US. Sen Susan Collins, of Maine, part of a group of Senate Republicans who met with President Joe Biden and asked him to cut his $ 1.9 trillion coronavirus stimulus bills Tuesday, said families living as young as 200Earning $ 000, Should Not Receive Checks This Next Payment Round

Collins said she supported making eligible payments at 1400 USD, for couples at 2800 USD and for dependents at 1$ 400 on hold but wanted it to end sooner than the laws going through the house this week

With the House Legislation, payments for people aged between 75000 and 100$ 1,000, and for couples between $ 150000 and 200Earning US $ 000 Phased Out The caps were added in response to complaints from legislators that the proposed formula would allow large families to join 300000 or 400Earning 000 US dollars would have made it possible to reach a certain federal size

“I think I should be happy that out of 300It’s down $ 000, but it still seems too high to me, “Collins said, according to pool reports

But an income of 200$ 000 won’t make you rich in New Jersey with its high cost of living, Democratic U saidS. Sen Robert Menendez

“The reality is that what is considered big in some parts of the country is middle class at best in high-cost states like New Jersey,” Menendez told NJ Advance Media. “A lot of families in my state have trouble getting a roof over Keep your head on your head or put food on the table The stimulus checks worth 1400 USD would be a huge boost ”

The Progressive Caucus Chairman of Congress, Rep. Pamila Jayapal, D-Washat also endorsed the thresholds for the stimulus testing

Took advantage of a White House meeting with key black workers – a firefighter / paramedic, a pharmacist, a childcare worker, and a grocery manager – to create a new pitch for these controls, saying this would give them “some breathing space.” Give breathing ”

“A lot of you out there are just struggling to make ends meet even if you have a job, but we’re going to make sure you get that extra check for $ 1 during the pandemic that both parties have supportedReceived $ 400″Biden said” We just have to do it now “

Collins said Republicans, who first proposed a $ 618 billion stimulus plan, were willing to deviate from their original price tag, but President Joe Biden wasn’t ready to get off his price tag in their proposal that included checks over 1$ 000 and lower thresholds, which the President also rejected

“The government has not shown willingness to come down from what is now $ 19 trillion and that’s a huge obstacle,” said Collins. “Now let’s see if there are any changes we could make, but I’d be surprised If there was support in the Republican caucus when the bill comes out at $ 1.9 trillion, even if we can make some beneficial changes ”

Democrats don’t need Republican votes to pass the bill as they scrutinize the legislation through a process known as reconciliation that prevents a filibuster and allows majority voting

For example, a GOP congress passed the 2017 tax bill, which, like the stimulus plan, would increase the federal deficit by USD 1.9 trillion over 10 years, according to the Congressional Budget Office, every Senate Republican voted yes at the time

It also means Senate Democrats can’t afford to overflow if they can’t find Republican support, but Majority Leader Chuck Schumer, D-NY can, said Tuesday he expects the bill to pass his chamber and be up and running by Jan. March, the date on which the currently extended unemployment insurance benefits will expire, will be incorporated into the law

“We have to get this bill passed,” Schumer said at a press conference on Tuesday. “The American people, the American public, are calling for it Everyone will have things they want to see on the bill, and we’re going to work hard to get them.” see if we can include these things in the bill, but job # 1 is to pass the bill. Pass the bill we have to and I am confident we will. ”

Jerome Powell, chairman of the US Federal Reserve, provided another argument for the legislation when he said Tuesday he was not concerned about over-spending during the pandemic

“The economic recovery remains patchy and far from over, and the way forward is highly uncertain,” Powell told the Senate Banking Committee

Legislative Changes Could Still Come At least two Democratic Senators, Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, opposed Biden’s proposal to raise the federal minimum wage to $ 15 an hour, New Jersey is on the best Way to hit a minimum wage of $ 15 an hour by 2024

US. Sen Angus King, I-Maine, expressed concern that state officials could use some of the proposed $ 350 billion federal aid to finance tax cuts instead of helping governments offset lost revenue during the coronavirus-induced economic downturn. p>

“We could give billions to the states and they turn around and cut taxes – there are governors talking about it and this is not the point,” King told the Washington Post. “There should be a ban to voluntarily reduce revenue ”

The Center for Budget and Policy Priorities, an advanced research group, estimated a shortfall of $ 300 billion, excluding the added cost of fighting the coronavirus, such personal protective equipment, testing, and providing emergency relief to businesses and individuals / p>

However, Moody’s Analytics estimated that state and local revenues would only decrease by $ 61 billion through 2022

Note to readers: If you buy something through one of our affiliate links, we may receive a commission

By registering on or using this website, you accept our user agreement, privacy policy and cookie statement, as well as your California privacy rights (updated on 1121)

© 2021 Advance Local Media LLC All rights reserved (About Us) The material on this website may only be reproduced, distributed, transmitted, cached, or otherwise used with the prior written consent of Advance Local

Update on the third stimulus test

World News – USA – Update on the third stimulus test: The Republican Senator wants fewer people 1Give $ 400 Here’s the latest

Source: https://www.nj.com/coronavirus/2021/02/third-stimulus-check-update-republican-senator-wants-to-give-1400-to-fewer-people-heres-the-latest.html