Members-Only Article

It’s a Big Mistake

Treasury Secretary Steven Mnuchin's signatures is seen on new dollar bills, Wednesday, Nov. 15, 2017, at the Bureau of Engraving and Printing in Washington. The new Mnuchin-Carranza notes, which are a new series of 2... Treasury Secretary Steven Mnuchin's signatures is seen on new dollar bills, Wednesday, Nov. 15, 2017, at the Bureau of Engraving and Printing in Washington. The new Mnuchin-Carranza notes, which are a new series of 2017, 50-subject $1 notes, will be sent to the Federal Reserve to issue into circulation. (AP Photo/Jacquelyn Martin) MORE LESS

By Josh Marshall

February 8, 2021 11:36 a.m.

THE BACKCHANNEL

FREE EDITION

Your subscription could not be saved. Please try again.

Your subscription has been successful.

NEW!

A FREE email newsletter from Josh Marshall An email newsletter from Josh Marshall

There is now a debate over whether to change the income caps for eligibility for those $2,000 checks. (Actually, it’s an additional $1,400 which combined with the $600 from December will equal $2,000.) Specifically, the discussion is whether to lower the income cap from $75,000 to $50,000.

This is a major, major mistake.

This is a members-only article

Small Team. Big Results.

We’re proud of what our small newsroom has accomplished and it’s not hyperbole when we say that without our members, none of this would be possible.

Become a TPM Member

Free memberships available for students and those experiencing financial hardship.

Already a member? SIGN IN