By Dana Sanchez
President Joe Biden has agreed to curtail stimulus payments in a Senate compromise with moderate Democrats that will result in 12 million fewer adults and five million fewer children receiving the pandemic relief.
Under the changes agreed to by Biden and Senate Democratic leadership, individuals earning $75,000 annually and couples earning $150,000 would still receive the full $1,400-per-person benefit. However, the benefit would no longer apply to individuals earning more than $80,000 a year and couples earning more than $160,000.
That means singles earning $80,000-to-$100,000 and couples earning $160,000-to-$200,000 are now excluded from a partial benefit under the revised structure.
The change came as Biden and Senate Democratic leaders scrambled to keep their caucus united. They cannot lose a single Democrat in the 50-50 Senate if Republicans unite against the legislation, Washington Post reported.
Around 12 million fewer adults and 5 million fewer Click here to read entire article