A bipartisan group of Senator is now reportedly beginning to throw cold water on President Biden’s proposed 1.9 trillion dollar stimulus bill.
In addition to the outrageously high amount being asked for, many Senators also balked at the amount of money being given to high income Americans who have no need for it. In particular many were concerned about the proposed $1400 dollar stimulus check Biden has proposed be sent to all Americans.
As Fox Business reports:
Biden is pushing for a massive plan that includes $20 billion to accelerate vaccine distribution, a $15-an-hour minimum wage increase, an extension of supplemental unemployment benefits through the end of September, a one-time $1,400 stimulus check, a temporary expansion of the Earned Income Tax Credit and Child Tax Credit and $350 billion in new funding for state and local governments.
While the lawmakers largely agreed the top priority should be producing and distributing vaccines, according to a source with knowledge of the matter, some pushed back against the $1,400 stimulus payments and pressed the White House to make them more targeted to individuals in greater need.
Sen. Susan Collins, R-Maine, questioned the Biden officials why families making $300,000 would be eligible to receive the cash payment and suggested the relief focus on lower-income workers.
“I was the first to raise that issue, but there seemed to be a lot of agreement … that those payments need to be more targeted,” Collins told Politico. “I would say that it was not clear to me how the administration came up with its $1.9 trillion figure for the package.”
Are $1400 dollars too much to help Americans effected by the Coronavirus, or not enough? Let us know what you think in the comments below.