stocks he's using to bet on the 5G and work-from-home revolutions.

Plenty of details are still missing from the figure McConnell suggested. It's not clear whether that represents the new cap Republicans will seek or what the income threshold would be before the payment phased out. McConnell's office did not respond to requests for comment. "The people being left out when you lower the threshold to $40,000 are not rich, high-income families," Tedeschi said. We're talking about people between $40,000 and $75,000 if you're single and $80,000 and $150,000 if you're married. We're talking about solidly middle-class families in those cases."

On top of significantly buttressing personal finances during a period of extraordinary uncertainty, the government cash prompted a quicker consumer spending rebound among lower- and middle-income households.

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 BUSİNESS
 

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

MitchMcConnell is wearing a facemask. Please take quick POLL: Should the Trump administration declare Covid-19 USA a national security threat? (comments also welcome)

MoscowMitch just wants more Americans on the streets homeless so he can put more money into law enforcement and private prisons to help his rich donors and his wife’s family at the expense of the rest of us especially black and brown minorities.

People on welfare in Boston make over $40k

And no income cut off for lobbyist and corporations

But he’s okay with his wife’s family taking home millions of money from OUr PPP CB loans.... AmericanLooters

Jelly?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Donald Trump and Kanye West's unlikely friendship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bevis and butthead CNN MSNBC IdiotInChief You mean Dumb and Dumber
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Regeneron's 32-year history, race for coronavirus drug - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How far are they ?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump administration supports 2nd round of stimulus checks: Mnuchin - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Direct deposit to take place just before the election So get the fuck out of the was senatemajldr It’s about time they do something for the American people
Source: BusinessInsider - 🏆 729. / 51 Read more »

When to use a cashier's check, and how to get one - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Digital Wealth Management report from Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »