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Feb 08, 2021 03:59 AM EST
Treasury Secretary Janet Yellen stated on Sunday that she thought income levels identified by conservative Democratic senators to limit which Americans receive direct payments courtesy of the Biden administration s COVID-19 aid package were too low.
Yellen remarked she believes individual Americans earning $60,000 annually ought to be qualified for the direct payments. She proposes a higher figure than the one identified by senators, including Joe Manchin (D-W.Va.), who has called for the payments to phase out at the $50,000-per-year income level.
$60,000 Threshold for Biden s COVID-19 Aid Package
According to Yellen, If you think about an elementary school teacher or a policeman making $60,000 a year and faced with children who are out of school and people who may have had to withdraw from the labor force in order to take care of them and many extra burdens, [President Biden] thinks, and I would certainly agree, th