The legislation the Democrats want to get through the Senate by the weekend remains one of the largest federal aid packages in modern American history. It would provide hundreds of billions of dollars in vaccine distribution to hospitals, state and local governments and families struggling to recover from the economic fallout from the coronavirus pandemic.
“We can’t get through the 2009 situation where the incentive wasn’t strong enough and we stayed in recession for years,” New York Senator Chuck Schumer, majority leader, said on Wednesday. The legislation, he added, “will be the largest poverty reduction bill in recent history”.
In recent days, however, it has narrowed to accommodate concerns from the moderates as well as the Senate’s arcane rules.
Under Mr Biden’s new proposal, individuals earning more than $ 80,000 and households with incomes above $ 160,000 would be banned from receiving stimulus checks. The caps are $ 20,000 lower than last round, nullifying payments for millions of Americans.
The plan would send 1,400 checks to people earning up to $ 75,000, single parents with children earning $ 112,500, and couples earning $ 150,000, with the amount gradually decreasing for those with higher incomes. The payment would go away for people with a cap of $ 80,000 for individuals, $ 120,000 for single parents, and $ 160,000 for couples overall. Mr Biden’s original proposal, passed by Parliament over the weekend, would have set the cap at $ 100,000 for individuals, $ 150,000 for single parents, and $ 200,000 for couples.