WASHINGTON: President Joe Biden said on Tuesday he agreed with a proposal by Democratic lawmakers that would limit or phase out stimulus payments to higher-income individuals as part of his US$1.9 trillion coronavirus relief bill.
The latest Democratic proposal would phase out those payments at lower income thresholds than previous stimulus checks and completely cut off individuals earning more than US$100,000 and couples earning more than US$200,000. "It's more of a discussion about the country and the economic downturn that we've gone through," Psaki said."The president wants to lay out all of the specifics of his plan, hear feedback from them as he has with many different groups over the past couple of weeks," she added.
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