NEW: Senate will narrow eligibility for stimulus checks under a deal between moderate Dems and Biden.— Sahil Kapur (@sahilkapur) March 3, 2021
Singles under $75K get the full $1,400. But it zeroes out at $80K (not $100K).
Couples under $150K get full amount. But zeroes out at $160K (not $200K). https://t.co/iNMMppOugZ
What’s in the American Rescue Plan?— Senate Democrats (@SenateDems) March 3, 2021
Aid to state and local governments
Expanded Child Tax Credit that cuts child poverty in half
Via @NYTimes The Daily Podcast pic.twitter.com/1M9WsP24fw
The Democrats do still have one secret weapon.
The True Cons may have been demographically swamped inside the Republican Party by Trump voters, but we still have all these old people in power because the electorate is so polarized. Congress is a gerontocracy full of people like “Cocaine Mitch” who are forty years behind the times.
Joe is going to use budget reconciliation to do two or three things before the 2022 midterms. The first thing will be the stimulus bill which will deliver $1,400 checks to everyone making under $75,000 a year that phases out at $80,000 a year per individual. As far as I know, it will also include the new child tax credit which will start sending quarterly checks to parents with children. The new child tax credit will send $3,600 per child under age 6 and $3,000 for children up to age 17 for one year. The next budget reconciliation bill will be infrastructure. The Equality Act and stuff like that will pass the House and die in the Senate because there aren’t ten Republican votes for it.
Social conservatives are like … why aren’t we already doing this? Why aren’t we subsidizing the family instead of libertarian business owners? Mitt Romney’s Family Security Act would send out $350 monthly payments for a child 5 years old and under, $250 monthly payments for a child age 6 to 17, cap monthly payments to families at $1,250 and would be eligible to any child with a Social Security number.
Note: Mitch used budget reconciliation to try to pass Ryancare and then the Trump tax cuts which were the two most unpopular policies of the last several decades.