WATCH: U.S. Senate Passes Historic $2 Trillion Coronavirus Stimulus Compromise Package

By  //  March 26, 2020

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After $75,000 for individuals, the benefit would be reduced by $5 for each $100 the taxpayer makes

WATCH: The Senate passed a massive $2 trillion coronavirus stimulus compromise package just before midnight on Wednesday, ending days of deadlock and sending the bill to the House of Representatives, where House Speaker Nancy Pelosi has said there will soon be a “good debate on the floor” over the historic measure to bring relief to individuals, small businesses, and larger corporations. (Fox News video)

(FOX NEWS) – The Senate passed a massive $2 trillion coronavirus stimulus compromise package just before midnight on Wednesday, ending days of deadlock and sending the bill to the House of Representatives, where House Speaker Nancy Pelosi has said there will soon be a “good debate on the floor” over the historic measure to bring relief to individuals, small businesses, and larger corporations.

The text of the bill, obtained by Fox News, would provide one-time direct payments to Americans of $1,200 per adult making up to $75,000 a year, and $2,400 to a married couple making up to $150,000, with $500 payments per child.

After $75,000 for individuals, the benefit would be reduced by $5 for each $100 the taxpayer makes, per Page 145 of the bill.

A $150,000 limitation applies to couples, and a $112,500 limit for heads of households.

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