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Here’s the maximum amount Biden’s stimulus checks and tax credits would deliver to America’s poorest families

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 A new round of $1,400 stimulus checks could equal at least 20% of the money low-income families bring home in a full year, according to tax policy experts running the numbers on President-Elect Joe Biden’s proposed financial rescue plan to lift up households rocked by the pandemic’s economic fallout.

And that’s just the start.

Factoring in the expanded tax credits in Biden’s $1.9 trillion “American Rescue Plan,” those projected cash influxes could rise even higher for people living at the income ladder’s lowest ends.

“Right now, the smartest thing we can do is act big,” Treasury Secretary Nominee Janet Yellen said Tuesday at her Senate confirmation hearing,…



Source marketwatch.com

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