FINALLY! New stimulus check proposal ‘targets’ next payment in nearly every way. Here’s how!
The chorus among some lawmakers to approve “targeted” stimulus checks that goes out to fewer people is nothing new, but as we saw with the $600 stimulus payment, lowering the maximum amount a person could receive has so far been the main method of reining in costs. That changed Sunday morning when a group of 10 Republican senators sent President Joe Biden a $600 billion counterproposal (PDF) — roughly 32% of Biden’s $1.9 trillion stimulus plan — that includes a third stimulus check that would trim back three crucial parts of the stimulus check formula to make fewer people qualify for less money overall.