What was included in the 900 billion stimulus bill?

June 7, 2019 Off By idswater

What was included in the 900 billion stimulus bill?

The $900 billion coronavirus relief portion of the bill includes $600 stimulus checks, extends two federal unemployment programs, provides an additional $300 in weekly jobless benefits, and adds another round of the Paycheck Protection Program (PPP) for small businesses.

Is the new stimulus bill good or bad?

After months of destructive wrangling Congress agreed on a new pandemic relief bill. It’s flawed. It botched unemployment aid and the new round of checks for individuals, and it contains tens of billions of dollars in pork spending. In this episode of What’s Ahead we discuss how it does provide needed additional assistance for small businesses.

Who was president when the stimulus was enacted?

But this is not a true stimulus measure. A real one would have contained big personal and business tax cuts like those enacted by Presidents John Kennedy and Ronald Reagan. Follow me on Twitter .

What are the benefits of the US stimulus?

It helps craft brewers, distilleries and wineries by keeping them from getting hit with big tax increases at year’s end. It helps beleaguered restaurants by permitting businesses to deduct meals. Certain industries, such as airlines, get direct grants to stay aloft.

How much did the stimulus bill give us?

This is noble stuff, but a) Beijing doesn’t care and b) this was part of a $900 billion COVID-19 relief bill tacked on to a $1.4 trillion government funding deal. But don’t worry — you’ll be getting your $600 stimulus check.

What was included in the$ 900B stimulus package?

That includes $15 billion to help airlines maintain their payrolls, $14 billion for mass transit, $10 billion for state highways, $2 billion for airports and $1 billion for Amtrak. State and local governments now have until Dec. 31, 2021 to spend aid provided by the CARES Act.

Is there$ 700 million in the stimulus bill for Sudan?

And $700 million for Sudan, I’m sure you’ll be relieved to know: $700,000,000 to Sudan in this stimulus Bill. Not kidding. This is what our politicians think of you. pic.twitter.com/ewAZwxr8wA

Why did Congress pass the 900 billion relief bill?

It is clear and blatant that U.S. bureaucrats have added a great amount of pork-barrel funding into the relief bill. But most politicians in America are acting like they scrambled to pass the $900 billion relief package in an effort to address economic hardships.