Fewer people may qualify for the $1,400 stimulus payments. Here’s why

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After promising another round of stimulus payments worth $1,400 to many Americans, President Joe Biden has reportedly signaled that he is open to restricting the number of people who would receive them, based on their income.

Democrats are reportedly considering sending the $1,400 payments to individuals earning up to $50,000, and $2,800 to married couples earning up to $100,000 (plus $1,400 per child), according to The Washington Post. That’s a decrease from the first and second round of checks, which started phasing out at $75,000 for individuals and $150,000 for…

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