According to new estimates, the third round of stimulus checks proposed by President Joe Biden could lead to more than 16 million people not receiving a check.
On Wednesday, Biden accepted a new approach on the proposed $ 1,400 payments while maintaining the same income thresholds used for the first two checks. This time around, however, the payments above those lines disappear at a much faster rate.
Individuals earning up to $ 75,000 per year would get full payment, but would end up earning anyone over $ 80,000 per year under the compromise intended to allay the concerns of moderate Democratic senators.
“’According to the Senate version of the bill, 158.5 million households will receive direct payments. This is 98% of families. ‘”
– White House Press Secretary Jen Psaki speaks Thursday.
Married couples earning $ 150,000 a year would get the full allowance, but it stops at $ 160,000. People who made up to $ 112,5000 by applying as breadwinner will also receive the full check and their payments for anyone who makes over $ 120,000.
White House Press Secretary Jen Psaki said during a press …