Report: Democrats Open To Capping Income For Stimulus Checks At $50,000 A Year For Individuals

Forbes ^ | 2/3/2021 | Nichols Reimann

[Onthebrink]

TOPLINE Some senior Democratic officials are open to setting an income limit of $50,000 for the next round of stimulus checks, according to The Washington Post, as Democrats try to shore up support from those like West Virginia Sen. Joe Machin (D) to help push through President Joe Biden's $1.9 trillion stimulus package.

[Blood of Tyrants]

Sounds like a transfer of wealth. Well, sort of. The federal reserve is just creating the money out of thin air anyway.

[Salman]

Any productive labor going to happen before thet totally drain the economy? Or ever?

[cyclotic]

But I’m sure that the tax increase to repay it will be from people earning over $50,000

[McGavin999]

Instead of paying stimulus checks how about forgiving income tax for 2021? That way small business won’t have to make quarter deposits and can use the money to rehire employees.

[metmom]

What a joke.

50K is barely enough to live on.

[Diogenesis]

the corrupt Demons & GOP in Congress will continue getting
THEIR kickbacks, cuts, ‘big guy paybacks’, of course.

[wrench]

I live on 10,000 year. Thank you very much.

[Magnum44]

Yet another welfare giveaway...

[madison10]

Am I reading that right? $50,000/year income? That leaves out a HUGE nunber of people in the middle who will not get help. Small business owners and middle class again.

[CodeToad]

Those over $50k are not represented but pay the taxes.

[RC one]

Or from the people who happen to own legally purchased semi-automatic firearms and magazines.

[Deo volente]

I live on 10,000 year. Thank you very much.

You must not live in California. 10 grand might last you two months here if you live in an urban area.

[BiglyCommentary]

That’s AGI, so you have to add in deductions above that line to get an idea of what the number would be on a W2 - gross income.

[sauropod]

Where do you live?

[Vendome]

If they are still working they should not be getting any checks.

I am actually getting quite resentful of everyone getting checks.

[headstamp 2]

Got a friend who has been out of work on unemployment for almost a year.

Having a good old time. He said he’ll be “screwed” when that stops in march. Doesn’t know what to do. I said how about getting a job.

His training is in a wide open field.

He’s just used to staying home now and in a rut which was real easy because the government has been paying for the rut.

[kdot]

Income cap for americans. Unlimited payola for politicians.

[1Old Pro]

Ah, so rich is now down to 50k and above, so we need to tax the heck out of the rich.

[DownInFlames]

Reparations based on income. Most minorities don’t make $50k per year.