Under the proposal, most taxpayers would receive between $600 and $1,200 ($2,400 for a married couple) based on their 2018 income and taxes. People owing little or no income tax would get the minimum rebate of $600 if they had at least $2,500 in income from earnings, Social Security, or veterans’ benefits in 2018. People with less than $2,500 of qualifying income would get nothing. Payments would rise by $500 for each child and be phased out at higher income levels.
Take two families of four, with incomes of $35,000 and $150,000. Both families have two children, who receive $500 each. The adults, however, are treated very differently.
Each adult in the higher-income family gets $1,200, for a total of $3400.
Each lower-income adult receives just $600 for a total of $2200.
This means the less financially vulnerable family gets $1,200 more than the family that has a tougher time making ends meet. (See chart.)
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link to www.cbpp.org (secure)]
Does that sound fair to you?