The US stimulus plan may exclude households earning more than $ 200,000
Washington- CNN reports that Democrats in the House of Representatives have rejected the Republican proposal to drastically reduce the eligibility of stimulus payments and are developing legislation that could save the payment of $ 1,400 per person.
However, the payments could be reduced progressively faster than in previous rounds and eliminated people earning more than $ 100,000 and spouses receiving more than $ 200,000, according to the text of the proposal to be discussed by the House Resource Committee on Wednesday. .
According to the plan presented Monday by President Richard Neal, D.C., the full payment could go to people earning less than $ 75,000 a year and to spouses receiving less than $ 150,000 – the same amount of money previously examined aid. Spouses can receive $ 2,800 and another $ 1,400 for each dependent.
That eligibility wouldn’t be as tight as the Republican-backed proposal, which would exclude some 29 million households that had received previous payments.
The Republican Party plan calls for a smaller payment of $ 1,000 for people who earn less than $ 40,000 a year and spouses who earn less than $ 80,000. Payments can exclude people who earn more than $ 50,000 and spouses who earn more than $ 100,000.
After meeting with Republicans last week, President Joe Biden indicated his willingness to reduce the proposal on the amount of revenue. On Sunday, Treasury Secretary Janet Yellen told CNN that the president “is ready to negotiate with Congress to find a good structure for those payments.”
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