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Third stimulus check update: Republican senator wants to give $1,400 to fewer people. Here's the latest.


Third stimulus check update: Republican senator wants to give $1,400 to fewer people. Here’s the latest.
Updated Feb 24, 2021;
U.S. Sen. Susan Collins of Maine, part of a group of Senate Republicans who met with President Joe Biden and asked him to shrink his $1.9 trillion coronavirus stimulus bill, said Tuesday that families making $200,000 shouldn’t get checks in this next round of payments.
Collins said she supported keeping the payments at $1,400 for eligible individuals, $2,800 for couples and $1,400 for dependents, but wanted them to end more quickly than under the legislation moving through the House this week.
The House legislation gradually phases out the payments for individuals earning from $75,000 to $100,000, and for couples earning from $150,000 to $200,000. The caps were added in response to complaints from lawmakers that the proposed formula would have allowed large families earning $300,000 or $400,000 to get some federal largesse. ....

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