Slate Magazine: Democrats Have Decided to Send Checks to Fewer People for No Actual Good Reason

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 checks more quickly for higher earners than originally planned. As a result, approximately 11.8 million fewer adults and 4.6 million fewer children will benefit from a payment, according to an analysis by the Institute on Taxation and Economic Policy. Read more