Kiplinger: Congress Passes Bill with More “Targeted” Stimulus Payments

However, the stimulus check plan in the original version of the bill is different than what’s found in the final bill. While in the Senate, a more aggressive stimulus check “phase-out” (i.e., reduction) rate was added. The new rate made the stimulus check provisions more “targeted” to people who need assistance the most. As a result, according to the Institute on Taxation and Economic Policy, nearly 12 million American adults who would have received a partial third stimulus check under the original bill won’t get any payment under the final bill.

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