Biden tightens $1,400 stimulus check income limits amid pressure from moderate Dems

President Biden has endorsed a plan from moderate Democrats to narrow income eligibility for the third round of stimulus checks in his nearly $2 trillion coronavirus relief package, a Democratic source said Wednesday.

Under the latest proposal, Americans earning $75,000 or less would receive the fully promised $1,400 payment. But the checks would phase out faster for individuals at higher income levels than in the version passed Saturday by House Democrats, with individuals making $80,000 a year or more and couples making $160,000 a year, or higher, no longer qualifying for the money.

The House version of the bill would also send the $1,400 payments to individuals earning $75,000 or below each year, but the money would phase out slower, with the eligibility cut-off at $100,000 for individuals and $200,000 per year for couples.

That means individuals earning between $80,000 and $100,000, and couples earning between $160,000 and $200,000, are newly excluded from a partial check under the newest plan endorsed by the Biden administration.

But progressives have signaled they will fight against tightening the income criteria for the payments.

-READ MORE