It was a big win for President Joe Biden when he signed the massive $1.9 trillion COVID-19 relief package into law on Thursday. The legislation hit the president’s desk in the Oval Office just one day after it was passed in the House of Representatives.
Personal Stimulus Checks: The much-anticipated personal stimulus checks are the cornerstone of the rescue package. After weeks of debate, Congress agreed to a figure of $1,400 per qualified American. This money will also go to dependents, even those over the age of 17.Read More »
In spite of these ceilings, it is estimated that approximately 90% of Americans will receive some amount of money. These income ceilings are based on the last tax return that you filed with the IRS. For some individuals and families, they may still be the 2019 return.
When You Can Expect to See the Money: According to White House Press Secretary Jen Psaki, Americans may begin receiving their stimulus checks as early as this weekend. Those who have a bank account on file with the IRS will see their money the earliest. Paper checks will take longer to arrive.
Earlier this week, the White House confirmed that Biden’s name will not be on the check. This differs from the earlier rounds of stimulus checks, bearing the name of former President Donald Trump.
Political Implications: The historic legislation is the first major victory of the Biden administration. While the votes fell along party lines with little bipartisan work involved, the relief package will go down as one of the most iconic pieces of legislation in recent history. Coming into office on January 20, the Biden team set the passage of this legislation as the first major hurdle that it would need to cross. The goal had been to pass the legislation prior to March 14, avoiding a lapse in unemployment benefits.
Additional Elements of Rescue Package: While many Americans are understandably focused on the stimulus package, there are several other notable elements included in the sweeping legislation. These categories of aid include funding to assist in the safe reopening of schools, financial support earmarked for the vaccine production and distribution plan, an expansion of federal unemployment benefits, assistance for low-income families, and money for struggling businesses.
Other Political Headlines: In other political news for the day, Trump was back in the headlines again. However, the news was not for something that he did do, but rather it was a headline about what he did not do. The 44th president was noticeably absent from a recently released public service announcement (PSA) featuring all of the former living presidents advocating the use of the COVID-19 vaccine.
Former presidents Jimmy Carter, Bill Clinton, George W. Bush, and Barack Obama were all featured with footage of them receiving their personal COVID-19 vaccine. Their wives were also featured in the PSA. According to reports, Trump was not featured in the PSA because there was no video footage of him receiving the vaccine. It was recently revealed that Trump received the vaccine shortly before leaving the White House.
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