Third Incentive Check Update: House Gets Started With An Account That Includes Incentive Payments of $1,400. Here’s the latest. – Community News
Stimulus Check

Third Incentive Check Update: House Gets Started With An Account That Includes Incentive Payments of $1,400. Here’s the latest.

House members on Wednesday began drafting the $1.9 trillion coronavirus stimulus bill, which includes payments of $1,400 per person for individuals earning up to $75,000 and married couples earning up to $150,000.

The House Ways and Means Committee proposal would also provide $1,400 for each dependent, but payments would be halted entirely for individuals earning more than $100,000 and married couples earning more than $200,000.

“We are considering proposals that will give Americans a sense of security at a time of overwhelming uncertainty,” said D-Mass committee chair Richard Neal. “This includes the assurance that the second installment of their $2,000 check is on its way. . For the lowest-income families, this means assistance in meeting the most basic necessities of life.”

The stimulus payments, backed by President Joe Biden, drew opposition from committee Republicans on Wednesday, who said the money could be put to better use.

For example, the ranking of Texas Republican Kevin Brady said the same amount spent on direct payments could fund $40,000 in vouchers for 10 million unemployed workers, or pay the income taxes of more than 85% of workers.

“There is a third round of stimulus checks that many experts admit is more of a political stimulus than an economic one,” Brady said. “These checks cost nearly half a trillion dollars and do little to help Main Street businesses survive or get people back to work.”

The different parts of the stimulus bill were outsourced to different committees, which planned to complete their work by the end of the week. Legislators planned to finish work on Friday, giving the House Budget Committee the following week to put the entire bill together before taking it to the full chamber for approval.

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Republicans on the House Transportation Committee have tried unsuccessfully to move $10 billion, or a third, of the $30 billion in federal grants earmarked for public transit systems like NJ Transit to roads and bridges, allowing more states to claim the funding. . Based on past allocations, NJ Transit could get close to $2 billion.

The change was offered by Rep. Bob Gibbs, R-Ohio. The panel’s top Republican, Rep. Sam Graves of Missouri said Democrats rushed through a partisan bill without GOP backing. The stimulus bill is being considered under a procedure known as a conciliation, which prevents a filibuster and allows Democrats to pass the bill without any Republican votes.

When the Republican was in the majority in 2017, Graves voted twice in favor of budget resolutions to allow the GOP, without Democratic support, to try to repeal the Affordable Care Act and pass a tax cut that the Congressional Budget Office said would federal deficit would increase by $1.9 trillion over 10 years.

“The American people want and expect Congress to work together on two-pronged, well-made, sober solutions to help our infrastructure and our economy,” Graves said.

The House Oversight Committee is expected to vote Friday on whether or not to provide $350 billion in aid to state and local governments. Preliminary estimates show New Jersey and its municipalities will receive $9.4 billion.

Biden, who proposed the state and local aid, plans to meet with governors and mayors Friday to discuss funding.

“That means police officers, firefighters, health workers, teachers and other officials must stay on the job in the fight against the virus,” White House spokeswoman Jen Psaki said during her daily briefing on Wednesday. “And that means helping cities, counties and states get vaccines into battle faster, something many governors and mayors have talked about.”

Jonathan D. Salant can be reached on [email protected].

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