Third stimulus check update: Some of you won’t get any more money under the new $1,400 payment plan. Here’s the latest. – Community News
Stimulus Check

Third stimulus check update: Some of you won’t get any more money under the new $1,400 payment plan. Here’s the latest.

President Joe Biden “is comfortable” with demands from some Senate Democrats to lower barriers to receiving direct payments under the $1.9 trillion coronavirus stimulus bill, his spokeswoman said Wednesday.

Under the proposal that 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 a full payment of $1,400 per person. But contrary to the bill passed by the House, the amounts would quickly decrease until 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 many households that received two rounds of financial aid would not receive a third.

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

“He’s comfortable with where the negotiations are,” Psaki said. “Of course there will be ongoing discussions. We don’t have a final bill, as you know. Ongoing discussions will take place. He feels at ease and knows that there will be adjustments in the margins.”

But the numbers weren’t final as negotiations continued and plans to try to discuss the legislation on Wednesday were scuttled. The bill would then go back to the House with a view to getting it into Biden by March 14, when the current unemployment insurance extension expires.

“I am confident that the Senate will eventually reach a compromise that will provide immediate incentives to most hardworking New Jerseyans and billions more in the aid our state and residents desperately need to get people vaccinated, essential workers into work.” safe, reopen schools, provide assistance to the unemployed and the hungry, support our struggling restaurants and small businesses, and protect tenants and homeowners from eviction and foreclosure,” said Democratic U.S. Senator Robert Menendez.

While progressives may have lost on the higher thresholds, apparently they did win on unemployment insurance, where Senate Democrats planned to keep the extra payments at $400 a week, calling for them to be lowered to the current $300 level. rejected.

“We need to pay attention to the whole package,” said Representative Donald Norcross, D-1st Dist., a vice chair of the Congressional Progressive Caucus. ‘I’m going to hold the verdict until the final design. I’m going to bite my tongue and see what they come up with.”

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While Republicans remain united against the legislation, a 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-proclaimed Republicans, with 34% in opposition. And the $400 unemployment benefits were supported by 67%-30%.

The poll of 802 adults was conducted from February 25 to March 1 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 twofold,” said Schumer, DN.Y., on the Senate floor. “Unfortunately, it seems that too many of our Republican colleagues are resorting to the same predictable objections they make about almost every proposal backed by a Democrat. It almost doesn’t matter what’s in the bill, whatever my colleagues say to resist is ‘a liberal wish list’.”

But Rep. Kevin Brady, the top Republican on the House Ways and Means Committee, said no effort was made to reach down the aisle.

“There has been no discussion with Republicans,” said Brady, R-Texas, who in 2017 used the same procedures to cut taxes and try to repeal the Affordable Care Act without Democratic backing. “I challenge anyone to claim with a straight face that this has a twofold input or consensus.”

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

“I don’t think it’s possible to overstate the huge potential impact,” Democratic US Senator Cory Booker said during a conference call to highlight the proposals. “When these two changes are implemented, it will truly be one of the most transformative economic policies to come out of Washington, DC in decades. This will be the largest reduction in child poverty in U.S. history.”

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