In January, President Joe Biden proposed a $1.9 trillion coronavirus aid package deal known as the American Rescue Plan.

Senator Bernie Sanders (I-Vt.) has expressed on social media his discontent with the plan that may decrease family revenue eligibility for the third spherical of stimulus checks.

The Claim

Sanders took to Twitter on Saturday to publish: “Unbelievable. There are some Dems who want to lower the income eligibility for direct payments from $75,000 to $50,000 for individuals, and $150,000 to $100,000 for couples. In other words, working class people who got checks from Trump would not get them from Biden. Brilliant!”

His tweet garnered large consideration with nearly 300,000 likes and nearly 55,000 retweets.

Unbelievable. There are some Dems who need to decrease the revenue eligibility for direct funds from $75,000 to $50,000 for people, and $150,000 to $100,000 for {couples}. In different phrases, working class individuals who received checks from Trump wouldn’t get them from Biden. Brilliant!

— Bernie Sanders (@BernieSanders) February 7, 2021

The Facts

Under President Donald Trump, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was a $2.2 trillion stimulus invoice signed into regulation final March.

The invoice issued $1,200 stimulus checks to those that certified. Individuals incomes as much as $75,000 and married {couples} incomes as much as $150,000 in complete have been eligible. Eligible married {couples} submitting a joint return obtained $2,400 in complete.

The second spherical of stimulus checks, beneath the CARES Act, was reduce in half to $600 and issued in late December with the identical eligibility tips as the primary spherical. Eligible married {couples} submitting a joint return obtained $1,200 in complete.

“For filers with income above those amounts, the payment amount is reduced,” in keeping with a report from the Internal Revenue Service (IRS).

Last Thursday, “The Senate overwhelmingly approved a proposal led by Sen. Susan Collins (R-Maine) and Joe Manchin (D-W.Va.) barring “upper-income taxpayers” from eligibility for stimulus checks proposed by President Joe Biden,” Politico reported.

To say to a employee in Vermont or California or anyplace else that in case you’re making $52,000 a yr you’re too wealthy to get this assist, the complete profit, I feel that that is absurd.

Senator Bernie Sanders

“The latest proposal Democrats are considering would send $1,400 payments to individuals earning $50,000 or less and $2,800 to married couples earning $100,000 or less,” the Washington Post reported on Monday.

This would cut family revenue eligibility in comparison with the primary two rounds of stimulus checks beneath Trump.

“Depending on how much their income exceeds the threshold, people that received the first round of payments could see a smaller payment or no payment at all,” Erica York, an economist on the Tax Foundation, instructed Newsweek in an electronic mail.

Under the newest plan, about 71 p.c of Americans would obtain the complete advantages versus 85 p.c who would obtain the complete advantages if the eligibility standards remained the identical as the 2 earlier stimulus checks, in keeping with the Washington Post‘s report.

On Sunday, Treasury Secretary Janet Yellen instructed CNN‘s Jake Tapper that Biden is versatile in working with members of Congress to resolve what’s truthful, noting that he wouldn’t desire a family making greater than $300,000 to obtain the third stimulus verify funds.

“The exact details of how it should be targeted are to be determined, but struggling middle class families need help, too,” Yellen mentioned Sunday. She talked about within the interview that 10 million Americans are unemployed whereas one other 4 million have dropped out of the labor drive.

“To say to a worker in Vermont or California or any place else that if you’re making $52,000 a year you are too rich to get this help, the full benefit, I think that that’s absurd,” Sanders mentioned on Sunday in a video he tweeted.

It is absurd that some Democrats assume we must always inform a employee making $52,000 a yr that they’re “too rich” and can’t get the complete $2000 profit we promised. It is not sensible to me, nor do I feel it is smart to the American individuals. pic.twitter.com/aksYr44pI7

— Bernie Sanders (@BernieSanders) February 7, 2021

The U.S. median family revenue for all households in 2019 was reported at $68,703 in 2019, in keeping with the U.S. Census Bureau’s most up-to-date information. The median household revenue was $88,149, whereas the median revenue for nonfamily households is $41,232.

Slightly greater than 53 p.c of U.S. households earned lower than $75,000 in 2019, in keeping with Statista.

This information doesn’t account for 2020 and the mass job loss because of the pandemic.

“One of the challenges of targeting relief is that the IRS doesn’t have real-time data on incomes,” York mentioned.

“Since we are so close to the 2020 tax filing season now, though, that is about to change. The IRS will soon have information on 2020 incomes.”

The Ruling

True.

Biden’s proposed plan for the third spherical of stimulus checks would attain fewer working class individuals than Trump’s earlier stimulus checks, whether it is handed.

President Joe Biden’s proposed plan for the third spherical of stimulus checks would attain fewer working class individuals than Donald Trump’s earlier stimulus checks.
Stefani Reynolds-Pool/Getty