House Democrats are plowing ahead with a CCP virus stimulus package that would keep the existing income limits for the proposed $1,400 stimulus checks and payments, while reducing eligibility for higher-income individuals and couples. According to draft legislation (pdf) proposed on Monday, Democrats earning $75,000 or less would receive the $1,400 payment. A bipartisan group of lawmakers attempted to reduce the threshold to $50,000, while Treasury officials said that $60,000 should be the limit. The draft noted that the payments would phase out faster than previous rounds, cutting off Americans who make more than $100,000 per year and couples who earn more than $200,000 per year. “Our nation is struggling, the virus is still not contained, and the American people are counting on Congress to meet this moment with bold, immediate action,” House Ways and Means Chairman Richard Neal (D-Mass.) said in a news release. “Later this week, the Ways and …House Democrats are plowing ahead with a CCP virus stimulus package that would keep the existing income limits for the proposed $1,400 stimulus checks and payments, while reducing eligibility for higher-income individuals and couples. According to draft legislation (pdf) proposed on Monday, Democrats earning $75,000 or less would receive the $1,400 payment. A bipartisan group of
Read MoreEpoch Times, United States politics | The Epoch Times
