But the payments would phase out faster than earlier rounds and completely cut off individuals earning more than $100,000 and couples earning more than $200,000, according to the bill text, which the House Ways and Means Committee is set to debate Wednesday.
Under the plan put forward Monday by Chairman Richard Neal, a Massachusetts Democrat, the full payment would go to individuals earning less than $75,000 a year and married couples earning less than $150,000 — like previous stimulus checks. Joint filers would receive $2,800 plus another $1,400 per dependent.
The GOP plan called for smaller payments of $1,000 to individuals earning less than $40,000 a year and couples earning less than $80,000. The payments would phase out faster, cutting off individuals making more than $50,000 and couples making more than $100,000.
But for the Senate to pass the bill, Democrats will likely need the vote of Sen. Joe Manchin, a key moderate West Virginia Democrat. He has also suggested that a new round of stimulus payments should be more targeted than earlier rounds.
There’s a long way to go before a final bill text is agreed upon and the income thresholds could change. Lawmakers hope to pass the legislation by March 14.