Biden: The President’s plan calls for sending another $1,400 per person to eligible recipients. This money would be in addition to the $600 payments that were approved by Congress in December — for a total of $2,000.
Individuals earning less than $75,000 a year will receive the full $600. Married couples filing jointly earning less than $150,000 are also due the full amount of $1,200.
The payments will phase out entirely at $87,000 for single filers without children and $174,000 for those married filing jointly without children, according to an analysis by the Tax Foundation.
The new payments would go to adult dependents that were left out of the earlier rounds, like some children over the age of 17. It would also include households with mixed immigration status, after the first round of $1,200 checks left out the spouses of undocumented immigrants who do not have Social Security numbers.
GOP: The Republican senators want to send $1,000 checks, per adult, but target them to those with lower incomes. The amount would begin phasing out at $40,000 for individuals and $80,000 for couples filing jointly. The upper cap would be $50,000 for individuals and $100,000 for couples. Dependent adults and children would receive $500.