- President-elect Joe Biden has supported $US2,000 stimulus checks, which are expected to be part of another economic aid package to be unveiled this week.
- Higher earners may receive some federal cash, as the income phase-out for payments under a House proposal was raised.
- Here are some groups who could get a $US2,000 stimulus payment.
- Visit Business Insider’s homepage for more stories.
Democrats are poised to regain full control of Congress for the first time in a decade â€” and now that means bringing $US2,000 stimulus checks for Americans a step closer to becoming reality.
The two Democrats who swept the Senate runoff elections in Georgia last week campaigned on boosting the $US600 direct payments in the latest relief legislation. President-elect Joe Biden has since expressed support for $US2,000 checks, which House Democrats approved in December to capitalise on a last-minute push from President Donald Trump.
But they have stirred criticism from some economists who argue that bigger federal payments would be sent to people who don’t need them because they did not lose their jobs. Republicans in the Senate dismissed the proposal, attacking its high price tag of $US464 billion. Biden has indicated the checks would be part of another federal rescue package that’s set to be unveiled on Thursday.
Marc Goldwein, a policy director at the nonpartisan Committee for a Responsible Federal Budget, recently shared a table on Twitter breaking down who could qualify for the federal cash.
Cheat sheet on who would get how much in $2,000 checks – pic.twitter.com/RCE76aadG6
— Marc Goldwein (@MarcGoldwein) December 29, 2020
Even higher earners could get some cash. Under the House proposal, the payments would phase out for single adults earning $US115,000 and above.
In addition, the plan would provide a full $US2,000 check for adult dependents such as people with disabilities, college students, and others normally claimed as dependents on taxes. Those groups were excluded from getting a stimulus payment in both major economic rescue packages last year.
Others who could get government cash:
- A married couple with no children earning $US50,000 a year would get $US4,000.
- A single parent with two kids making $US50,000 yearly would receive $US6,000.
- A single adult earning $US100,000 annually would get $US750.
The timing of another economic aid package remains unclear. House Democrats this week are expected to impeach Trump for the second time, on a charge that he incited a riot at the US Capitol that left five people dead. Sending the article of impeachment to the Senate would prompt a trial.
Biden said on Monday that he was consulting with Democratic leaders and the Senate parliamentarian about the chamber dividing its days between conducting an impeachment trial and carrying out his legislative agenda, including a multitrillion-dollar stimulus package.
It’s unclear whether Senate rules would allow it, leaving open the possibility of an impeachment trial hobbling Biden’s ability to enact his early agenda.
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