Wednesday, 21 April, 2021


Third Stimulus Check: Treasury Confirms Who Will First Receive $1,400 Payments

39;We need something now:' Strategist explains importance of stimulus deal Selling the aid bill's pros and cons | News, Sports, Jobs
Bennie Garza | 11 March, 2021, 17:25

The relief package is the first under the Biden administration.

The House of Representatives voted 220-211 on Wednesday to the sweeping legislation choke-full of longtime progressive priorities, sending it straight to the President's desk after it narrowly passed an evenly divided Senate over the weekend.

It includes a set of measures that is estimated to slash poverty by a third this year and potentially cut child poverty in half, including an increase in the maximum child tax credit from $2,000 per child to $3,600 per child, as well as $20 billion in rental assistance and enhanced food benefits. Anyone with dependents will receive $1,400 for each one, as well.

"This legislation is about giving the backbone of this nation - the essential workers, the working people who built this country, the people who keep this country going - a fighting chance", Biden said.

As a matter of fact, despite a $892 billion in pandemic stimulus bill passed in the US Senate late in December, President Biden had proposed another $1.9 trillion in additional pandemic relief aid earlier this year citing a lavishly languishing US economy alongside a near-stagnant US labour market.

Republicans are hitting the road as well, warning that the bill for this legislation is going to come due some day.

House Minority Leader Kevin McCarthy called the plan "a long laundry list of left-wing priorities that predate the pandemic and do not meet the needs of the American families".

"This isn't a rescue bill; it isn't a relief bill".

Democrats in the Senate used budget reconciliation - meaning all 50 Democrats need to vote in favor in order to pass any "controversial" legislation without Republican support - to pass the legislation.

"It's a consequential piece of legislation and it would have been a real miss if we had not provided for state and local funding in this bill", Craig said.

But Americans outside Washington see it very differently, as polls show overwhelming bipartisan support for the bill.

On Tuesday, Mr Biden visited a business billed as Washington's oldest hardware store, which has benefitted from the Paycheck Protection Program begun under Donald Trump's administration to help businesses stay afloat during the crisis.

The CARES Act has finally passed Congress. "This is about the American people getting relief".

It expanded unemployment payments and extended them through March 14. Under the new bill, unemployment is extended and makes more citizens eligible for unemployment insurance until September 6th.

Progressive Democrats had pushed for higher supplemental unemployment benefits of $400, but after a last-minute standoff with a moderate Democrat, the Senate kept the payments at $300 a week.

The governor also praised the bill's passage and thanked Sen.

It sees the USA economy climbing by 6.5% this year, almost double its previous forecast.

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