House Democrats announce income cutoffs for next round of coronavirus stimulus

House Democrats announce income cutoffs for next round of coronavirus stimulus
House Speaker Nancy Pelosi // CBS
On Monday, the Wall Street Journal reported that House Democrats are planning to set the cutoff level for the $1,400 direct payments in the new round of COVID-19 stimulus to $75,000 for individuals and $150,000 per couple.

That would be identical to the cutoff levels in the previous round of payments passed at the end of 2020 — although the phaseout rate could change.

The decision comes after reports that some Democrats in Congress were open to reducing the thresholds in order to win the votes of Republicans, or shore up the votes of conservative Democrats like Sen. Joe Manchin (D-WV).

The House resolution, which is essential to shepherding COVID-19 stimulus through a filibuster-proof budget reconciliation process, reportedly also includes raising the minimum wage to $15/hour, although it is not yet clear whether that will survive Senate rules.

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by