Senate drafters of the legislation also stripped out a small provision that would have provided $1.5 million for maintaining and operating a bridge in upstate NY connecting the us and Canada.
News is citing sources that say the agreement would allow for full $1,400 payments for individuals earning up to $75,000 with amounts decreasing incrementally above that income level.
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.
"He has been open from the beginning for that being more targeted and for there to be a steeper cliff at which that ramp-down ends", Psaki said. Alexandria Ocasio-Cortez of NY and Cori Bush of Missouri - sent a letter to Biden and Vice President Kamala Harris on Monday that asks Harris, in her role as Senate president, to overrule the parliamentarian's decision to exclude the wage increase. "Of course there will be ongoing discussions".
The Democrats do not specify the amount of future recurring checks.
So far, Republicans have presented a unified front against the bill.
But progressives have signaled they will fight against tightening the income criteria for the payments. The stimulus payment, which would be the third from the federal government in less than a year, would be based on a person's 2019 or 2020 federal tax return, whichever is available.
The official said Wednesday the COVID-19 relief measure Senate Democrats plan to unveil will retain the $400 weekly emergency jobless benefits that were included in a House-approved version of the legislation.
Senate Minority Leader Mitch McConnell, R-Ky., has said he hopes Republicans will unanimously oppose the bill, meaning the bill will need unanimous support from Senate Democrats in order to pass.
"We want to get the biggest, strongest bill that can pass, and that's what we're going to do", Schumer said. "The Democrats had a choice". "They chose to go it alone, tack to the left, leave families' top priorities on the cutting room floor". He dismissed criticism that the economy has improved from the worst periods of a year ago.
Senator Ben Cardon, a Maryland Democrat, told reporters at the Capitol on Wednesday, that the delay shouldn't have too large of an impact on the ultimate passage of the bill.
The Senate could begin consideration of the coronavirus relief legislation as early as today, pending a final assessment from the Congressional Budget Office and the Joint Committee on Taxation.
Even though the Senate will soon take up the bill, the specifics of the package are still being negotiated. After those 20 hours expire, the Senate starts another series of unlimited amendments. Additionally, the amendment process, commonly referred to as a "vote-a-rama", is often streamlined through chamber leadership, limiting the number taken up. Some Republicans have suggested they plan to offer many, many amendments as a kind of protest over the partisan legislation. "We'll have the votes we need to pass the bill".
A provision raising the minimum wage was included in the initial relief bill, but the Senate parliamentarian ruled last week it could not be included under the "Byrd rule", which requires provisions included in a bill passed through reconciliation be budget-related.