Third Covid-19 Checks Will go to…

Democrats finally unveiled the details of the third Covid-19 relief package on Monday night. For Americans that are considered dependents including college students and disabled adults, they will be eligible for $1,400 stimulus payments. The previous rounds of stimulus checks were limited to child dependents only.

The new relief package is set up to pay up to $1,400 to individual Americans making $75,000 and couples earning less than $150,000 in adjusted gross income, and there will be a phase out for those with higher adjusted gross income; individuals making $100,000 or more ($200,000 or more for those married filing jointly) will not be eligible. However, AGI used to calculate stimulus payments can be from 2019 or 2020 tax year.

As of Monday, Democrats are not planning to limit the number of Americans eligible for stimulus payments in the third relief package, which is a change from discussions earlier in the month. Republicans wanted to send $1,000 checks to individuals earning up to $40,000 per year ($80,000 for couples), and the Democrats wanted to send $1,400 to individuals earning less than $50,00 and couples making less than $100,000.

Progressives such as Bernie Sanders and Alexandria Ocasio-Cortez have been fighting to get rid of the limits both sides of Congress wanted to impose.

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