Congress New Stimulus Bill Proposal
Congress and president elect joe biden could release a new stimulus package as early as this week.
Congress new stimulus bill proposal. It would send 350 billion more to state and local governments. The new package includes 600 stimulus. However the bill did contain funding for several programs benefiting residents and businesses most notably an additional round of 600.
Unfortunately direct flexible funding for local governments did not make it into the final bill. Congress has reached an agreement on a new stimulus package and is expected to vote on the final bill on monday before sending it to president trump s desk. The irs hit its deadline on friday to make the second round of payments of 600 to eligible americans that congress approved at the end of 2020.
The plan would inject 20 billion into a national covid 19 vaccination program and 50 billion into an expansion of testing. On december 21 congress reached a deal on a new stimulus package addressing the ongoing covid 19 pandemic. The 600 child stimulus check is slightly more generous than the 500 authorized by congress in march while the amount for adults is half the size as the initial round.