Sponsored
Cindy Shivers
on March 7, 2021
103 views
The legislation, dubbed the American Rescue Plan, underwent some changes — both big and small — and as such, will need to be voted on again by the House before it can be sent to the president for signature. Among the bigger changes, reports The New York Times, the Senate version has removed the $15 per hour federal minimum wage provision, made the stimulus checks phase-out faster, and reduced the unemployment insurance booster checks from $400 per week to $300 per week. ($10,200 in unemployment benefits is now also tax deductible.)
Under the new direct checks rules, individuals earning less than $75,000 per year will receive a $1,400 direct check, as will couples earning less than $150,000 per year. But under the expedited phase-out rules, individuals earning more than $80,000 will no longer qualify for partial checks, and neither will couples earning more than $160,000.
USA Today reports that two infrastructure provisions, one for a subway project in the Bay area of Northern California and another for a bridge in New York, were also removed from the Senate bill. The new bill also stops aide money that is provided to state and local governments from getting used for pensions, to fund tax cuts, or to fund new costs beyond 2024.
https://www.dailywire.com/news/here-are-some-of-the-big-changes-in-the-senate-passed-stimulus-bill
Dimension: 1042 x 701
File Size: 913.37 Kb
Be the first person to like this.