In addition to limiting the dollar amount of second stimulus checks, McConnell said Monday that Congress may limit who is eligible to receive a second stimulus check. Despite popular expectation, not everyone may receive a second stimulus check (and potentially fewer people than the first stimulus check). McConnell did not specifically discuss eligibility criteria for second stimulus checks, but he did reference that Americans earning $40,000 or less a year, especially in the hospitality industry, have been hit hardest by the Covid-19 pandemic.
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McConnell’s comments could suggest that the second round of stimulus checks may have a lower income threshold than the Cares Act, the $2.2 trillion stimulus package that included first stimulus checks. The Cares Act included a stimulus check of $1,200 for individuals earning up to $75,000 of annual adjusted gross income ($150,000 for married joint filers). The $1,200 stimulus check “phased out” (decreased) for incomes above $75,000 (and above $150,000 for married/joint filers) and was not available to individuals who earned more than $99,000 (and $198,000 for married joint filers)
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