This lower cutoff proposal, if passed, would result in roughly 12 million fewer adults getting stimulus checks, according to the nonpartisan think tank Institute on Taxation and Economic Policy, reported by the Washington Post. In addition, roughly 5 million fewer child dependent checks would be sent. Read more
March 4, 2021
Fortune: Biden supports lowering $1,400 stimulus check cutoffs. Here are the proposed income thresholds
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.