On Sunday and after several days of delay, President Trump signed the second economic aid package for families affected by the pandemic, including direct checks for $ 600. The lower house plans to vote on an increase to $ 2,000.
Under pressure from lawmakers from all over and almost a week late, the president Donald Trump It finally ratified the new bailout plan for the U.S. economy on Sunday, the White House announced, expanding its benefits to millions of citizens fighting the pandemic and crisis.
The package, which “provides coronavirus relief and relief”, with a budget of $ 900,000 million, is part of broader legislation that, with Trump’s signature, it will avoid the government shutdown or “shutdown” starting Tuesday.
“I sign this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money to the corporate credit program, put our airline workers back to work, add substantially more money for vaccine distribution, and much more, ” the president said in a statement from his hometown in Mar-a-Lago, Florida, where he spends the Christmas vacation.
The change came after a day marked by calls from all political fields to prevent social and economic disaster, especially for the most vulnerable population.
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Two federal unemployment benefit programs, approved in March as part of the initial crisis response plan due to the coronavirus pandemic, expired at midnight on Saturday, leaving 12 million Americans out, according to the group’s estimate. think tank The Century Foundation.
The stimulus package, approved by Congress on Dec. 21, extends those scholarships, as well as others that expire in the coming days.
How Much Money Does Each Family Get?
The new economic aid package includes sending direct checks to every family of Americans for $ 600. However, the Low camera, led by the Democrats, plans to vote on an increase in the check from $ 600 to $ 2,000, which Republicans oppose because it would skyrocket the budget deficit, but that Trump demanded to sign the package on Sunday. to put incentives and federal spending law.
The new package extends federal aid for the unemployed through mid-March, providing guaranteed loans and billions of dollars in aid to small businesses, restaurants, hotels, airlines and other businesses.
It also extends moratoriums on evictions for people unable to pay their rent, suspends foreclosure sales, and makes funds available for the distribution of covid-19 vaccines.
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This help is essential for the world’s largest economy, which is being hit hard by the restrictions adopted to stop the spread of the coronavirus.
“I applaud the president’s decision to divert billions of dollars in crucial Covid-19 aid into the hands of American families,” tweeted Mitch McConnell, Republican Senate leader.
Democratic Speaker of the United States House of Representatives, Nancy Pelosi, called the bill “a taste of what it takes to destroy the virus, put money in Americans’ pockets, and honor our heroes.”
“We need to take more action soon,” he added in a tweet.
Who receives the check for financial deductions?
All families who billed up to $ 75,000 per adult per year during the last tax cycle. The most moderate-income families will receive an additional $ 600 for each child they care for.
Those who individually billed more than $ 99,000 last year are exempt.
Undocumented immigrants filing taxes will also receive the check like those who have a Social Security card, but their minor children, a spouse who is not working, or a person with a disability must have a Social Security number to benefit.