Biden and Dems pass $1.9 trillion Covid relief bill for stimulus checks, vaccine aid, tax credits

President Joe Biden signed the $1.9 trillion coronavirus relief package on Thursday afternoon.

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The plan, his top priority as president, sends direct payments of up to $1,400, extends a $300 per week unemployment insurance supplement, expands the child tax credit and puts funds into vaccine distribution.

Democrats passed the legislation on their own in Congress, as Republicans question the need for a major stimulus package while the economy improves.

The plan will send direct payments of up to $1,400 to most Americans. Direct deposits will start hitting Americans’ bank accounts as soon as this weekend, White House press secretary Jen Psaki said Thursday.

The bill will also extend a $300 per week unemployment insurance boost until Sept. 6 and expand the child tax credit for a year. It will also put nearly $20 billion into Covid-19 vaccinations, $25 billion into rental and utility assistance, and $350 billion into state, local and tribal relief.

“This historic legislation is about rebuilding the backbone of this country,” Biden said before signing the legislation. “And giving people in this nation, working people, middle-class folks, the people who built this country, a fighting chance.”

Democrats passed the bill in Congress without a Republican vote through the budget reconciliation process.

Democrats have called the bill necessary to sustain the economic recovery mitigate the pain caused by a year of economic restrictions. More than 20 million people are still receiving some form of unemployment benefits, and millions of households are struggling to afford food and housing.

Democrats also pointed to the bill’s potential to slash child poverty.

The legislation will also increase the maximum Supplemental Nutrition Assistance Program benefit by 15% through September and direct nearly $30 billion to restaurants. It will send more than $120 billion to K-12 schools.

The legislation will also boost provisions to make health care more affordable and expand tax credits to help businesses keep employees on the payroll.


https://www.cnbc.com/2021/03/11/biden-1point9-trillion-covid-relief-package-thursday-afternoon.html
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