President Joe Biden and Senate Democrats have reportedly reached a new deal that will further restrict how many people qualify to receive the $1,400 stimulus checks that are expected to go out if Biden’s American Rescue Plan is passed by Congress.
“Every American who filed individually and makes up to $75,000 will still get the full amount before it begins to reduce at incomes above that,” NBC News reported. “But rather than zeroing out at $100,000 earnings, as the House’s Covid-19 relief bill does, the Senate bill will cut off payments at $80,000.”
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