The Damage Report
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COVID Bill PASSES What You Need To Know
Posted
March 8, 2021
Views
15,814
Likes
755
Comments
80
Engagement
5.28%
March 8, 2021
15,814
755
80
5.28%
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3:46Now PlayingThe COVID relief bill passed. Here's what you need to know. John Iadarola and Francesca Fiorentini break it down on The Damage Report.
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"President Biden’s stimulus package, which passed the Senate on Saturday, represents one of the most generous expansions of aid to the poor in recent history, while also showering thousands or, in some cases, tens of thousands of dollars on Americans families navigating the coronavirus pandemic.
The roughly $1.9 trillion American Rescue Plan, which only Democrats supported, spends most of the money on low-income and middle-class Americans and state and local governments, with very little funding going toward companies. The plan is one of the largest federal responses to a downturn Congress has enacted and economists estimate it will boost growth this year to the highest level in decades and reduce the number of Americans living in poverty by a third."
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