On Sunday and after several days of delay, President Trump signed the second economic relief package for families affected by the pandemic, which includes direct checks for $ 600. The lower house plans to vote on an increase to $ 2,000.
Pressed by lawmakers from all walks of life and almost a week behind, the president Donald Trump finally ratified on Sunday the new aid plan for the US economy, the White House announced, extending the benefits to millions of citizens battling the pandemic and crisis.
The package, which “provides emergency response to coronavirus and relief,” with a $ 900 billion endowment, is part of broader legislation that, with Trump’s signature, he will avoid government shutdown or “shutdown” starting Tuesday.
“I sign this bill to restore unemployment benefits, curb evictions, provide rental assistance, add funds to the corporate loan program, get our airline employees back to work, add substantially more money for the distribution of vaccines, and much more, “the president said in a statement from his Sea-to-Lake residence in Florida, where he is spending the Christmas holidays.
The change came after a day marked by calls from all political camps to avert a social and economic disaster, especially for the most vulnerable population.
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Two federal programs that included benefits for the unemployed, approved in March as part of the initial plan to help with the crisis caused by the coronavirus pandemic, expired at midnight on Saturday, leaving out 12 million Americans. , according to the estimate of the progressive think tank The Century Foundation.
The stimulus package, approved by Congress on December 21, must extend these grants, as well as others that have expired in the coming days.
How much money will each family receive?
The new economy relief package includes sending direct checks to every American family for $ 600. lower chamber, Led by Democrats, plans to put to the vote an increase in checks from $ 600 to $ 2,000, which Republicans oppose considering it will shoot the budget deficit, but which Trump demanded to stamp his rubric Sunday in the package of ‘stimulus and federal spending law.
The new package extends federal aid to the unemployed until mid-March and provides secured loans and billions of dollars in aid to small businesses, restaurants, hotels, airlines and other airlines.
It also extends moratoriums on evictions for people who cannot pay their rent, suspends foreclosures, and provides funds for the distribution of covid-19 vaccines.
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This aid is essential for the world’s largest economy, hit hard by the restrictions taken to fight the spread of the coronavirus.
“I applaud the president’s decision to bring billions of dollars of crucial relief for covid-19 out the door into the hands of American families,” tweeted Republican Senate leader Mitch McConnell.
Democratic House Speaker Nancy Pelosi called the bill “an advance on what it takes to crush the virus, put money in Americans’ pockets, and honor our heroes.”
“We need to take more action quickly,” he added in a tweet.
Who will receive the economic relief check?
All families who during the last tax cycle have billed up to $ 75,000 per adult per year. More moderate-income families will receive up to $ 600 extra for each child in their care.
Those who individually billed more than $ 99,000 last year are exempt.
Undocumented immigrants who file taxes will also receive the check as someone who has a social security card, however their minor children, unemployed couple, or person with a disability must have a social security number to be eligible. .