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Local analysts weigh in on stimulus package, direct $1,400 checks
Rose-Ann Aragon, Reporter
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HOUSTON – House Democrats released more details about their COVID-19 relief bill and its $1,400 stimulus checks. This comes after President Joe Biden announced a $1.9 trillion stimulus package, which local analysts say will help people and the economy.
In this new bill, Democrats decided on keeping the income cutoff the same. It includes $1,400 payments for individuals who earn up to $75,000 per year and their dependents and 28-hundred for married couples earning up to $150,000 per year.
University of Houston’s Economics Department Chair and professor Dietrich Vollrath said the $1.9 trillion stimulus package is appropriately sized. When asked if the stimulus package would help people and help the economy, Vollrath put it bluntly.
HOUSTON, Texas (KTRK) President-elect Joe Biden is preparing to take office next week. He has ahead of him not just the tasks of reviving the U.S. economy and ending the COVID-19 pandemic in the country, but also his plan to help ease the student loan burden on many Americans.
Houston Community College student, Andrea Sanders, is just one of millions of those Americans. She has nearly $40,000 in student loan debt and is hopeful now, though, after hearing about Biden s proposal to forgive at least $10,000 of it. That would be great. It would be a tremendous help for my family, she said.