What's inside the $1.9T COVID-19 bill passed by Congress

What's inside the $1.9T COVID-19 bill passed by Congress

SeattlePI.com

Published

WASHINGTON (AP) — The House approved a sweeping pandemic relief package over Republican opposition on Wednesday, sending it to President Joe Biden to be signed into law. The milestone political victory would provide $1,400 checks for most Americans and direct billions of dollars to schools, state and local governments, and businesses.

Democrats said their “American Rescue Plan” would help the country defeat the virus and nurse the economy back to health. Republicans criticized the $1.9 trillion package as more expensive than necessary and they complain it inflates the national debt and sends money to projects not directly tied to the pandemic. The measure follows five earlier virus bills totaling about $4 trillion that Congress has enacted since last spring.

A look at some highlights of the legislation:

AID TO THE UNEMPLOYED

Expanded unemployment benefits from the federal government would be extended through Sept. 6 at $300 a week. That’s on top of what beneficiaries are getting through their state unemployment insurance program. The first $10,200 of jobless benefits accrued in 2020 would be non-taxable for households with incomes under $150,000.

Additionally, the measure provides a 100% subsidy of COBRA health insurance premiums to ensure that laid-off workers can remain on their employer health plans at no cost through the end of September.

MORE CHECKS

The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. Individuals earning up to $75,000 would get the full amount, as would married couples with incomes up to $150,000.

The size of the check would shrink for those making slightly more, with a hard cut-off at $80,000 for individuals and $160,000 for married...

Full Article