President biden
Joe BidenDOJ rejects lawsuit against author of Melania Trump’s revealing book. Google expands electoral security assistance for federal and state campaigns. He said on Tuesday that he agreed with a proposal by House Democrats to begin phasing out the next round of direct coronavirus aid payments to Americans earning more than $ 75,000, a key point among some in the party.
Biden signaled his support for the threshold during a meeting with the heads of several large companies in the Oval Office. He invited business leaders to apply for membership in his $ 1.9 trillion aid proposal, as well as to discuss future economic measures, such as an infrastructure package and an increase in the minimum wage.
“I am looking forward to hearing what these business leaders have to say about what they think about how we are addressing this issue and to see if we can find common ground,” said Biden.
Among those present at Tuesday’s meeting were JPMorgan Chase CEO Jamie Dimon, U.S. Chamber of Commerce CEO Tom Donohue, Walmart CEO Doug McMillon and Gap Inc. CEO Sonia Syngal.
Biden was accompanied in the Oval Office by Vice President Harris and Secretary of the Treasury Janet Yellen
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The meeting comes at a time when the White House and Democrats in Congress are working to approve Biden’s economic aid package, which would send direct payments to millions of Americans, provide funds for schools and state and local governments, and increase money. for vaccine distribution.
House Democrats released key parts of their coronavirus relief bill on Monday night. The proposal called for direct payments of $ 1,400 to single contributors with an annual income of up to $ 75,000 and couples earning up to $ 150,000.
Payments would be quickly eliminated above these income limits, and single registrars with an income above $ 100,000 and couples with an income above $ 200,000 would not be eligible for any payments.
Where cutting direct payments has been a point of contention among some moderate Democrats, who fear that stimulus checks are not being targeted enough and suggest that payments should be eliminated earlier.
But progressives argued that income requirements should not be restricted so that people who lost substantial amounts of income during the pandemic could quickly receive their payments.