Covid Stimulus Bill Total Amount

The coronavirus aid relief and economic security act also known as the cares act is a 2 2 trillion economic stimulus bill passed by the 116th u s.

Covid stimulus bill total amount. While the skinny package has a value closer to 500 billion some of the. They range from the 1 1 trillion heals act to a skinny stimulus package that would cost roughly 300 billion. 166 billion in direct checks individuals making up to 75 000 a year will receive a payment of 600 while couples making up to 150 000 will receive 1 200 in addition to 600 per child.

Although the covid 19 stimulus bill is incredibly complex here are some of the most important parts to be aware of. Once more with feeling this is a summary. Congress and signed into law by president donald trump on march 27 2020 in response to the economic fallout of the covid 19 pandemic in the united states.

The 900 billion in relief paired with a 1 4 trillion bill to continue government funding into september excluded the republican priority of liability protection for businesses and other. 286 billion in direct aid including 600 checks and 300 weekly unemployment benefits the second stimulus will include 600 direct checks to americans making less than 75 000 per year and weekly. Broadly speaking there are five components to the covid 19 stimulus bill.

President trump on sunday night signed a 900 billion stimulus bill into law avoiding a government shutdown after he demanded changes to the sprawling package and held up the legislation s.