White House likely to support new round of stimulus checks

Описание: CNBC's Kayla Tausche reports the White House is open to a new round of stimulus payments. The Democratic controlled House is set to vote on a $3 trillion stimulus bill on Friday to blunt the coronavirus pandemic’s devastating effects on the economy and health-care system.

New filings for unemployment claims on Thursday totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday.

The first round of stimulus checks was part of a $2 trillion package authorized by Congress. The legislation called for using past tax returns from either 2018 or 2019, whichever is most recent, to determine eligibility for a stimulus payment.

The payments were up to $1,200 for individuals or $2,400 for married couples who file jointly, plus $500 for qualifying dependents. The payments were targeted at individuals making up to $75,000 and couples who earned up to $150,000 in adjusted gross income. Above that, the checks were reduced, and they eventually phased out completely at $99,000 in income for individuals and $198,000 for married couples.

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