Covid Stimulus Bill Where Is The Money Going
Here s where all that coronavirus stimulus is going marketwatch it s hard to wrap your brain around 2 trillion.
Covid stimulus bill where is the money going. The deal also makes the stimulus. Trump also urged congress to increase the 600 stimulus checks for americans contained in the covid 19 relief bill to 2 000. While no additional state and local aid was provided an extension of the deadline by which the coronavirus aid relief and.
President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. The stimulus checks are means tested with people earning more than 75 000 or 150 000 per married couple filing jointly getting less money and people earning over 95 000 getting nothing. 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.
The coronavirus relief bill released monday includes 250 million in investment aid for the palestinians and for encouraging israeli palestinian dialogue in a provision titled the nita m. On december 28 the u s. When you look at all of the allocations spelled out in the legislation that means approximately 560 billion is going to individuals 500 billion to big corporations 377 billion to small businesses 339 8 billion to state local governments 153 5 billion going to public health 43 7 billion in education related spending and 26 billion to social safety net programs.
House of representatives voted to pass a bill to increase the 600 stimulus checks to 2 000 with the bill receiving the needed two thirds majority of the members voting. Lowey middle east partnership for peace act of 2020.