Stimulus Bill Breakdown Where S The Money Going

The stimulus money may have failed to go to the states the president promised but a clear pattern does emerge.

Stimulus bill breakdown where s the money going. The rest of the funds in this component will go to schools and child care services. Lawmakers struck a roughly 900 billion covid 19 stimulus deal that includes another round of stimulus checks and badly needed jobless benefits for struggling americans ending a long standoff in. 179 5 billion 9 of total cares act.

The cutoff remained 75 000 to receive the total but using the formula laid out in the text of the bill the threshold to receive any amount of stimulus money as an individual with no children. 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. A 1 400 third stimulus payment not 2 000 the irs hit its deadline on friday to make the second round of payments of 600 to eligible americans that congress approved at the end of 2020.

Having an entirely democrat congressional delegation in 2009 when the bill. The biggest portion of funds going to local and state governments is the 274 billion allocated towards direct covid 19 response. Earlier this week the united states senate passed an estimated 2 trillion coronavirus response bill but where exactly is all that money going 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.

Public and health services. The legislation offers a wide range of help both for individuals and for struggling elements of the economy from mass.