Joe Biden Supports Third Coronavirus Check Threshold at $ 75,000 for Individuals

Joe Biden supports the proposal for a third economic stimulus check for coronavirus to those who earn up to 75 thousand dollars There is ...

Compartir
Suscríbete
Suscribe our Newsletter
Recibe por email las noticias más destacadas
Video: Mundo Hispánico / Foto: Shutterstock
  • Joe Biden supports the proposal for a third economic stimulus check for coronavirus to those who earn up to 75 thousand dollars
  • There is pressure from Republicans and a part of Democrats to limit payments to a lower amount
  • Democrats continued with the project to leave the threshold for direct payments of $ 1,400 in $ 75,000 for each person

Joe Biden says he supports proposal to grant a third economic stimulus check for coronavirus to those who earn up to 75 thousand dollars, according to a publication of the news portal of Newsweek.

It was during a meeting with business leaders in the Oval Office that the President of the United States answered “yes” to a question whether he agreed with the maximum limit of eligibility for delivery of the check.

Although there is currently pressure from Republicans and a part of Democrats to limit the Payments at a lower amount, House Democrats continued with the bill to drop the threshold for direct payments of $ 1,400 at $ 75,000 for each person and $ 150,000 for married couples.

Image taken from Twitter @Newsweek

Joe Biden’s delivery of the third economic stimulus check for coronavirus is a continuation of what has been given since the pandemic crisis began in March of last year.

There are a few different stances, however, as Democratic Senator Joe Manchin is a ‘stone in the way’ in guaranteeing the $ 1,400 checks.

Manchin seeks an “objective” direction for direct payments, so he has put on the table a counterproposal that would lower the income limit to $ 50,000 for each person and $ 100,000 for couples.

In turn, the legislation proposed by the Chairman of the Ways and Means Committee, Richard E. Neal, would gradually lower the payments for the people who are higher.

This would phase out checks for citizens earning more than $ 100,000 and married couples earning more than $ 200,000.

Republicans have been said to have wanted to lower the direct payment figure to $ 1,000 and lower the cap even further, to $ 40,000 for each person and $ 80,000 for couples. But this with no payments for each person who makes more than $ 50,000 in income and couples who make more than $ 100,000.

As you will recall, Democratic representatives on Monday proposed direct payments of an additional $ 1,400 as Congress begins assembling a $ 1.9 trillion COVID-19 relief package that is part of President Joe Biden’s plan to fight the pandemic and reactivate. the economy.

Democratic members of the House Tax and Resources Commission would expand tax credits for families with children, for people with lower incomes and for those who purchase health insurance in markets created by the Patient Protection and Affordable Care Act The panel, which plans to approve the measure by the end of the week, would also provide health subsidies for some unemployed.

The COVID-19 pandemic has claimed the lives of more than 460,000 Americans, while the economy has lost 10 million jobs since the start of the crisis last year.

Filed Under: Joe Biden Third Check

Image taken from Twitter @ 20mUsa

The House Tax and Appeals Commission proposal – which exceeds $ 900,000, nearly half of Biden’s entire plan – was revealed as Democratic leaders in Congress hope to rush approval so that the measure is enacted by the president in mid-March, when current supplemental unemployment benefits expire.

That date reflects the desire of the president and Democratic lawmakers to show that they can respond quickly and decisively to the crisis, even if they must make approvals without Republican support.

“While we hope that Republicans will join us in doing the right thing for the American people, the urgency of the moment demands that we act without further delay,” said committee chairman Richard Neal, a Democrat.

With information from AP

Filed Under: Joe Biden Third Check

The post Joe Biden Supports Third Coronavirus Check Threshold at $ 75,000 for Individuals appeared first on Hispanic World.

.