Senate Democrats have struck a deal to lower the income cut off for receiving a stimulus payment as part of the coronavirus bill, a Democratic aide confirmed to The Hill.<\/p>\n
The decision, which speeds up the phasing out of checks, reflects a demand from moderate Democrats to curb the ability of high-income earners to receive the stimulus payments.<\/p>\n
Under the agreement, individuals who make up to $75,000 per year or couples who make up to $150,000 per year will still receive a $1,400 check.<\/p>\n
But the Senate bill, which is expected to be unveiled as soon as Wednesday, significantly reduces the income window for receiving a partial check.<\/p>\n
The checks would phase out completely at an income threshold of $80,000 for individuals under the Senate deal, compared to $100,000 under the House bill.<\/p>\n
While the Senate bill changes the checks, it\u2019s expected to keep the House-passed $400 per week unemployment payment. Those payments would go through August, but not September, as some like Finance Committee Chairman Sen. Ron Wyden (D-Ore.) wanted.<\/p>\n","protected":false},"excerpt":{"rendered":"
Senate Democrats have struck a deal...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,16,7],"tags":[],"class_list":["post-32339","post","type-post","status-publish","format-standard","hentry","category-business","category-health","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/32339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32339"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/32339\/revisions"}],"predecessor-version":[{"id":32340,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/32339\/revisions\/32340"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}