Here's a graphical illustration how this changes things compared to prior stimulus checks.
Democrats are lowering the income caps for the $1,400 stimulus checks, here are the phase-out levels:— CNBC (@CNBC) March 3, 2021
-$75,000 for single filers; capped at $80,000
-$112,500 for heads of households; capped at $120,000
-$150,000 for joint filers; capped at $160,000 https://t.co/WptOrI7MLM pic.twitter.com/tOVWyfb7ij
We still have several million out of work with job growth stagnating (as shown in today's disappointing ADP report for February), and we need to keep our foot on the gas until a majority of us are vaccinated. And while it is small ball to speed up the phase-out, it would be even smaller and dumber for the House to make it into a big argument and delay this any longer. Speaking of petty and stupid....
Upshot among House Dems after Senate Dems (backed by Biden) tighten eligibility for stimulus checks: Not pleased by the change but not enough concern to tank the underlying $1.9 trillion relief bill— Manu Raju (@mkraju) March 3, 2021
Ron Johnson: "I'm going to make them read their 600-700 page bill."— Manu Raju (@mkraju) March 3, 2021
Johnson also plans to force votes on a HUGE amount of amendments to drag it out. "We need to keep this process going...I'm going to lead the effort to resist this thing."
Suggests it could drag into Sunday
March 4, 2021And the pettiness is not just Ron Johnson himself, but the outdated Senate procedural BS that is going to waste hours and days for...what? I imagine the official US jobs report is going to be "meh" on Friday, and it'll reiterate that it's time to finish this off, and get the checks out (to most of us, anyway). Then keep pounding on COVID, and step up work on the next economic items - the higher minimum wage and a sizable infrastructure package.
As a retired person with savings, SS and a small pension I don't see why I should receive one (even though I qualify for the highest amount). My income didn't take a hit like many have, I'd rather more went to those who really need it.ReplyDelete
Heck, my wife and I are in that income range where we get $0 after getting checks in Spring and in December. But we can live with it, and I'm not asking for sympathy.Delete
85% of American households are still getting checks, millions of unemployed are getting benefits and staying in their homes, and more funds are going out to get people vaccinated. That's more important, and a big step forward.