Democrats Propose a "Fair Way" Forward. Who Gets the Free Money?
Mish
Democrats revised their $1.9 trillion Covid "American Rescue Plan of 2021". Let's investigate the details.
Democrats to Change Eligibility for Direct Payments
Commenting on revised eligibility rules, Senator Debbie Stabenow of Michigan, a member of Senate Democratic leadership says “This is a fair way forward.”
President Biden signed off on the last-minute alterations to the direct payments, which would shrink the $1,400 checks to zero more quickly for individuals making more than $75,000 and married couples making more than $150,000, according to Democrats familiar with the changes.
“This is a fair way forward,” Sen. Debbie Stabenow of Michigan, a member of Senate Democratic leadership, said of maintaining the income thresholds, but accelerating the speed at which checks are phased out. “I think that’s a reasonable compromise.”