New Covid Stimulus Bill Breakdown

600 stimulus checks for american adults who earned less than 75 000 in 2019 with additional 600 per household for each child.

New covid stimulus bill breakdown. While measures such as business closures and travel restrictions are effective at fighting a pandemic they also have a dramatic impact on the economy. 166 billion in direct checks 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. Lawmakers struck a nearly 900 billion covid 19 stimulus deal sunday that includes another round of stimulus checks and badly needed jobless benefits for struggling americans ending a long.

The covid 19 relief package is just one part of a much larger bill that s more than 5 000 pages long. The legislation would authorize a second round of economic impact payments following the checks americans received in the spring and summer at a cost of 166 billion. Answers to your questions about the stimulus bill updated dec 30 2020 the economic relief package will issue payments of 600 and distribute a federal unemployment benefit of 300 for at least 10.

Here s a comprehensive breakdown of everything inside the 900 billion covid relief bill. Individuals earning between 75 000 and 87 000 would get smaller checks and the benefit cuts out entirely for. The anatomy of the 2 trillion covid 19 stimulus bill the unprecedented response to the covid 19 pandemic has prioritized keeping people apart to slow the spread of the virus.

Congress on monday passed a 900 billion stimulus package which includes direct payments of 600 to most americans. Biden has repeatedly referred to december s bill and the 600 stimulus checks that came with it as a down payment on more aid this year. 600 direct payment checks for every adult and child earning up to 75 000.