Breakdown Of Where Stimulus Money Goes

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.

Breakdown of where stimulus money goes. Congress on monday passed a 900 billion stimulus package which includes direct payments of 600 to most americans. 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. This is a breakdown of where the money in the stimulus bill will go to.

The covid 19 relief package is just one part of a much larger bill that s more than 5 000 pages long. The bill renews funding for ppp to support small businesses and provides targeted aid to transportation and other hard hit sectors of the economy. The deal also makes the stimulus.

Nearly 9 billion would go to the centers for disease control and prevention and states for further distribution of the vaccine and 3 billion is designated for the national stockpile. Today s sankey diagram is a visual representation of where the 2 trillion will be spent. Broadly speaking there are five components to the covid 19 stimulus bill.

Here s a comprehensive breakdown of everything inside the 900 billion covid relief bill. The act became the largest economic stimulus bill in modern history more than doubling the stimulus act passed in 2009 during the financial crisis. 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.

Announcing more than 2 trillion in new spending as democrats pursue far left proposals before the final vote in the house of representatives. Yes it s hard to wrap your brain around how much money 2 trillion really is. The stimulus money may have failed to go to the states the president promised but a clear pattern does emerge.

About 20 billion would go to the biomedical advanced research and development authority or barda for procuring vaccines and therapeutics. President trump last week signed a 2 trillion bill to.