The Senate voted early on the 5th morning to pass a budget that paves the way for President Biden‘s $1.9 trillion Epidemic economic revitalization package, which will allow tens of millions of Americans to receive a third round of bailout checks; according to the bailout plan, all people who received bailout checks in the first two rounds will receive a $1,400 bailout cash check each in the third round, while certain people, including students over the age of 16 who did not receive bailout checks previously, will also have the opportunity to receive a bailout check this Time, but the amount has not been determined. The Senate also voted by 58 to give the public a chance to receive the check.
The Senate also voted 58 to 42 to approve a joint proposal by Senators Tom Cotton of Arkansas and Todd Young of Indiana to ban undocumented immigrants from receiving relief checks, but not families whose members include undocumented immigrants.
Young said the purpose of the relief checks is to help Americans struggling with three meals during the epidemic, and the additional provisions would ensure that tax-funded relief checks do not fall into the hands of undocumented immigrants who violate immigration laws.
As the bill still needs time to be considered, it may take another month before the cash checks are deposited into people’s bank accounts.
According to the Biden bailout bill, people with an annual income of less than $75,000 will each receive a $1,400 bailout cash check. After the annual income exceeds $75,000, the amount of the check will begin to decrease, and those with an annual income of more than $95,000 will not be eligible.
College students and dependent elders are also eligible but the amount is not yet determined
College students and seniors whose adult children are listed as dependents will also be eligible for the third round of bailout checks. Only one spouse is a U.S. citizen or green card holder, and the other lacks legal immigration status.
The Wall Street Journal reports that in the first two rounds of relief under the Trump administration, adult dependents were not eligible for relief, including students over 16, the disabled and the elderly; Biden’s plan would have made them eligible for $1,400, but the Republican version would have capped it at $500.
Members of Congress will continue to debate the eligibility requirements in the coming weeks. Some senators have suggested that the income threshold should be changed so that only lower-income people would be eligible for the bailout checks, and Biden has expressed an open mind.
Democratic U.S. Senator Joe Manchin of West Virginia and ten Republican U.S. Senators have said they want to adjust the $1,000 bailout check for people earning less than $50,000 a year, and $100,000 for couples filing a joint tax return.
In the early morning marathon vote on the 5th, a budget amendment was passed to prohibit “higher-income taxpayers” (upper-income taxpayers) from receiving a bailout check, but no clear definition was provided.
When the bailout checks will be available to the public depends on when the bailout bill is voted on and passed. The Democratic Party hopes to finish by March, because additional unemployment benefits and other epidemic assistance programs, March will expire.
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