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.
March 10, 2021
Kiplinger: Congress Passes Bill with More “Targeted” Stimulus Payments
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