President Joe Biden’s endorsed pandemic aid payments of 1$ 400 is a small step closer to reaching Americans in need

The House Ways and Means Committee voted Thursday night to advance a large portion of Biden’s proposed $ 1 billion pandemic aid package – including the portion that will give most Americans a $ 1 direct payout$ 400 would allow for the latest on the next round of stimulus testing

Many elements of the recent auxiliary law remain in flux as legislators think about income thresholds

The latest version of the bill tabled by the Ways and Means Committee on Thursday calls for a $ 1 refundable tax credit400 USD, which goes to people up to 75Have earned $ 000 and will fully expire when a person’s income level is 100Reached $ 000 For joint applicants, this payment could be up to $ 2$ 800 and between $ 150000 and 200$ 000 expire

The Treasury Department is instructed to issue this credit as a prepayment based on 2019 or 2020 tax returns, and the department is asked to contact non-applicants to advise them on how to apply for their prepayment, so the committee

“For the past two days the Ways and Means Committee has been considering aggressive, science-based solutions that will bring the urgent help our country so desperately needs,” said committee chairman Richard Neal, D-Mass said in a statement Thursday evening, applauding the group for advancing parts of the relief package, “From unemployment benefits to affordable health care, the work we have done is substantial and that is what the American people called us to this moment to deal with “

The advancement of the law through the Ways and Means Committee, however, is just one of many hurdles it has to overcome before it becomes law

Income thresholds were at the center of a heated debate as Republicans pushed for targeted aid for those on lower incomes and Democrats pushed for sweeping relief that would at least benefit working families with the same income thresholds in the previous round of relief reviews

Earlier this week, White House Press Secretary Jen Psaki said the discussions on Sept.$ 400 checks are still ongoing, but President Biden is unlikely to have an income threshold below 60I will support $ 000

“So his view is that a nurse, a teacher, a firefighter who is 60$ 000 earned, even shouldn’t go without support or relief. It’s just a matter of what the scale-up looks like – what it looks like in a final package, but it’s still being negotiated at this point, “said Psaki

When pressed on Vermont Sen Bernie Sander’s assessment that it would be “absurd” to lower the threshold of who the 1To receive $ 400 checks, Psaki declined to reply, but said they would be happy to discuss the matter once a threshold was found

House Speaker Nancy Pelosi, D-Calif, announced an estimated timeline for the status of the Aid Act during her weekly press conference Thursday

“We hope to finish our markups in committee this week and then send them to the Budgets Committee next week so they can work their will on it, then the rules committee, then the floor, and we hope so to do”All of this by the end of February,” said Pelosi

She added that they “want it on the President’s desk in time for the 14th March when some unemployment benefits expire””

When pressed, it doubled in size, repeating that the plan was “to see him off by the end of February so we can send him to the president’s desk before his unemployment benefit expires”

If the bill is passed around Jan. Signed March 1st, most eligible Americans can probably expect to see their checks by the end of March

It took about two weeks to get direct deposits to Americans during the first round of CARES relief last March, although the waiting time for those who didn’t file taxes or chose another option was plenty longer was the relief – like a check in the mail

However, during the second round of pandemic aid, which included $ 600 checks for most Americans and was incorporated into law in late December, many got their payments faster than last spring because most of the infrastructure was already in place and the money out


World news – AU – The latest information on who is when 1Could receive $ 400 payments