Third stimulus check update: Some of you will no longer receive money under a new $ 1,400 payment plan. Here’s the latest.
Third stimulus check update: Some of you will no longer receive money under a new $ 1,400 payment plan.  Here’s the latest.

Third stimulus check update: Some of you will no longer receive money under a new $ 1,400 payment plan. Here’s the latest.

President Joe Biden “is comfortable” with demands from some Senate Democrats to cut the thresholds for receiving direct payments below $ 1.9 trillion the bill on coronavirus stimulationsaid his spokeswoman Wednesday.

Under the proposal, which could reach the Senate floor as early as Thursday, individuals earning up to $ 75,000 and couples earning up to $ 150,000 would still receive the full $ 1,400 per person payment. But unlike the adopted billthe amounts would quickly phase out to where individuals earning more than $ 80,000 and couples earning more than $ 160,000 would get no money.

The first two rounds of stimulus checks were phased out to $ 100,000 for individuals and $ 200,000 for couples, meaning that many households that received two rounds of financial assistance would not receive a third.

Biden was fine with the lower thresholds, White House Press Secretary Jen Psaki said during her daily press briefing on Wednesday.

“He’s familiar with where the negotiations stand,” Psaki said. “Of course there will be ongoing discussions. As you know, we do not have a final bill. There will be ongoing discussions. He is comfortable and knows there will be tweaks in the margin.”

But the numbers were not final yet as negotiations continued and plans to try to bring the legislation to the floor on Wednesday were thwarted. The bill would then go back to Parliament with a view to getting it to Biden before March 14, when the current extension of unemployment insurance ends.

“I am convinced that the Senate will eventually reach a compromise that provides direct stimulus control to most hard-working New Jersey and billions more in aid our state and citizens desperately need to get people vaccinated, keep key workers on the job, safely reopening schools, providing assistance to the unemployed and hungry, supporting our struggling restaurants and small businesses, and protecting tenants and homeowners from eviction and foreclosure, ”said Democratic U.S. Senator Robert Menendez.

While progressives may have lost on the higher thresholds, they apparently won on unemployment insurance, with Senate Democrats planning to keep the extra payments at $ 400 a week, rejecting calls to reduce them to the current level of $ 300.

“We need to pay attention to the whole package,” the rep said. Donald Norcross, D-1st Dist., A Vice President of the Congressional Progressive Caucus. “I will reserve the verdict until the final draft. I will bite my tongue a little and see what they come up with.”

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While Republicans remain united against the law, one Monmouth University poll released Wednesday said the stimulus remained popular with the public.

The bill was supported by 62% of Americans. including a third of self-identified Republicans, with 34% in opposition. And the $ 400 unemployment insurance benefits were backed by 67% -30%.

The study of 802 adults was conducted February 25-1. March and had a margin of error of plus or minus 3.5 percentage points.

Senate Majority Leader Chuck Schumer said he wanted Republican support.

“We had always hoped that this very important work would be bipartisan,” Schumer, DN.Y., told the Senate. “Unfortunately, it seems that too many of our Republican colleagues are resorting to the same predictable objections that they raise about almost every proposal backed by a Democrat. It’s almost no matter what the bill says, anything. my colleagues are against is ‘a liberal wish list’. “

But rep. Kevin Brady, the top Republican on the House Ways and Means Committee, said there has been no effort to reach across the hallway.

“There has not been a momentary discussion with Republicans,” said Brady, R-Texas, who used the same procedures in 2017. to lower taxes and to try to repeal Affordable Care Act without democratic support. “I challenge anyone to claim with a sincere face that this has bipartisan input or consensus at all.”

The legislation includes i.a. a massive expansion of the child tax deduction and income tax deduction for lower-income Americans. It would benefit 1.6 million children in New Jersey under the age of 18 and 354,000 workers without children, according to the Center for Budget and Policy Priorities, a progressive research group.

“I do not think it is possible to overestimate the far-reaching potential effect,” the Democratic U.S. senator said. Cory Booker said at a conference call to highlight the proposals. “Once these two changes are adopted, it will truly be one of the most transformative economic policies ever to emerge from Washington, DC, in decades. This will be the largest reduction in child poverty in American history.”

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Jonathan D. Salant can be reached at [email protected]. Follow him at @JDSalant.

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