Monday, March 23, 2020

Republican Stimulus Plan Gives Less Money to Poor Households

https://www.msn.com/en-us/news/opinion/republican-stimulus-plan-gives-less-money-to-poor-households/ar-BB11tbkK?ocid=sf2

Jonathan Chait
Mar. 20, 2020

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Republicans not only phased out the payments at the top, they phased them in at the bottom. The poorest families, who have no taxable income, would only get $600. The maximum $1,200 benefit wouldn’t kick in until an individual hits $23,500 or a married couple’s income reaches about $47,000. Roughly 64 million of the poorest households would fail to get the full benefit, according to Kyle Pomerleau of the American Enterprise Institute.

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Fortunately, Republicans need half a dozen Democratic votes to pass anything through the Senate. There is absolutely no reason for Democrats to let this outrage pass the upper chamber.

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