Latest On Stimulus Relief Bill

The us capitol building on december 20 2020 in washington dc.

Latest on stimulus relief bill. Ppp borrower tax relief under stimulus bill it s finally happening. On december 28 the u s. President trump finally signed a 900 billion stimulus bill that includes much more.

The new act tax provision also indicates that any income tax basis increase that occurs as a result of receiving the. Additional support for small businesses states and local governments. Congressional leaders on monday unveiled the text of a 900 billion fiscal stimulus package and a 1 4 trillion government funding deal that will deliver critical pandemic aid to millions of.

The bill which is expected to be voted on on monday provides 25 billion in emergency rental relief and a one month extension of the nationwide eviction moratorium through january 31 2021. Washington congress approved a massive 900 billion relief bill on monday evening to provide sorely needed aid to americans suffering amid the economic fallout from the coronavirus pandemic. Cnn congressional leaders on monday released the text of a far reaching 900 billion covid 19 relief package.

The bill contains 600 stimulus checks for most americans with another 600 per child a 300 weekly unemployment supplement and 284 4 billion in forgivable small business paycheck protection. 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. The 900 billion package provides more relief beyond the 600 checks that have become the focus in washington.