by Ryan Saavedra
Daily Wire
President Joe Biden and Senate Democrats have reportedly reached a new deal that will further restrict how many people qualify to receive the $1,400 stimulus checks that are expected to go out if Biden’s American Rescue Plan is passed by Congress.
“Every American who filed individually and makes up to $75,000 will still get the full amount before it begins to reduce at incomes above that,” NBC News reported. “But rather than zeroing out at $100,000 earnings, as the House’s Covid-19 relief bill does, the Senate bill will cut off payments at $80,000.”
“For couples filing jointly, incomes up to $150,000 will still get the full amount,” the report added. “But rather than zeroing out at $200,000, the Senate bill will cut off payments at $160,000 in earnings.”