But payments would be eliminated more quickly than previous rounds and would completely cut individuals who earn more than $ 100,000 and couples who earn more than $ 200,000, according to the text of the bill, which the Forms and Resources Committee of the House should debate on Wednesday.
According to the plan presented on Monday by President Richard Neal, a Massachusetts Democrat, the total payment would go to individuals who earn less than $ 75,000 a year and couples who earn less than $ 150,000 – as previous stimulus checks . Joint filers would receive $ 2,800 plus another $ 1,400 per dependent.
The GOP plan provided for payments under $ 1,000 for individuals who earn less than $ 40,000 a year and couples who earn less than $ 80,000. Payments would be eliminated more quickly, eliminating individuals who earn more than $ 50,000 and couples who earn more than $ 100,000.
But for the Senate to approve the bill, Democrats are likely to need the vote of Senator Joe Manchin, a leading moderate Democrat from West Virginia. He also suggested that a new round of stimulus payments should be more targeted than previous rounds.
There is a long way to go before the final text of the account is approved and the revenue limits may change. Lawmakers hope to pass the legislation by March 14.