Those eligible for the stimulus payments could receive up to $1,400 that would top off the $600 payments that began going out earlier this month. In a letter to his Democratic colleagues sent this week, Schumer indicated that he is planning on payments that would increase the total payout to $2,000.
"Democrats wanted to do much more in the last bill and promised to do more, if given the opportunity, to increase direct payments to a total of $2,000," he wrote.
Eligibility for the $600 payments is largely based on income. Individuals earning less than $75,000 a year receive the full $600. Heads of household earning less than $112,500 and married couples filing jointly earning less than $150,000 are also due the full amount. They will receive $600 per child under the age of 17.
The payments start phasing out for people making more money, at a rate of $5 per $100 of additional income. They phase out entirely at $87,000 for single filers without children and $174,000 for those married filing jointly without children, according to an analysis by the
Tax Foundation.Undocumented immigrants who don't have Social Security numbers are ineligible for the payments. But in a change from the first round, which was sent last spring, their spouses and children are now eligible as long as they have Social Security numbers.
During the first round, the federal government sent $1,200 payments to eligible Americans. They were mostly sent out between April and August.
CNN's Kate Sullivan contributed reporting.
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