Washington Post: White House open to narrowing who qualifies for stimulus checks but keeping payments at $1,400 per person
media mentionBiden’s plan would provide stimulus payments to approximately 95 percent of the country, while the Republican plan, lowering the threshold to those making under $50,000 a year, would provide payments to about 70 percent of the country, according to preliminary estimates of the proposals by the Institute on Taxation and Economic Policy, a left-leaning think tank. Approximately 80 million fewer people would receive them under the GOP offer, the institute found.
The Republican plan would also be less expensive, spending $220 billion on the payments compared with the $465 billion under Biden’s plan.
The Institute on Taxation and Economic Policy also previously found that Biden’s plan would amount to a 29 percent increase in the annual income of the poorest 20 percent of Americans. Read more