Rep. Jim Clyburn has offered some good news pertaining to the forthcoming COVID-19 relief package. The congressman told reporters that stimulus relief checks of $1,400 will probably start going out next week.
"I'm very hopeful that by the beginning of next week, some relief can be realized," Clyburn told NBC's Kristen Welker.
"The president can't just toss the money out once he signs the bill."
During the interview, Clyburn began to clarify his statements further by pointing out that checks would have to go through proper channels before going out. He also noted that the President could not send out the checks immediately after signing the bill into law.
"We'll be at the mercy of the administrative process," he explained.
Initially, his backpedaling seemingly moved away from his initial comments. However, he stood by his original timeline when pressed by Welker.
"That's my thought. I used to run a state agency. I know what it's like being an administrator," he said when asked if checks could go out as early as next week.
Similar to previous COVID-19 relief packages, stimulus payouts will be determined by individual taxpayer's annual income. Individuals making less than $75,000 and couples making less than $150,000 per year will be eligible for the full $1,400. Couples making between $150,000 and $160,000 and individuals making under $80,000 will be eligible for partial payments. Taxpayers that exceed both of those income constraints will not be eligible for stimulus payouts.
The upcoming payouts are larger than the previous two payouts of $1,200 and $600. Also, this package will allow adult dependents to receive payouts. Disabled adults, elderly relatives and college students will now be eligible for stimulus payouts. Previously, only dependents under 18 would be eligible for stimulus payouts.
The latest COVID-19 relief package is set to pass through the U.S. House of Representatives on Wednesday before heading to the U.S. Senate later this week.
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