Stimulus Money Goes Where

Now president joe biden will start work on the next economic stimulus and relief package.

Stimulus money goes where. 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 social safety net programs. That means a family of four would receive 2 400 up to a certain income threshold. Cnn the internal revenue service started sending out stimulus payments this week but while 80 million people can expect the money to hit their bank accounts by wednesday others will be.

However direct checks to us citizens will be likely cut in half compared to previous stimulus payments. Eligible families will receive an additional. The coronavirus relief bill released monday includes 250 million in investment aid for the palestinians and for encouraging israeli palestinian dialogue.

Based on pelosi and schumer s latest statements it appears the total funding of the second stimulus package will range between 916 918 billion. The states hardest hit by the recession received the least. The size of the payment.

But the newest data on how the stimulus money was given out across the 50 states and the district of columbia shows a perverse pattern. Here s where all that coronavirus stimulus is going marketwatch it s hard to wrap your brain around 2 trillion. 600 for individuals or 1 200 for couples.

The legislation includes 600 stimulus checks per person including adults and children.