Senate Democrats limit eligibility for stimulus checks in $1.9 trillion COVID bill – CBS News

Washington — President Biden and moderate Senate Democrats have struck a deal to limit eligibility for direct stimulus checks to Americans, lowering the income level for those who would qualify for payments, according to a Democratic source. The Senate is set to take up Mr. Biden’s $1.9 trillion coronavirus relief bill as early as Wednesday. Since the bill is not expected to attract any Republican votes, all Democrats will need to support the bill in order for it to pass, giving moderate Democrats leverage to make demands of the president and Senate leadership.

Under the agreement, the $1,400 direct payments to taxpayers will begin to phase out at $75,000 for individuals, with no one making more than $80,000 eligible for payments. For couples who file jointly, the phase-out will begin for those making $150,000 and end at $160,000.

Source: Senate Democrats limit eligibility for stimulus checks in $1.9 trillion COVID bill – CBS News