Who can give away more ? I think the dems have got this one.
McConnell's coronavirus stimulus plan would provide payments of $1,200 per person, $2,400 for couples
Gregg Re46 mins ago
Video
Saying lawmakers "need to take bold and swift action as soon as possible," Senate Majority Leader Mitch McConnell on Thursday introduced legislation to provide as much as $1,200 per person and $2,400 per couple in the U.S. amid the coronavirus outbreak and skyrocketing jobless claims.
The draft legislation, obtained by Fox News, would provide minimum payments of $600, and aid would be phased down at adjusted gross income thresholds of $75,000 for individuals and $150,000 per couple. Additionally, there would be $500 payments for each child.
The rebate amount is slated to be reduced by $5 for each $100 a taxpayer’s income exceeds the legislation's threshold. The amount is therefore reduced to zero for single taxpayers with incomes exceeding $99,000 and $198,000 for joint filers. The IRS will determine income based on U.S. citizen taxpayers' 2018 tax returns.
McConnell's proposal aligns with the Trump administration's push to swiftly send checks to American households.
https://www.foxnews.com/politics/mcconnell-coronavirus-stimulus-plan-payments
McConnell's coronavirus stimulus plan would provide payments of $1,200 per person, $2,400 for couples
Gregg Re46 mins ago
VideoSaying lawmakers "need to take bold and swift action as soon as possible," Senate Majority Leader Mitch McConnell on Thursday introduced legislation to provide as much as $1,200 per person and $2,400 per couple in the U.S. amid the coronavirus outbreak and skyrocketing jobless claims.
The draft legislation, obtained by Fox News, would provide minimum payments of $600, and aid would be phased down at adjusted gross income thresholds of $75,000 for individuals and $150,000 per couple. Additionally, there would be $500 payments for each child.
The rebate amount is slated to be reduced by $5 for each $100 a taxpayer’s income exceeds the legislation's threshold. The amount is therefore reduced to zero for single taxpayers with incomes exceeding $99,000 and $198,000 for joint filers. The IRS will determine income based on U.S. citizen taxpayers' 2018 tax returns.
McConnell's proposal aligns with the Trump administration's push to swiftly send checks to American households.
https://www.foxnews.com/politics/mcconnell-coronavirus-stimulus-plan-payments
