Joe Biden says he is willing to adjust income thresholds for a fresh wave of stimulus payments

[Yo_Mama_Been_Loggin]

Source: Business Insider

in new relief package

President Joe Biden said on Monday he is open to adjusting the income thresholds for a fresh wave of stimulus checks for Americans, a key demand among some moderate senators reluctant to back his rescue package.

"There is legitimate reason for people to say, 'do you have the lines drawn the exact right way?' Biden said during a press conference. "Should it go to anybody making over x number of dollars? I'm open to negotiate those things."

Biden said he included more stimulus payments in his $1.9 trillion proposal because they drew support from Democrats and some Republicans last year. Former President Donald Trump demanded a higher stimulus payment amount in a frenzied last-minute push in December.

The remarks reflect Biden's willingness to negotiate elements of his rescue package to garner GOP support, though he didn't delve into more specifics. His plan includes a provision for a $1,400 top-up to $600 checks sent out in December, bringing the full amount to $2,000 for many taxpayers.

Read more: https://www.yahoo.com/news/joe-biden-says-willing-adjust-221102960.html

[ibegurpard]

1. I never stopped working

And my workplace is low-risk. I don't need a stimulus payment.

[Lars39]

6. The economy does....spend it.

[Hoyt]

12. Someone making $30,000 can spend it too and they likely need it more. I think

they ought to look at threshold and phaseout. Then make a decision about keeping those thresholds.

[Lars39]

13. The idea is to keep the economy, ie jobs going.

Spending that money helps do that.

[Hoyt]

14. Fine, let the poorest spend their $2100 and the $150,000 family spend

their $700. Impact on economy is still $2800 directly (2 X $1400).

[Happy Hoosier]

24. One of the points is to get more money flowing to businesses.

By limiting who gets it, there is less money flowing up.

The benefit isn't just to individuals in need, though that's where we start.

[Hoyt]

26. Not if you give $2100 to the poorest (rather than $1400) and $700 (not $1400) to the better off.

[AZ8theist]

21. Same here..

But after getting raped by the Trump Tax Scam, I'll gladly take the money. And either spend it to help the economy or donate it to worthy DEMOCRATIC candidates, a food pantry, or other required relief.

[LonePirate]

2. Republicans do not understand that $75K (or $100K) is not the same in New Orleans and NYC.

[iluvtennis]

8. and not the same in the Bay Area. nt

[JI7]

9. most people who live in those places do not make that much

[LonePirate]

11. Yes, and Republicans want it that way.

[Indykatie]

3. Makes Sense To Me - The Money Should Go To Those Struggling Not Those With Incomes Over $100K

A single filer could have income up to $99K for the first round of stimulus and $198K for a married couple with no kids. Folks with this level of income should not be struggling or facing eviction unless they have made some really bad decisions and choices.

[rpannier]

18. In the Sna Francico Bay Area 100K a year gets you housing assistance

Because it's that expensive
I guess the bad decision would be taking a job in the San Francisco Area?

[Turin_C3PO]

29. But they're going by last years tax returns.

Someone at those income levels could have lost their job due to pandemic and not have much savings, thus desperately in need of financial help.

[turtleblossom]

4. Some $75K+ people lost income/job also. It's tricky.

Some people are doing fine prefer to aid others in need.

[Happy Hoosier]

25. That's true, but how to find them?

No need to piles of process on top of this IMO. Some people would get money they don't need. Big woop. I'd rather that than people who need help not getting it.

[yaesu]

5. Those who are lucky enough to not need it can donate to a shelter, food pantries or

even much needed animal shelters as pets are being abandoned in record numbers. Don't dis the checks just because you don't need it.

[barbtries]

7. i'm okay with this,

and i am so fortunate to be in a position that i do not need that money. I would actually be happy if more money would be directed at lifting others out of poverty.

[jb5150]

10. I'm unemployed ... I need every dime of it.

I will admit I was only able to work part time, because of my health ... but I live in FL and I am making a whopping 79 bucks a week in employment. If I didn't live with family, I'd be homeless.

[Lucinda]

15. ❤️✿❧🌿❧✿❤️

[turbinetree]

16. McConnell has caved on the filibuster as being Reported by Maddow tonight

Biden and Schumer are going to pass a bill and move this country forward.............to get relief to people that are hurting

[Johnny2X2X]

17. Lower it

But make sure unemployment is enough. $60K or $120K for couples. But make UE more than $400 for high wage earners who’ve been laid off.

[blue-wave]

19. As someone who is an "essential worker"

I'm a bit, actually more than a bit peeved. A lot of us have been sick with Covid, including me. Many have died because we are front-line. All the talk of hazard pay for front-line workers has disappeared or is briefly mentioned as something employers should voluntarily do. Well I have news. The vast majority of employers will not give hazard pay a second thought. So now after having risked our lives, many will be asked to forego the stimulus checks. It just doesn't seem right. It's a stick in both eyes.

And just as a disclaimer, I'm not in one of the higher brackets that will likely be excluded but yes, very pissed about the disregard for essential workers.

[leftofthestorm]

20. That is President Joe Biden to you.....

Thank you.

[GulfCoast66]

22. I neutral on the $1400. Would rather it go to low income folks

What would help the most, and got us through the spring/summer is reinstated $600 a week unemployment.

I think the is better aimed policy. Plus it boosts demand for $15 an hour minimum wage.

[liskddksil]

28. We won the Georgia races on those checks so those must be included nt

[70sEraVet]

23. Wife and I are both retired, but we've been affected

Yes, we still get our SS checks, but a few years ago we bought a rental property as a retirement plan to supplement our income. Our two tenants are struggling, and those stimulus checks help them to catch up on the rent they owe - that in turn, helps us. My point is that people have been hurt, even if they themselves haven't lost their jobs.

[Barbara2423]

27. If you put money into the system you should be able to get money out.

If you don't need or want it donate it to your favorite charity.

[EndlessWire]

30. I guess he will do what he has to do.

People need money NOW. It is appalling that our elected reps would hold up this deal on the basis that by G-d, no one who doesn't "need" it is going to get any, no matter what it does to the rest of them!

Who the hell cares if some get extra? They bloody well know that they should be handing out at least $2,000 more than what they have been asked to give. They could hand out $5,000 and it wouldn't hurt. $1200 more (or $1400, whatever, I've lost track) is food money, and not everybody is in the business of providing food. Some people need to move merchandise in order to keep their businesses. Who's gonna buy a purse if they are still eating dog food? But, the reps don't realize it because they themselves aren't worried about eating.

These people are disgusting. They should back the Pres 100%. They got off easy.