WH says relief checks to go to most who got December payment
Source: MSN
Roughly 98% of U.S. households that received a COVID-19 relief check in December will also qualify for the next round of payments being championed by President Joe Biden, according to a White House official.
Biden has said that Americans were promised $2,000 in direct checks, but only $600 was approved in December. The president views that promise as a cornerstone of his $1.9 trillion relief package pending in the Senate. His proposal offers $1,400 in additional payments that would quickly phase out based on income, so that money is better aimed at the middle class and poor.
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Under the Senate bill, anyone earning up to $75,000 qualifies for the full $1,400 with the payment being cut off entirely at $80,000. Couples earning up to $150,000 also receive checks with the payments disappearing at an income of $160,000.
Still, families that do not receive a direct check might still come out ahead in the massive $1.9 trillion package. The bill expands tax credits for children and childcare and those benefits will go to some of the households that received a check in December but no longer qualify for it.
Read more: https://www.msn.com/en-us/news/politics/wh-says-relief-checks-to-go-to-most-who-got-december-payment/ar-BB1eeSEA?li=BBnb7Kz
Cha
(316,504 posts)And there were people here and elsewhere on social media declaring that this was a disaster and we'd surely lose in the midterms because of it.
Paper Roses
(7,613 posts)It will go to my house taxes due on May 1st .I am trying, like so many others, to keep my head above water. If I sell my house and try to rent an apartment, the equity I have will be gone on no-time. It is cheaper for me to stay where I am and hope to be able to pay my bills. Believe me, there is nothing left after paying my bills.
I'm sure there are millions of people in the same situation. Work your whole life and get screwed at the end.
Yes, I'm depressed. Never expected things to be as they are as I reach the end of my life. My best wishes to those in the same boat. It is not fun! To those making above the income eligible for this check, I wish you well. To the very rich, maybe you should think about putting yourself in the shoes of others. Some are complaining..well, I bet you can find ways to economize live many of us.
wendyb-NC
(4,597 posts)My monthly Social Security check doesn't go very far. I think that food, and miscellaneous supplies for cleaning, etc. , have increased in price over the past year. The stimulus check, will be a big help.