U.S. Treasury's Yellen: Americans earning $60,000 should get stimulus checks

[dalton99a]

https://www.reuters.com/article/us-healthcare-coronavirus-usa-congress/u-s-treasurys-yellen-americans-earning-60000-should-get-stimulus-checks-idUSKBN2A70JE

U.S. Treasury's Yellen: Americans earning $60,000 should get stimulus checks
By Reuters Staff

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House’s proposed $1.9 trillion coronavirus relief package.

“The exact details of how it should be targeted are to be determined, but struggling middle class families need help,” Yellen said on CNN’s “State of the Union.”

The White House has said it is open to negotiation on who should be eligible to receive the proposed $1,400 checks, and has declined to specify where it thinks the income cutoff should be.

“President (Joe) Biden is certainly willing to work with members of Congress to define what’s fair and he wouldn’t want to see a household making over $300,000 receive these payments,” Yellen said, without offering further detail.

If Congress approves the $1.9 trillion plan, the country would get back to full employment next year, Yellen said. Otherwise, she said, unemployment would linger for years.

[roamer65]

1. At a minimum, cutoff should be the one from the original stimulus.

75k single, 150k couples.

60k is too low.

[Cirque du So-What]

2. When did you serve as Chair of the Fed?

I must’ve missed it.

[Turin_C3PO]

3. It's smart politically

to keep the threshold the same as the last two. Otherwise, it might hurt us in purple suburbs with many getting the first two payments under Trump but none under Biden. I agree that it shouldn’t be a big deal either way but I want to do everything we can to keep the House in 22.

[roamer65]

4. THIS.

[dixiechiken1]

6. Agree 100%

[roamer65]

5. It's not her decision to make.

It’s for Congress to decide. I want Congress to use the same thresholds as the last two.

I only got a small fraction of the first and none of the second, but I still want to see the same. We don’t need to lose the House over this issue in 2022.

[dawg]

7. People who got the $600 checks believe they have been promised $1,400 more.

To do less than that would be political suicide.

Want to give more to the lower-earning folks? Good, do that too.

But don't cheap out on what people feel has already been promised to them. Don't make Trump look more generous to the middle-class than the Democrats.

[crickets]

8. Exactly. To change the rules between one check and the next is silly. nt