March 4, 2021
The new income caps would mean that 11.8 million fewer adults and 4.6 million fewer kids would receive a third stimulus payment, the Institute on Taxation and Economic Policy calculates.
“That being said, for most people it does not make a difference and it basically makes no difference for the bottom 60% of Americans, the folks who really need help,” says Steve Wamhoff, ITEP’s director of federal tax policy. Read more
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