Third stimulus check proposal: $1,400 payment, with new qualifications. What we know

Jessica Dolcourt  4 hrs ago

text: The latest proposal for a third stimulus check would change the rules, from the maximum payment to who qualifies. Sarah Tew/CNET© Provided by CNET The latest proposal for a third stimulus check would change the rules, from the maximum payment to who qualifies. Sarah Tew/CNET

“We will finish the job of getting $2,000 in cash relief to people who need it most,” Biden said Thursday in a press conference. “Even for people who have kept their jobs, getting this check is really important.” He noted that workers who worry about job security or getting sick would gain peace of mind, and could also immediately spend the money on food and rent. “$2,000 is going to go a long way to ease that pain,” he said.

But a “$2,000” stimulus check wouldn’t be for $2,000, assuming the plan passes as is. Instead, Biden’s proposal (PDF) stipulates a payment of up to $1,400 per eligible adult, a figure that would “raise” the $600 second stimulus check maximum to $2,000 if you add the two payments together. Biden’s $1.9 trillion stimulus package also includes a $400 weekly unemployment bonus.

READ MORE HERE: Third stimulus check proposal: $1,400 payment, with new qualifications. What we know (msn.com)

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