Biden blocks $1,400 stimulus checks for 16 million Americans after tightening income requirements – Community News
Stimulus Check

Biden blocks $1,400 stimulus checks for 16 million Americans after tightening income requirements

More than 16 million Americans will no longer qualify for a third stimulus check under stricter eligibility parameters approved this week by President Biden.

That’s according to a preliminary analysis published by the left-wing Institute of Taxation and Economic Policy, which found that a plan by moderate Democrats to curtail benefits for higher incomes would cut out cash payments for about 11.8 million adults and 4.6 million children. will cut off.

Under the latest proposal, Americans earning $75,000 or less would still receive the full promised payment of $1,400. But the checks would disappear faster for individuals with higher income levels than in the version passed by House Democrats on Saturday, where individuals earn $80,000 a year or more and couples who earn $160,000 a year or more will no longer qualify for the check. money.

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The House version of the bill would also send the $1,400 payments to individuals earning $75,000 or less each year, but the money would be phased out more slowly, with the threshold of eligibility for $100,000 for individuals and $200,000 a year. for couples.

That means individuals earning between $80,000 and $100,000, and couples earning between $160,000 and $200,000, were recently barred from partial scrutiny under the latest plan, which is backed by the Biden administration.

While the House bill would benefit more adults—about 91%, compared to the Senate’s 86%—both versions, according to the analysis, would benefit 100% of adults and children, who make up the bottom 60% of incomes in the United States. the US belong, benefit.

The appropriateness of a stimulus check emerged as a major point of contention between different ideological factions of the Democratic Party. The party cannot afford to lose the support of even a single Senate Democrat as it needs all 50 members to pass the measure by a simple majority with a procedural tool known as budget reconciliation.

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Progressives rejected the decision to tighten eligibility requirements, with Rep. Alexandria Ocasio-Cortez claimed conservative Democrats have been fighting so that the Biden administration “sends fewer and less generous aid checks than the Trump admin did”.

“It’s a movement that makes little to no political or economic sense, and it’s aimed at an element of relief most felt by ordinary people. A cause of its own,” Ocasio-Cortez, DN.Y., said Wednesday. adding: “We have a responsibility to show the people of this country what a Democratic majority can do for working people. That means more generous aid checks.”

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With the Senate ready to pass its own version of the bill this week, the House will either have to vote on that measure or the two houses will have to meet to draft a final bill.

Lawmakers are rushing to send the legislation to Biden’s office before March 14, when more than 11 million Americans will lose their jobless aid when two major federal jobless aid programs were established a year ago under the CARES Act — and expanded into it. $900 billion aid package that Congress passed in December – expired.