Republicans are pushing for $ 1,000 stimulus checks. Here is who would qualify for the buck
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The next stimulus checks could be less than $ 1,400 and reach fewer people if a new plan by some Republican senators is approved.
The new proposal by a group of 10 GOP legislators calls for US $ 1,000 checks per person instead of the US $ 1,400 proposed by President Joe Biden.
This would bring the direct payments to $ 1,600, including the first payment approved in December.
Individuals earning $ 40,000 per year are eligible for the full payments. For those with incomes above this threshold, payments would gradually expire and eligibility would be capped at $ 50,000 per annum.
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For married couples filing tax together, payments with an income of $ 80,000 would expire and capped at $ 100,000.
Children and adults who are considered dependents are eligible for $ 500.
Convicted inmates would not be eligible. Currently, prisoners are eligible to receive the $ 600 checks that are put in place.
The checks would amount to an estimated $ 220 billion under the Republican plan. The overall package, including additional funding for vaccines, childcare, improved unemployment insurance, and nutritional benefits, would cost an estimated $ 618 billion.
In contrast, Biden’s plan, which calls for 1,400 checks per person, would cost an estimated $ 465 billion in direct payments, or a total of $ 1.9 trillion.
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