• The poorest quintile of Americans will get a 29% income boost if $2,000 stimulus checks become a reality, a new report finds

    14 days ago - By Business Insider

    The House on Dec. 28 passed the CASH Act, which would provide for increased stimulus payments from $600 to $2,000.
    A recent report from the Institute on Taxation and Economic Policy finds that the increased payments will significantly increase incomes of Americans in the poorest quintile.
    Democratic lawmakers say the $600 payments passed at the end of last year are not enough, urging support for $2,000 direct stimulus.
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    Low-income Americans can expect to see a significant income boost if the Caring for Americans with Supplemental Help Act...
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  • Joe Biden supports $2,000 stimulus checks for Americans. Here's how much people could receive in federal cash

    14 days ago - By Business Insider

    President-elect Joe Biden gives a speech in Delaware in early January.
    Demetrius Freeman/The Washington Post via Getty Images
    Biden supports $2,000 stimulus checks and they are expected to form part of another economic aid package to be unveiled this week.
    Given the larger payment amount, higher-earners may receive some federal cash as well because its later phase-out.
    Here are some groups who could get a $2,000 stimulus payment.
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    Democrats are poised to regain full control of Congress for the first time in a decade, bringing $2,000...
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