Stimulus Package Breakdown Update

While the package provides far more money for k 12 schools than the first stimulus bill in march the funds still fall short of what both sectors say they need to blunt the effect of the pandemic.

Stimulus package breakdown update. The incoming biden administration unveiled a 1 9 trillion stimulus plan on thursday that offered a wish list of spending measures meant to help both people and the economy recover from the. They range from the 1 1 trillion heals act to a skinny stimulus package that would cost roughly 300 billion. The irs announced the latest stimulus update friday with details for how many stimulus checks have been delivered and a payment distribution breakdown for how much stimulus money each state has.

Senate republicans have introduced several stimulus proposals. Stimulus phase 3 coronavirus aid relief and economic security cares act on march 25 2020 the senate passed congress 2 trillion coronavirus stimulus package a rare piece of legislation that will have an immediate and lasting impact on ordinary citizens across the country. The 900 billion package passed by congress last week comes nine months after the first stimulus deal was reached and after numerous delays and debates among congressional leaders about what it.

In a nutshell the new package extends federal ui programs e g. Lawmakers struck a nearly 900 billion covid 19 stimulus deal sunday that would deliver badly needed aid to millions. Pua peuc with an extra 300 week for all ui claimants for at least an additional 11 weeks.

It also sends another round of stimulus checks worth 600 per individual per household for those making less than 75k 150k for married couples and gradually phases out at higher incomes. Here s a breakdown of what s inside the massive year end compromise.