New Plan for $1,400 Stimulus Checks Takes Shape. What You Need to Know. - GV Wire - Explore. Explain. Expose
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New Plan for $1,400 Stimulus Checks Takes Shape. What You Need to Know.

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President Biden promised to get more relief to Americans quickly to help people survive financially until the pandemic is under control. A key part of Biden’s proposal is to send another round of cash payments directly to U.S. households.

Some economists, Republicans and moderate Democrats have argued that this third round of “economic impact payments” — more commonly referred to as “stimulus checks” or “relief payments” — should go only to the hardest-hit families. Some say the payments are a waste of taxpayer dollars.

The latest proposal Democrats are considering would send $1,400 payments to individuals earning $50,000 or less and $2,800 to married couples earning $100,000 or less.

Similar to the prior rounds of stimulus checks, people who earn slightly above those thresholds would still qualify for a partial payment.

The new round of $1,400 payments would not go out until after Congress passes its broad relief package. The timing on that effort remains unclear, but White House officials have said they are determined to pass the legislation before mid-March — when millions of jobless Americans would begin losing unemployment benefits if Congress does not act to prevent it.

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