By Megan Henney

Fewer people may qualify for the $1,400 stimulus payments. Here’s why

President Joe Biden meets with Democratic senators to discuss his $1.9 trillion American Rescue Plan in the Oval Office at the White House on February 03, 2021 in Washington, DC.
Stefani Reynolds | Getty Images

More than 16 million Americans will no longer qualify for a third stimulus check under stricter eligibility parameters endorsed this week by President Biden.

That’s according to a preliminary analysis published by the left-leaning Institute on Taxation and Economic Policy, which found that a plan by moderate Democrats to curtail benefits for higher-income earners will cut off cash payments for roughly 11.8 million adults and 4.6 million children.

Under the latest proposal, Americans earning $75,000 or less would still 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, which has been backed by the Biden administration.

Lawmakers are racing to send the legislation to Biden’s desk before March 14, when more than 11 million Americans will lose their jobless aid when two key federal jobless aid programs created a year ago under the CARES Act — and extended in the $900 billion relief package that Congress passed in December — lapse.

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