Republicans suggest $ 1,000 stimulus checks. Here is who would qualify

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The next stimulus checks could be less than $ 1,400 and reach fewer people if a new plan by some Republican senators is approved.

The new proposal by a group of 10 GOP legislators calls for $ 1,000 checks per person, rather than the $ 1,400 proposed by President Joe Biden.

This would bring the direct payments to $ 1,600, including the first payment approved in December.

Individuals earning $ 40,000 per year are eligible for the full payments. For those with incomes above this threshold, payments would be phased out and eligibility would be capped at $ 50,000 per annum.

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For married couples filing tax together, payments with an income of $ 80,000 would expire and capped at $ 100,000.

Dependent children and adults are eligible for $ 500.

Sentenced inmates would not be eligible. Currently, prisoners are eligible to receive the $ 600 checks that are put in place.

The checks would amount to an estimated $ 220 billion under the Republican plan. The overall package, including additional funding for vaccines, childcare, improved unemployment insurance and nutritional benefits, would cost an estimated $ 618 billion.

In contrast, Biden’s plan, which calls for 1,400 checks per person, would cost an estimated $ 465 billion in direct payments, or a total of $ 1.9 trillion.

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