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Would You Get a Targeted Stimulus Check?
Kiplinger
2/1/2021
© Provided by Kiplinger
The latest battle over the next round of stimulus checks is whether they should be targeted to people who need them the most. President Biden s $1.9 trillion stimulus package includes a third round of $1,400 stimulus checks ($2,800 for married couples filing a joint return), but his plan doesn t call for changes to the phase-out rules that deny payments to wealthier Americans. That s a problem for many Republican lawmakers…and for a few key Democrats as well.
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Although some details are missing, Biden s stimulus check plan is similar to the CASH Act proposal that was passed by the Democrat-controlled House in December but blocked in the Senate by Republicans who control that chamber at the time (Democrats now control the Senate). The primary reason cited by Republicans for blocking the CASH Act was that it would have sent thousands of dollars to pe ....

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