As Congress begins assembling a new COVID-19 pandemic aid package for Americans, there is a growing sense of who will be eligible to receive a third check from the government.
House Democrats on Monday offered an additional $1,400 in direct payments to individuals as part of a $1.9 trillion aid package that is part of President Joe Biden’s plan to fight the pandemic and revive the still-unstable economy.
People with incomes up to $75,000 and families with incomes up to $112,500 will receive $1,400. Joint applicants earning up to $150,000 will receive $2,800. For those earning above those levels, the benchmark incentive amount would begin to be gradually reduced. Under the proposed law, Americans earning more than $100,000 would not receive a third check.
The Democratic Finance Committee would expand tax credits for families with children, low-income people and those who buy health insurance in markets created by the Affordable Care Act of 2010. The commission, which plans to approve the measure by the end of the week, would also provide health care subsidies for some unemployed people.
The plan is expected to be closely tied to President Joe Biden’s proposed package of measures to reduce losses from the coronavirus pandemic, which has killed more than 460,000 Americans, and the still-shaky economy, which has lost 10 million jobs since the crisis began last year. Biden, less than three weeks into his presidency, said his top priorities were fighting the virus and rebuilding the economy.