Senate Will Narrow Income Limits For Stimulus Checks

Senate Democrats have agreed to narrow the income limits for those who would receive stimulus checks in order to draw in more support from moderate Senators. From the New York Times:

Like the House bill, the proposal under discussion would send $1,400 checks to people earning up to $75,000 and households earning up to $150,000, with those earning more receiving smaller payments.

But the Senate proposal would end the checks altogether for those making $80,000 or couples earning $160,000, while the House measure had a higher cap of $100,000 for individuals and $200,000 for households. But Senate Democrats have agreed to the House-passed proposal to provide a $400 weekly federal unemployment payment through the end of August, rejecting a bid by some moderate senators to keep the weekly benefit at the current amount of $300 per week.

Read the full article.

This morning, Senate Majority Leader Chuck Schumer issued a statement saying he has confidence Democrats have the votes to pass the measure.

Senate Majority Leader Chuck Schumer (D-NY) says “we’ll have the votes” to pass COVID relief bill in the Senate this week https://t.co/Na5yOErxM9

— CBS News (@CBSNews) March 2, 2021