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Rep. Tom Reed, R-NY, discusses the need for Democrats and Republicans to “work together” to reach agreement on an economic relief plan.
President Biden said on Tuesday he supported a proposal by the House Democrats that would send $ 1,400 stimulus checks to Americans earning up to $ 75,000 a year, rejecting a push by the centrist wing of the party to significantly reduce eligibility.
When asked if he supports the stimulus control parameters put forward by the House Ways and Means Committee on Monday, Biden said “yes,” according to a joint report.
Under the bill introduced by House Democrats on Monday, Americans earning $ 75,000 or less (and couples earning $ 150,000 or less) would receive the fully promised payment of $ 1,400. But the checks would disappear faster than previous cycles, cutting off individuals who earn over $ 100,000 and couples who earn over $ 200,000.
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Biden’s comments came after an Oval Office meeting with Treasury Secretary Janet Yellen, Vice President Kamala Harris and some of the nation’s top CEOs, including Jamie Dimon of JPMorgan Chase, Doug McMillon of Walmart, Sonia Syngal of Gap, Marvin Ellison de Lowe and Chamber of Commerce CEO Tom Donohue, in which they discussed the nearly $ 2 trillion coronavirus relief program, infrastructure and the push for a salary minimum of $ 15 per hour.
“The American people are hurt,” Biden told reporters. “A lot of people are in trouble. A lot of people go to bed at night wondering if they’re going to keep paying off their mortgage, have health insurance. We have millions of people out of work.”
Democrats in Congress pledge to pass the massive $ 2 trillion spending measure using a procedural tool known as budget reconciliation, which will allow them to pass the bill without any Republican endorsement.
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But over the past week, eligibility for stimulus checks has emerged as a major point of contention between the various ideological factions of the Democratic Party. The party cannot afford to lose the support of a single Senate Democrat, as it needs all 50 members to pass the measure using a procedural tool known as budget reconciliation.
Senator Joe Manchin, DW.Va., has repeatedly argued that payments need to be better targeted and reportedly called for checks to start disappearing for people earning over $ 50,000.
“I don’t think a single person on this floor would disagree with targeting relief on our struggling neighbors,” Manchin told the Senate last week. “There are other families who haven’t missed a single paycheck as a result of this pandemic. It doesn’t make sense to send a check to these people.”
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Still, he indicated on Monday that he was open to the House Democrats’ plan, saying he and other centrists were trying to get payments to those “really in need.”
The House Ways and Means Committee is due to debate its part of the massive reconciliation bill on Wednesday and conclude on Friday. Lawmakers hope to pass stimulus checks, which are part of a larger $ 1.9 trillion relief package, by March 14, when additional unemployment benefits are set to run out for millions of Americans.
“While we still hope that Republicans will join us in doing good through the American people, the urgency of the moment demands that we act without further delay,” said Representative Richard Neal, Chairman of the Ways and Means Committee. , in a press release. declaration.
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