Here's the new Democratic plan for $1,400 stimulus checks
Source: MSN/The Washington Post
Heather Long, Jeff Stein 9 hrs ago
President Biden promised to get more relief to Americans quickly to help people survive financially until the pandemic is under control. A key part of Bidens proposal is to send another round of cash payments directly to U.S. households.
Some economists, Republicans and moderate Democrats have argued that this third round of economic impact payments more commonly referred to as stimulus checks or relief payments should go only to the hardest-hit families. Some say the payments are a waste of taxpayer dollars.
The economy is getting even worse for Americans with a high school diploma or less education
Biden and Democratic leaders in Congress argue a third round of stimulus checks is necessary to ensure people who have lost their jobs or taken a pay cut still have enough money to buy food, pay rent and get the medical care they need during a pandemic. But the White House has signaled the president is willing to narrow who gets them, sending checks only to low- and moderate-income families this time around.
The latest proposal Democrats are considering would send $1,400 payments to individuals earning $50,000 or less and $2,800 to married couples earning $100,000 or less. Below are more details on the latest plan, which has not been publicly released yet and could still change.
Read more: https://www.msn.com/en-us/news/politics/here-s-the-new-democratic-plan-for-1-400-stimulus-checks/ar-BB1dmLI5
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Proud liberal 80
(4,392 posts)Yes, lets water down the bill to get zero or at the most 3 Republican votes.
mountain grammy
(29,035 posts)compromise after compromise and nothing from Grassley. Finally, Obama asked Grassley if he would vote for it if he got everything he wanted. Grassley said..no.
PatSeg
(53,214 posts)They left something in the bill to negotiate on, but I'm sure they have no problem compromising on that issue. People who are earning over $100,000 a year probably are not hurting for $1400.00. Then Democrats can say they were being bipartisan. I think Biden is going to use their own games against them this time. Nice payback for all the crap republicans pulled during the Obama years.
karynnj
(60,968 posts)having lost a job (or 2) in spring 2020? (I do not know anyone like this, but the job numbers suggest they might exist)
One question is whether the package will be written so the income used to get checks out quickly is 2019, but if 2020 income qualifies and 2019 doesn't - could 2020 income be used when those taxes are submitted.
If you change the earning to $101,000 in 2020, they will have suffered a financial loss, but they very likely do not need $1400.
wryter2000
(47,940 posts)If people haven't filed for 2020 yet, and most haven't, they would be basing it on 2019 income. Most people lost jobs in 2020, not in 2019.
hamsterjill
(17,577 posts)This. Exactly.
If its a stimulus, let it go to everyone, who will then in turn, spend it and stimulate the economy.
quakerboy
(14,868 posts)The R's really dont care what "deal" they get. Biden could drop his plan, adopt theirs, and they would just drop theirs and propose a new one for 1/3 the amount and withhold their votes regardless.
And then go complain to the compliant media that Biden is a socialist who just wouldn't work with them.
PatSeg
(53,214 posts)I'm thinking Biden just wants the public appearance of having compromised when he really isn't giving them much of anything. There will be no Lucy with the football this time, there's a new sheriff in town and he knows how the game is played.
left-of-center2012
(34,195 posts)Not sure that a couple making $100,000 needs that $2,800
Let's get that money out to those who need to buy food and avoid evictions.
Let's extend the unemployment insurance.
Let's get the money out to the states to help with the vaccinations.
Let's help the neediest of those in need.
And let's do it now.
Just_Vote_Dem
(3,645 posts)He retired the middle of last year, and now his income is way less, but they're going to go by his income when he was working, and he could really use it now
dixiechiken1
(2,113 posts)And the 1st half of 2020. They do this, no help for us. *sigh*
AllyCat
(18,845 posts)Our family didn't lose employment and we are doing okay. We don't need it. But look at all the folks that lost jobs in 2020 because of this TrumpPlague. Or their circumstances just changes because they retired, or changed jobs. The threshold needs to be higher to capture some of these folks. Maybe encourage those who don't need it to donate, or find some other way to pass on the money to those who are struggling. Or find some way to allow for new circumstances like your relative. That would be the best way, but probably slower.
quakerboy
(14,868 posts)Plenty of folks that did pretty well in 2019 are not doing so well in 2021.
But... from what I have seen and heard, there is a significant amount of philanthropy being generated from the 1200 and 600 checks that went out to people who are getting by.
This approach lets the first group fall through the cracks, and then prevents the second group from having the extra resources to try and catch them and others.
All for the illusion of republican votes which will be withheld regardless.
bucolic_frolic
(55,143 posts)The means testing on all this Stim has been none too rigorous. Corporations got no-payback loans, what are we reading this morning, the Catholic Church, with $10 billion in the bank, got $1.5 billion?
Households making $75 or $100k should not be in bad financial shape. They should have a rainy day fund, a 401K, IRAs. Plus they're either still working or getting extra unemployment benefits. Some of them must have made out pretty good.
But I think what's going on here is the GQP is trying to separate upper middle class households from the Democratic Party. 'Look at all that stim that went to lazy poor people! And YOU paid for it with higher taxes!' So Dems might want to not soften up too much on Stim eligibility. Tapering stim in later months for higher income levels as the economy recovers might seem a good idea.
gab13by13
(32,324 posts)families can tap into their 401k's and then can use the stimulus money to pay the taxes for early withdrawal.
Proud liberal 80
(4,392 posts)People making $75,000 or married couples making $150,000 may not need it....but they are the type of suburban voter who may have voted for Democrats (some may have thinking they would get stimulus checks)...but now Democrats are drawing an economic line in the sand where the Republicans will definitely exploit...
AirmensMom
(15,107 posts)Theyll remember that they were eligible under the previous administration. I think is a big mistake politically.
GatorDem82
(37 posts)Lifelong Dem and donor, if they nix payments they can f*ck off from here on out....
Demsrule86
(71,542 posts)only under Biden. They won't vote for it anyway. We could in 22 because of this and why do we feel the need to pacify Congressional Republicans. This will not stimulate the economy as much as keeping the status quo would...very very bad idea. Call you congresspeople ...in this case Democrats and tell them NO.
RobinA
(10,478 posts)I will not be eligible under this new system and it won't have any effect on my future voting, but if I looked at things differently I could easily say, "Well, I got money under Republican Trump, but not under Democratic Biden. Hummmm..."
Anyway, I thought the point of all this was to get money into the economy.
SKKY
(12,801 posts)...over the threshold. We could certainly use the extra $2,800 bucks. But our family won't go hungry, nor have our lights/water turned off if we don't get it. We'll be fine. But our kids go to school with other kids from families that this absolutely would make a huge, huge difference. They need it more than we do. They should get it.
JustABozoOnThisBus
(24,681 posts)It will be sliding scale, to the upper-limit threshold. I don't know if all the details are known yet. It won't drop to zero when a couple's income hits 100,001.
Hopefully, if your 2020 income is less than 2019, you'll be able to pick up some more when the 2020 taxes are filed.
Demsrule86
(71,542 posts)SKKY
(12,801 posts)...to convey the "why". If you're making 100K in the suburbs, unless you have some horrible medical bills, you're not hurting. It would be difficult to convince me otherwise.
Demsrule86
(71,542 posts)that...bad enough that it is based on last years income when many who are not employed now were employed and too many will be left out and there will be resentment. It is a midterm if we lose the burbs we are toast.
BumRushDaShow
(169,761 posts)may be those who have themselves or who had immediate family members (spouse, children) who contracted COVID-19, ended up in the hospital (particularly for an extended time), and although "survived", are now looking at hundreds of thousands (or even millions) in medical bills.
Am not sure how someone in that position who may have had to shift to Medicaid, would be accounted for if eligibility was based on a 2019 income tax return.
It really is a mess.
Bluethroughu
(7,215 posts)My daughter is in college, we pay for her. She worked part time for some extra money, lost that job because of the pandemic.
We pay the bills, live on strict budget, donate almost every week, but after the trump tax law we pay more, which cut into our money, and we live in a state with high property taxes. I'm grateful we are not where many others are, but why do WORKERS have to lose everything they worked for in their lives, in order to get the pitenace, yet business owners get PPP loans, while their companies are still making money on top of that. They have so many write offs against income, that they barely show a profit, yet live large. I have a problem with this, because workers always get screwed.
Leave the stimulus factors alone!
George II
(67,782 posts)Turin_C3PO
(16,385 posts)Like Ive said in other posts, its better that some get it that dont need it than vice-versa. Thats what Ive told wing nuts when arguing about disability checks or food aid. No one should fall through the cracks.
wryter2000
(47,940 posts)How much would this save the government? It isn't worth it, especially because it won't win a single Republican vote.
Claire Oh Nette
(2,636 posts)for everyone.
Will my husband and I survive without the $2800? Yes.
Is everything more expensive across the board? Yes.
Will some of that sit idle in our bank account? Yes. But not for long.
For a year of this pandemic, Americans will have received...$3200.
That's shameful.
So what if a person earning $75,000 gets some back? It comes down to an arbitrary cut off. I'd rather we send $1,000 a month until the pandemic is over, but if $1400 for those earning under $75,000 is what we finally get, for now. so be it.
The tax breaks to those who didn't need it are rarely discussed....
NCjack
(10,297 posts)DeminPennswoods
(17,506 posts)you consider actual after tax net pay and the local cost of living. That's about 4k a month, but figure 10% for OAISD/Medicare right off the top, then state and local taxes, UE tax and it might be closer to 15% or more deducted. Once you pay rent/home maintenance, buy food, pay basic utilities, transportation (fuel or mass transit) and make whatever monthly debt payments (credit card, loans, etc), there's not a lot left over. While living within my means is second nature, that's not the case for the vast majority of Americans.
Bluethroughu
(7,215 posts)RobinA
(10,478 posts)not much here in the Philadelphia 'burbs. You make 50k where I live and you have one or two second jobs just to afford housing or live in a dump.
DeminPennswoods
(17,506 posts)Teachers start at around 40k and more with a masters degree in the district where I graduated. This district is one of the poorest in my county - ti qualifies for universal free breakfast and lunch for every student. In a two-teacher income family, it's easy for the combined income to be over 100k.
gab13by13
(32,324 posts)gave 2 trillion dollars , PERMANENTLY, to millionaires. The tax cuts to the working class expire but the tax cuts for millionaires never expire but every year add billions to the deficit and here we are arguing over a one time chicken feed stimulus. The right wing media propaganda works quite well. Those fucking millionaires and corporations didn't need any tax breaks, the freaking economy was booming, now the economy is cratered. So what if someone making 100k gets some money they will spend it and stimulate the economy.
Tree-Hugger
(3,379 posts)He makes a smidge over $50,000. He's retired and struggling. His car is quite literally falling apart and is in a heap of disrepair, and he cant afford the repairs (thousands of dollar on a 10+ year old car) or buy new. He's been trying to help us since we're both unemployed. And getting the vaccine seems like an almost hopeless venture (Pennsylvania - the vaccine program is a goddamn joke).
All of this is because the GOP is the army of satan.
gab13by13
(32,324 posts)I registered on line and never heard back so I called. I guess their web site crashed since they had 12,000 people register for 2,000 doses of vaccine. Good thing I called because I had to register again. I am taking it in stride since the new vaccines do better with the new variants. Wife and I will continue to wear masks and social distance and wash our hands. Sometimes good things happen to those who wait.
Did they ever find the 20 million missing doses of vaccine? Did anyone think to ask Jared?
Oh, and the argument over giving money to people making 100k, I don't make that but I am frugal, so when I got my last stimulus check we gave it to charity. It is the millionaires who hoard their money not people making 100k, that argument is never made.
BusyBeingBest
(9,173 posts)get the vaccine when it was 75 and over, their doctors are useless in helping them find it, and then the public health numbnuts in charge open up eligibility to people 65 and up, so now my parents have even more competition. They aren't internet-savvy, they still drive but aren't up to driving very far, and they aren't getting any guidance whatsoever--they're on their own. My brother is now trying to help them get appointments somewhere. Very disappointed.
RobinA
(10,478 posts)up at the Montgomery County website at least a month ago when they just started to get ready for people over 75. She's 91, no significant health issues. Haven't heard back yet. How many people could be ahead of her? Luckily, I was able to get her a first dose somewhere else and she is set up for her second dose in two weeks. Fingers crossed they have some at that time.
From what I've heard from my own doctor. They know as little as we do. There's a lot of protocol that goes along with being a vaccination site, which I think is why your usual doctor isn't giving COVID shots.
BusyBeingBest
(9,173 posts)understand why a state that has a massive elderly population like PA wasn't more prepared.
gab13by13
(32,324 posts)65 and older. I am 73 and I just assumed they had gotten through the older people. I am Ok with waiting as long as I am recognized to being in line, which isn't a given. I believe a lot of people were allowed to jump line.
BusyBeingBest
(9,173 posts)how many people in each phase or age group are "in line" to be vaccinated, and there's NO outreach, lots of people falling through the cracks.
Claire Oh Nette
(2,636 posts)he'd get $1400 - 5% of whatever he makes over $50K.
dsc
(53,397 posts)If you think of 50k for a single person, in most red states, and in the vast majority of red areas regardless of state, that is a decent salary for a single person. But in most blue states, and in the vast majority of blue areas regardless of state, 50k for a single person is a far less substantial salary. Thus this will be sending money from our voters to GOP voters, that is frankly stupid.
stopbush
(24,808 posts)You know the saying: its not what you make, its what you keep.
A person making $50,000 a year in WV is going to do as well or better than a person making $80k a year living in San Francisco. Yet one gets the $1400 while the other one doesnt.
(BTW - a person living in Morgantown, WV earning $50k a year would need to earn $157k a year living in San Francisco to enjoy the same CoL).
liskddksil
(2,753 posts)as prior two stimulus checks. We could potentially be screwing us out of power in 2022 and 2024 if people who make $50,000-$75,000 (which is not a lot in high cost areas) got checks 1st two times don't get a check this time.
Capitol Switchboard: (202) 224-3121.
Proud liberal 80
(4,392 posts)Angering voters and screwing our selves in 2022.
MacKasey
(1,519 posts)Democrats compaigned on the $2,000!
Don't start watering in down. The economy will need it to get thru to the fall!
usaf-vet
(7,811 posts).... it's the repugs that want to cut back on the money to help those in need.
NOT gifts to their rich donors who are then expected to make a large donation back to the party so the cycle can start over again.
usaf-vet
(7,811 posts)...... and are struggling to get ahead. Many will never be able to afford to buy their own homes. When you have a college degree and NO ONE is hiring BUT the loans are still there....... how do you get ahead.
Why is there always money for corporations, defense, billionaires and 1.2 billion went to the Catholic Church that has 10 Billion in the bank and ar tax-exempt? How many of THEIR parishioners are struggling to care for their family's needs?
ananda
(35,150 posts)I have family members I was going to give
my check to, and they really need it.
obamanut2012
(29,369 posts)Especially those of us helping family members who ahve lost their jobs or had hours cut.
50K is nothing when you live someplace with insane rent.
I am beyond angry at the DEms, including Biden, for this.
Turin_C3PO
(16,385 posts)We need to keep on the pressure to stick to the original plan.
obamanut2012
(29,369 posts)No use calling Rubio or Scott.
They need to at least start tapering at 50K through 80K, at the minimum.
AllaN01Bear
(29,498 posts)h.s deploma. aint worth diddly now .
Jay25
(437 posts)Due to covid there have been changes in many households (mine included), so it is difficult to tell who needs help and who doesnt. Even those not financially impacted by covid and make more than the above amounts, may still have need for the stimulus funding, and if not, its still ok.
They need to stick with what they initially stated (theyve already dropped to $1,400.00) when elected. These negotiations are just going to cause a rift between the people that put Democrats in office, and help republicans slam Dems as liars with broken promises. Hopefully Dems do what they promised.
Why is it that when it comes to legislation and assistance for regular people, Congress always has a difficult time and theres always changes, excuses and concessions.
gab13by13
(32,324 posts)for who gets the stimulus is meant for 2 people, Manchin and Sinema, and here we are falling into the same propaganda trap.
Screw changing anything, pass the bill as is.
Anyone remember Obamacare? Remember how Republicans were allowed like 800 amendments to it? Remember how those amendments watered down Obamacare? Now, remember how many Republicans voted for Obamacare? I remember.
Jay25
(437 posts)Many discussions with my spouse.
Zipgun
(231 posts)bipartisan is only necessary when the democrats try to get something passed. Didn't even let the party fight, just surrendered immediately. So glad we have to depend on people like him to get a few measly things passed. And he will make sure they are as measly as possible. If he was really interested in bipartisan he would fight to pass some things with out the GOP, like they did. Once they know they can be left out, then some would be willing to compromise, but now they know Manchin has their back, not the democrats. No need to compromise, just demand democrats surrender, Joe will do it in a heartbeat.
Traildogbob
(13,018 posts)Just give stimulus checks to democrats, not republicans that hate the thought of tax payers getting tax payer money. Dont give a dime to elected assholes that are against it, or anyone in their extended family. There, or problem solved. We save millions, we compromise and we unify. Their conscience stays in tact.
gab13by13
(32,324 posts)the stimulus is going to get cut, you can bank on that. Cable news is already pushing right wing talking points. Once again Republicans succeed in watering down a deserving bill. So what will Republicans want to cut next? Dems better hurry up and pass this thing.
iluvtennis
(21,497 posts)Basing on 2019 doesn't make sense.
And how about pushing the income level up to 100,000 for individuals and 200,000 for couples. Lots of people between 50K and 100K are suffering also because of price increases.
Response to DonViejo (Original post)
Post removed
Steve C
(27 posts)Its only fair, after all the republicans limited tax cuts for billionaires so serfs like us should have a limit, right.
yaesu
(9,328 posts)they want to protect their wealth & their wealthy donors from taxes, they could care less about the people. Also, this will make the process take longer as everyone will need to be means verified. Dems will lose votes over this.
Tommymac
(7,334 posts)We don't need the $$ that badly. But we give our $ to our younger nieces and nephews who ARE struggling mightily due to Covid here in Pennsylvania.
The US has given peanuts to working class and middle class folks in the last 2 stimulus packages compared to what the 1% have siphoned off the top.
For those of us who work in Blue Urban areas - this is a slap in the face. Our cost of living is many times the amount of those who live in rural Red areas.
The Democratic Party is at risk of alienating a lot of potential supporters in 2022 if this goes down that way.
End the Trump Tax cuts for the Rich first - then talk about cutting stimulus for the little guy.
As usual, just like the last 50 years, We are going to get screwed.
On Edit: I have contacted the White House with this very post, and also my representative Connor Lamb via phone. Will send to my Senators next.
jdgrateful
(1 post)....long time lurker/reader (I read du multiple times a day) but have never posted. This has inclined me to post. If they go through with this, it will be a disaster. I can't believe Dem leadership would be so stupid as there is no reason/need to do this (thanks to GA). I am in suburban Atlanta, in an area that most recently turned blue. It's white collar, well educated and upper middle class more or less. This plan would ice out most folks around here for the stimulus, including myself. We live a good life, but in no way are on easy street or are rich per se....We are a 2 person income with 3 kids, making approx 150k most years. Life is expensive....we need to watch our budget....no question. A good part of last year my wife (flight attendant) needed to drop her trips due to concern for our daughter who has asthma. She is back at work now but our income was down about 15k in 2020....that's nothing to sneeze at. We would use this money to more comfortably spend more with local business, stimulating the economy. I can see the right wing ads now if this comes to pass "Biden lied"....."Trump gave me two checks, but Biden said he would give me one but went back on his promise." We will get slaughtered here in the burbs in 2022 and 2024 if this comes to pass. This is extremely frustrating....I am hopeful all of the pushback does some good and/or this was just a gesture to float this out there and they will ultimately go with the original plan. Let's hope.
dawg
(10,777 posts)And for what? A rounding error on the national debt?
James48
(5,215 posts)My wife and my 2019 income was $134K.
But
I retired in August- after earning just 75K in 2020.
If I file my 2020 taxes right now, today, will that be enough time for the IRS to figure out I should get a check?
KatyMan
(4,340 posts)until Feb 12?
James48
(5,215 posts)but I can upload all the data into my tax program before then and have it ready to go .
I
'll do that.
morty420
(6 posts)This is literally just giving in to Republicans. We should NEVER give into them because it's always in bad faith. My husband and I may well get left out of this round...how is that fair?
KatyMan
(4,340 posts)Nobody wants to means test tax breaks. Nobody cares about the budget considerations for tax breaks. But toss a few shekels to the poor, then there's an issue.
It would be a bad, bad move to do this. I'm all in with Joe, but if he caves on this it would cause a serious loss of faith in the administration and Dems in general.
A couple making $150k is not rich, likely doesn't have too much in savings, and robbing your 401 to pay for this has big implications at tax time and at your retirement.
Lets roll back the Trump tax breaks and then start from there.
SamsDrink
(50 posts)Rachel Maddow did a great piece earlier this week summarizing the attempts by the Obama Administration to negotiate on the ACA, budget, and the 2009 stimulus package. The Republicans watered down each legislation with their demands, and still voted no...UNANIMOUSLY. Nothing has changed in 2021 with them, so why try to appease. Moderate Democrats and economists can pound sand. Keep the income thresholds as is, whats the harm if a couple get an extra $2800 if they dont need it. We dont NEED the money, but our son does. We will pass the extra money along to him. It will get put back into the economy, and give him some breathing room until he can get back on his feet.
BainsBane
(57,757 posts)I didn't see that in the article.
Mr.Bill
(24,906 posts)set the $1,400 dollars on fire? No, they are going to spend it and put the money into the economy. My income has not changed since the pandemic happened. I spent some of the last stimulus money at a local home improvement store and rebuilt my front porch. I hired a neighbor who was laid off to help me do the job. This home improvement center has been busier that they ever have been and have hired more help. I also used some of the money to help some family members. Stimulus money is not a gift. It is a contribution to the economy, which is needed.
Paper Roses
(7,632 posts)There are many of us whose income exists of a monthly check. Everything costs so much more. We worked all our lives and paid into the system. There seems to be no discussion I can find that addresses this.
As a widow, I am trying to stay in my house because rents are so high in my area. The check barely covers utilities, food and necessities. I set aside funds each month to help with R.E. taxes.
Its is driving me crazy!
If I had twice my SS check each month, I would consider myself lucky at this stage. Just me and the cat now. Boy have I learned to cut down on everything.
To those who earn a lot and are now complaining, my sympathy. Better save your money. Maybe you'll be in the same position some day. I hope not.
mackdaddy
(1,976 posts)It will not save a lot of $.
It will cause a lot of extra work and confusion in figuring out who to strip out.
It will cause many to fall through the crack.
Is will cause artificial divisions that the GQP will exploit.
Do not do this.
Here is a source for the numbers.
https://www.quora.com/What-percentage-of-Americans-make-more-than-100-000-a-year?share=1
Bayard
(29,698 posts)We both retired in October. Social Security only, with a little inheritance from Mr. Bayard's parents both passing last year.
Much, much less than we made last year. We need the $2,800.