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What's In Biden's $1.9 Trillion Covid Relief Stimulus Package?
Posted
March 12, 2021
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0:54Now PlayingPresident Joe Biden signes the $1.9 trillion pandemic-relief bill into law, capping his first major legislative achievement and allowing aid to flow to tens of millions of individuals, businesses and state and local governments.
The legislation includes a wave of new spending, an extension of jobless benefits, another round of direct household payments, money for state and local governments and an expansion of vaccinations and virus-testing programs, including a national vaccine distribution program for all residents regardless of immigration status. It also includes a massive, one-year expansion to the child tax credit program aimed at curbing child poverty, a change Democrats are already seeking to make permanent.
The legislation cleared the House for a second time after last-minute changes were made to unemployment insurance payments to mollify moderate Democrats in the Senate, which passed their version March 6. Despite slight process delays in moving the bill, Democrats are set to beat their March 14 deadline to enact the legislation, the date when jobless begin to expire.
The legislation rivals the $2 trillion March 2020 Cares Act in size and scope and follows a $900 billion December relief package. After this bill, lawmakers plan to begin work on a longer-term economic recovery plan in coming weeks, aimed at job creation, infrastructure investment and development goals such as climate change.
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