The plan would phase out the $1,400 payments faster for higher-income individuals after moderate Senate Democrats pushed for more âtargetedâ spending. The change comes as the Senate prepares to move forward with an initial procedural vote on President Bidenâs $1.9 trillion relief bill.
I fear that if Joe Biden and Senate Democrats don’t seize the moment to deliver systemic economic and democratic reforms, demagogues will come surging back to power.
It could be our last chance to save America from authoritarianism.
— Robert Reich (@RBReich) March 2, 2021
NEW: Biden-Senate compromise on curtailing stimulus payments results in ~12 million fewer adults & ~5 million fewer children receiving benefit, per @iteptweets analysis
~280 million overall still eligible for payments, ITEP sayshttps://t.co/6ny4x93GQn
— Jeff Stein (@JStein_WaPo) March 3, 2021