Watch CBS News

Fewer People May Get $1,400 Stimulus As President Biden Open To Focusing On Those With Lower Incomes

DALLAS (CBSDFW.COM) – While fewer people may qualify for a federal stimulus check this time, lower income Americans could see a bigger payment than previous two stimulus checks.

This week, President Joe Biden met with a group of Senate Republicans to discuss the latest pandemic relief package.

Biden has promised the package would include a third direct payment to most Americans but he may be willing to compromise on who gets a check.

Biden's plan calls for a stimulus check of $1,400 per adult, along with $1,400 per child.

The Republican plan calls for a $1,000 check per adult with an extra $500 per child.

Stimulus plans graphic

But the contrast between the proposals doesn't end there.

Biden's plan calls for anyone with an income of $75,000 or under to receive the full payment amount.

Here's what Biden's plan would look like for a single person.

Biden plan - single

Here's what Biden's plan would look like for a married couple with two children.

Biden plan - married

Meanwhile, Republicans want a more targeted approached - lowering the income qualification threshold for a full payment to $40,000 along with a faster phase-out.

Here's what the Republican's plan would look like for a single person.

GOP plan single

Here's what the Republican's plan would look like for a married couple with two children.

GOP plan - married

"I think this is going to be a real interesting test of bipartisanship," said Erica York, an economist with the non-profit organization, Tax Foundation.

While Biden will likely not budge on the $1,400 check amount, he appears to be open to narrowing the number of Americans who will get a check.

Lowering the income qualification threshold for a full payment from $75,000 down to $50,000 could be on the table, according to the Washington Post.

"There seems to be bipartisan agreement that more should be done, so now it's more of a question of how much lawmakers want to spend and who they want to target relief towards," York said.

With pressure to get a deal done before current relief measures expire, York said she expect a relief package to be approved by the end of the month with stimulus checks going out by early March.

MORE FROM CBSDFW

 

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.