Select Media Mentions
Vanity Fair: Millions of people who received stimulus checks last time around won’t get them again
March 5, 2021
Under the narrower eligibility rules, individuals earning under $75,000 (and couples earning under $150,000) are set to receive the full check, but those making $80,000 and up (and $160,000 or more as a couple) will no longer qualify. According to an analysis from the Institute of Taxation and Economic Policy, approximately 16 million fewer Americans […]
Market Place: Who qualifies for the $1,400 checks under the Democrats’ new proposal?
March 5, 2021
The left-leaning Institute on Taxation and Economic Policy has analyzed how many people would get help under the Senate caps, and found that 86% of adults and 85% of children would. On the other hand, the House bill would help 91% of adults and 90% of children. In total, 11.8 million fewer adults and 4.6 […]
Marketwatch: ‘This is pure politics’: Fewer Americans will get a stimulus check this time around — here’s how many people will get one
March 5, 2021
The previous House version would have covered 91% of adults — 212.1 million Americans — and 90% of children — another 84.7 million people, said Steve Wamhoff, director of federal tax policy at the left-learning Institute on Taxation and Economic Policy. “It’s a difference, but it’s not an enormous difference,” he said. “When you look […]
LA Times: Senate Democrats’ COVID bill ends weekly $400 unemployment in August, not September
March 5, 2021
The Institute on Taxation and Economic Policy, a progressive research group, estimates 2.37 million fewer Californians would receive money under the Senate bill than with the House bill. Nationally, an estimated 16.4 million fewer Americans will get a check. Read more
Motley Fool: Stimulus Check Changes Leave 12 Million U.S. Adults Out of Upcoming Round
March 5, 2021
ll told, this means 11.8 million adults may no longer be eligible for a stimulus payment, according to the Institute on Taxation and Economic Policy. On top of that, 4.6 million children could be left without a stimulus payment as well. Still, Americans in the bottom 60% of U.S. wage earners won’t be impacted by […]
The Moguldum Nation: Biden Folds On Stimulus, Backs Lower $70K Income Ceiling To Get $1400
March 5, 2021
Around 12 million fewer adults and 5 million fewer children would get the stimulus payments under the new Biden-Senate compromise, according to estimates from the Institute on Taxation and Economic Policy think tank. About 200 million adults and 80 million children will still be eligible for relief under the new structure. Read more
Bloomberg Tax: Mega-Rich and Plans to Tax Them Abound in Washington State
March 4, 2021
According to a Dec. 31 report from the bipartisan Tax Structure Work Group, the state’s system creates average tax burdens at 8.2% of total income for households with income between $17,000 and $30,000 a year, but the burden drops as incomes rise and is only 1.8% for households making more than $208,000. The Institute for […]
NJ.com: Third stimulus check update: Here’s how many N.J. residents would now get nothing under new plan for $1,400 payments
March 4, 2021
The Institute on Taxation and Economic Policy said the Senate proposal would provide payments to 4.8 million New Jerseyans. The bill includes $1,400 payments to those making up to $75,000, eliminating them entirely for those making more than $80,000, and $2,800 payments to couples making up to $150,000, ending them for those making more than […]
New York Times: Democrats Narrow Stimulus Payments as Biden Works to Keep Aid Plan on Track
March 4, 2021
If adopted, the change in income limits would mean that about 12 million adults and five million children who received stimulus payments under the last round of aid signed in December by President Donald J. Trump would not receive them under Mr. Biden’s bill, according to an analysis by the liberal Institute on Taxation and […]
Washington Post: Biden limits eligibility for stimulus payments under pressure from moderate Senate Democrats
March 4, 2021
Around 12 million fewer adults and 5 million fewer children would get the stimulus payments under the new Biden-Senate compromise, according to preliminary estimates from the Institute on Taxation and Economic Policy, a left-leaning think tank. About 280 million Americans in total — 200 million adults and 80 million children — would still be eligible […]
Forbes: Nearly 17 Million Fewer Americans Will Get New Stimulus Checks Under The Senate Revision: Here’s Who Qualifies Now
March 4, 2021
About 11.8 million fewer adults and 4.6 million fewer kids would get the stimulus payments under the new Biden-Senate compromise, according to preliminary estimates from the Institute on Taxation and Economic Policy, a progressive think tank. About 280 million Americans in total (200 million adults and 80 million kids) would be eligible for the checks […]
International Business Times: Third Stimulus Check Eligibility Change: Here’s Who Won’t Be Receiving $1,400 Payments
March 4, 2021
However, under the new terms set by Senate Democrats, individuals earning $80,000, heads of households making $120,000 and married couples with $160,000 in income would no longer receive the relief payments. This means single taxpayers earning between $80,000 and $100,000, and married couples making between $160,000 and $200,000 per year , won’t be receiving partial payments. […]
Associated Press: Democrats tighten eligibility limits for COVID-19 relief benefits
March 4, 2021
That means some people who received the last round of $600 relief checks approved in December wouldn’t get anything this time. The liberal Institute on Taxation and Economic Policy estimated that the pared-down Senate eligibility levels means 280 million adults and children would receive stimulus checks, compared to 297 million people under the House plan. […]
Fortune: Biden supports lowering $1,400 stimulus check cutoffs. Here are the proposed income thresholds
March 4, 2021
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
Business Insider: Biden cuts 16 million people off from stimulus checks after striking deal with moderate Senate Democrats, study says
March 4, 2021
A faster phaseout for the $1,400 checks in President Joe Biden’s stimulus plan would exclude more than 16 million Americans from receiving one, according to a preliminary analysis from the left-leaning Institute on Taxation and Economic Policy. The president on Wednesday approved a compromise on the direct payments that would trim the number of people […]
Slate Magazine: Democrats Have Decided to Send Checks to Fewer People for No Actual Good Reason
March 4, 2021
Centrists such as Sen. Joe Manchin of West Virginia have spent weeks urging the administration to “target” the new round of $1,400 economic impact payments more narrowly to lower-income families in order avoid spending money on households that might not be facing financial difficulties at the moment. On Wednesday, Democrats said they would phase down […]
The Hill: Analysis: Senate stimulus check changes would reduce recipients by up to 16 million
March 4, 2021
The left-leaning Institute on Taxation and Economic Policy estimated that 11.8 million fewer adults and 4.6 million fewer children would be eligible for the direct payments. Steve Wamhoff, the group’s director of federal tax policy, said the changes in the Senate bill would not reduce eligibility for people in the bottom 60 percent of income. […]
New York Post: Nearly 12 million Americans could lose COVID stimulus checks under Biden’s new cap
March 4, 2021
About 200 million adults would receive stimulus checks under the new Senate plan, roughly 11.8 million fewer than under the $1.9 trillion COVID-19 relief bill the House of Representatives passed last week, which had a $100,000 income cap, according to estimates from the Institute on Taxation and Economic Policy. The changes would also result in […]
Fox Business: Biden blocks $1,400 stimulus checks for 16M Americans after tightening income eligibility
March 4, 2021
That’s according to a preliminary analysis published by the left-leaning Institute on Taxation and Economic Policy, which found that a plan by moderate Democrats to curtail benefits for higher-income earners will cut off cash payments for roughly 11.8 million adults and 4.6 million children. Under the latest proposal, Americans earning $75,000 or less would still receive the fully promised […]
Newsweek: ‘Most Popular Proposal’: Stimulus Check Threshold That Cuts Off 16 Million Opposed by Progressives
March 4, 2021
The Institute on Taxation and Economic Policy, a left-leaning think tank, has estimated that the amendment would cut off around 11.8 adults and 4.6 million children from receiving the checks. Read more
Yahoo! Finance: New stimulus check thresholds would leave 12 million adults without payments
March 4, 2021
Narrower income requirements for the next round of stimulus checks would mean 11.8 million fewer adults and 4.6 million fewer children would get payments compared with an earlier version of the relief bill that passed the House last week, according to estimates by the Institute on Taxation and Economic Policy. The Senate version of the […]
Reuters: Millions of U.S. households would not get COVID-19 payments under new Biden plan
March 4, 2021
The Institute on Taxation and Economic Policy calculated that those payments now would help 11.8 million fewer adults and 4.6 million fewer children than the more generous version that passed the House. But 200 million adults and 80 million children would still see benefits, the left-leaning think tank estimated. “For the bottom 60% of Americans, […]
KRGV: Senate continues to work on COVID-19 relief bill
March 4, 2021
According to Institute on Taxation and Economic Policy, 12 million fewer adults and 5 million fewer kids would get a stimulus payment based on the Biden and Senate agreement. Read more
CNBC: About 12 million adults may not receive those $1,400 stimulus checks. Here’s why
March 4, 2021
Steve Wamhoff, director of federal tax policy, said the numbers are “pretty close” to the Urban-Brookings Tax Policy Center’s estimates. “For most people, it doesn’t make a difference,” Wamhoff said. “For the people who really need help, in the bottom 60%, there’s virtually no change.” Read more
Today.com: Senate bill will narrow who can receive $1,400 stimulus checks
March 4, 2021
According to CNBC, the Institute on Taxation and Economic Policy estimated that that would affect about 12 million adults and 4.6 million children in the country. “That being said, it does not make a difference and it basically makes no difference for the bottom 60% of Americans, the folks who really need help,” Steve Wamhoff, […]
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