Americans Who Make Over $80,000 Will Not Receive Next Stimulus Check
If you are making $80,000 or more then you might not be eligible for the next Stimulus payment as Joe Biden and Democrats agreed on Wednesday to lower the income limits that could qualify for a stimulus check.
Per USA TODAY, This means that the checks will start to phase out at $75,000 and phase out completely at $80,000 of income for individuals, it was originally $100,000. Joint filers would have their checks phase out starting at $150,000 and completely at $160,000. Parents can also receive $1,400 per dependent.
“The pandemic is driving families deeper and deeper into poverty, and it’s devastating. We are making the Child Tax Credit more generous, more accessible, and by paying it out monthly, this money is going to be the difference in a roof over someone’s head or food on their table,” said Chairman of the Ways and Means Committee Richard Neal in a statement.
The move comes as the $1.9 trillion coronavirus relief package is about to be sent through the Senate.
The Coronavirus relief plan that Senate Democrats will unveil will also have $400 weekly emergency unemployment benefits.
However, Sen. Maria Cantwell, D-Wash., said to reporters, “I think the package as it was originally crafted is good to go.”