What Is in the Third Covid-19 Stimulus Package?

3/10/21
 
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from The Gray Area:
3/10/21:

The Democrat House passed the revised $1.9T COVID relief bill today. The bill, known as the American Rescue Plan Act, passed by a vote of 220 to 211. One Democrat — Representative Jared Golden of Maine — joined all Republicans in voting against the measure.

The truth is this bill could have provided relief to those who need it for about $800M. The other $1T is simply money to bail out Democrat states and cities and other special interests. Classic big government, political spending.

The bill will includes: $350 billion to bail out state and local governments. The Heritage Foundation has pointed out Congress has already provided state and local aid 16 times more than 2020 revenue losses and twice as much as the expected 2020 and 2021 combined losses. $130 billion for K-12 school funding without requiring those schools to be open. Another round of stimulus checks, higher supplemental federal unemployment assistance, and an expansion of the child tax credit. These provisions constitute the majority of the package’s $1.9 trillion price tag.

… when it comes to the political impact of the COVID package, “the devil’s in the details.” Fabrizio argued that “only 10, 11% of the money actually goes to fighting COVID.

Apparently the Democrats & Republicans plan to make this a 2022 midterm campaign issue.

from The Wall Street Journal,
3/10/21:

A look at the Senate bill, which now goes back to the House for final approval before likely landing on President Biden’s desk for his signature

The Democrat-controlled House voted to advance the latest coronavirus relief bill and sent it to President Biden for his signature on Friday.

The $1.9 trillion legislation known as the American Rescue Plan Act includes a range of measures, from stimulus checks to child tax credits, jobless benefits, vaccine-distribution funds, healthcare subsidies and restaurant aid. This deal would be the largest aid package to pass since widespread restrictions tied to the coronavirus pandemic began in March 2020.

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