7% OF THE 1.9 TRILLION STIMULUS BILL GOES TO COVID TREATMENT
The Senate voted to advance the latest round of stimulus legislation, which now goes back to the House for final approval.
The $1.9 trillion legislation, known as the American Rescue Plan Act, would be the largest COVID aid package.
The first bill, passed in March 2020, was for $1.7 trillion and the second bill, which passed in December 2020, was for $915 billion.
The current legislation includes $410 billion in stimulus checks, delivering $1,400 for individuals making less than $75,000 annually and for married couples making less than $150,000 before phasing down.
The stimulus bill would provide $360 billion to state and local governments.
Weekly unemployment benefits were lowered to $300 and were extended through September 6, costing $246 billion.
Roughly 7% of the stimulus funding will be directed toward COVID-19 treatment.
The bill is expected to pass in the House this week before landing on the President’s desk.
The Right Facts will continue to monitor COVID aid packages.