September 26, 2021

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House to vote on Biden’s Covid-19 stimulus bill: Live Updates –

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The massive Covid-19 relief bill is expected to get final approval by the House after the Senate made a series of revisions to the bill and passed it over the weekend.

Notable changes made by the Senate include narrowing eligibility for stimulus checks, trimming the federal boost to jobless benefits and eliminating an increase in the federal minimum wage.

The House had previously passed the bill, including the wage hike, at the end of February.

On stimulus checks: The checks will phase out faster than in previous rounds, completely cutting off individuals who earn more than $80,000 a year and married couples earning more than $160,000 — regardless of how many children they have.

The revisions made by the Senate will leave out about seven million families, according to an estimate from the Penn Wharton Budget Model.

But the Senate kept the income thresholds the same for who gets the full payments: individuals earning less than $75,000 a year and married couples earning less than $150,000 will receive $1,400 per person, including children.

On unemployment benefits: The Senate changed the legislation to provide a $300 federal boost to weekly jobless payments and extend two key pandemic unemployment benefits programs through Sept. 6.

The first $10,200 worth of benefits will be tax-free for households with annual incomes of less than $150,000. That marked a significant change from the earlier-passed House bill, which would have provided a $400 weekly enhancement through Aug. 29.

On minimum wage: The effort to hike the minimum wage was removed by the Senate after the parliamentarian, a little known but powerful official, ruled it out of bounds under the reconciliation process that Democrats used to advance the legislation in the chamber with only a simple majority and no Republican support.

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