Republicans propose $1,000 stimulus checks. This is who would qualify – Community News
Stimulus Check

Republicans propose $1,000 stimulus checks. This is who would qualify

The next Covid stimulus checks could be less than $1,400 and reach fewer people if a new plan from some Republican senators is approved.

The new proposal from a group of 10 GOP lawmakers calls for checks for $1,000 per person, rather than the $1,400 proposed by President Joe Biden.

That would bring direct payments to $1,600, including the first payment approved in December.

Individuals earning up to $40,000 per year are eligible for full payments. Those with incomes at that threshold and above would see payments phased out and eligibility capped at $50,000 in annual salary.

For married couples filing taxes jointly, the payments would begin to taper off at $80,000 in income and capped at $100,000.

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Children and adults who qualify as dependents are eligible for $500.

Convicted inmates would not qualify. At this point, inmates are eligible for the $600 checks that are being wagered.

According to the Republican plan, the checks would be estimated at $220 billion. Meanwhile, the total package, including additional funding for vaccines, childcare, improved unemployment insurance and nutritional benefits, would cost an estimated $618 billion.

By contrast, Biden’s plan, which requires $1,400 checks per person, would cost an estimated $465 billion in direct payments, or $1.9 trillion in total.

The Republican proposal is likely a “starting package for negotiations,” said Bill Hoagland, senior vice president of the Bipartisan Policy Center and a former Senate staffer.

“There is no way the Democrats would agree” [$618] billion, and I think they’re going to feel it’s not enough,” Hoagland said.

While the package could lose support from some Democrats, the compromise could potentially gain support from some Republicans.

The new White House administration currently faces a “difficult balance,” Hoagland said.

“This is going to be a huge task for President Biden, who I think at heart likes to do things in a two-pronged way,” Hoagland said.

Much will depend on the outcome of a meeting between Biden and Republicans scheduled at 5 p.m. Monday at the White House.

If you had an agreement for an additional emergency room… you can do that a lot faster, given the crisis we have now.

Bill Hoagland

senior vice president at the Bipartisan Policy Center

The Senate will move forward on Tuesday with a budget resolution that could lead to a reconciliation bill, requiring only a simple majority. But that process will take time, Hoagland noted.

How quickly the money reaches the Americans depends on how long the negotiations between the two sides last. An additional emergency kit could be passed on more easily, Hoagland said.

“If you had an agreement for an additional emergency … you can get it done much faster, given the crisis we have now,” Hoagland said.