Senate Democrats have reached an agreement with the White House to tighten the limits on who can receive the next round of stimulus checks as part of President Biden’s $1.9 trillion COVID-19 relief package, according to several Democratic sources.
The change comes after demands from moderate Democrats to make sure the latest round of checks is targeted at lower-income families. The full amount of the checks remains unchanged at $1,400, but the amount would phase out quickly for higher earners.
The Senate plan would still allow individuals earning up to $75,000 per year and couples earning up to $150,000 per year to receive the full benefit. But the payments would phase out more quickly and end entirely for individuals earning $80,000 or more and couples earning $160,000 or more. The cutoffs in the House bill were much higher, with individuals earning up to $100,000 and couples earning up to $200,000 still receiving some benefit.
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