A more targeted stimulus package is 'difficult to do': Democratic congressman

Senate lawmakers are expected to begin debate Wednesday on President Biden’s $1.9 trillion dollar relief package, but the price tag has been a sticking point for many Senate Republicans and even some moderate Democrats.

Some lawmakers on both sides of the aisle want to tighten eligibility requirements for the bill’s $1,400 stimulus checks. Even the U.S Chamber of Commerce is warning the relief bill isn’t targeted enough given the state of the economy and should provide relief to those who truly need it.

Rep. Don Beyer, a Democrat from Virginia, said that’s easier said than done.

“I think everyone would like it to be more targeted, but that's difficult to do,” he told Yahoo Finance Live. “For example, we have the $1,400 economic impact payments, and you know you want the most to go to people who are way behind on the rent or have been unemployed for a long time and needed to put groceries on the table. But how do you efficiently in the short run sort out those from other people who had a bunch of savings before? It was just easier to say some of that is actual relief, a life vest, and some of it is just economic stimulus to fill the output gap in the economy.”

In remarks on the Senate floor Tuesday, Senate Majority Leader Chuck Schumer said the economy is “not strong enough to sustain things on its own. We need strong relief to get the economy going so it can continue on an upward path on its own.That's what this bill is designed to do.”