The 160 million Americans who got stimulus checks earlier this year would get another payment as soon as next month under a plan being negotiated by Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell.

“Our proposal is the exact same provision as last time,” Mnuchin told reporters Thursday as he and congressional Republicans work to finalize a series of stimulus bills that will form the counteroffer to a plan from Democrats.

That would mean:

1. Individuals earning up to $75,000 would receive a $1,200 payment for themselves and $500 for their dependent children
2. Couples earning up to $150,000 would also qualify
3. The payment amounts phase down for singles earning up to $99,000 or $198,000 as a couple.

Using the same parameters as the last round of stimulus payments would mean that the Internal Revenue Service could quickly deliver the money to people’s bank accounts and mailboxes. The IRS prioritized getting direct deposit information for households earlier this year, so the agency could deliver millions of electronic payments and not be slowed down by mailing paper checks....