Stimulus Money Where Is It Going

New third stimulus check timeline.

Stimulus money where is it going. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. 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. 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.

Last week president elect joe biden introduced a 1 9 trillion stimulus package that if passed as is would include a 400 weekly unemployment bonus extend the federal eviction ban and approve a. The deal also makes the stimulus. While biden s stimulus plan takes form a smaller stimulus bill is coalescing in washington.

Washington the trump administration will begin sending stimulus payments of up to 600 to millions of americans as early as tuesday evening the second such direct payment to americans amid. One front runner is a new bipartisan bicameral 900 billion proposal which was first swatted down by. 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 waiting.

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.