As Congress weighs passing a 5th coronavirus stimulus package, more cash payments to Americans hang in the balance—and could get shot down by Republicans
“The payroll tax cut from an economic standpoint is so much more efficient,” he said.
Still, some Democrats — such as Sen. Ron Wyden — argue a payroll tax break would put money in the hands of corporations, not average Americans. the proposal a “huge mistake” that would “amount to hundreds of billions of dollars in tax cuts for big corporations.”Republicans of dragging their feet on further relief, and hurting Americans in the process.
“It’s always interesting to me to see how much patience some people have with the pain and suffering of other people. Let’s take a pause? Do you think this virus is taking a pause? Do you think that the rent takes a pause?” The new House bill would provide for another round of stimulus checks: $1,200 for eligible adults making less than $75,000 and $2,400 for married couples making less than $150,000, with that payment phasing out as income rises, as it did under the CARES Act.
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