Biden Agrees to Limit Number of $1,400 Payments for Americans
March 3, 2021 3:20PM EST
PHILADELPHIA – MAY 8: Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May 8, 2008 in Philadelphia, Pennsylvania. One hundred and thirty million households are eligible to receive a tax rebate check under the $168 billion economic stimulus plan. (Photo by Jeff Fusco/Getty Images)
President Joe Biden has reportedly struck a deal with Senate Democrats to tighten eligibility requirements for the next round of stimulus checks.
Under the agreement, U.S. residents who make more than $75,000 a year — and couples who make more than $150,000 a year — will not receive a $1,400 payment, says White House press secretary Jen Psaki. The plan originally called for Americans who make between $80,000 and $100,000 a year to receive a partial payment.
Psaki says the previous plan’s promise to increase weekly unemployment benefits by $400 remains in place.
Has the pandemic been as hard on your financial situation as you feared it would be? Is it fair to exclude people who make more than $75,000 a year?
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