COVID $1.9 trillion relief bill calculator: How much might you receive?
Mar 11 2021
"This legislation is about giving the backbone of this nation - the essential workers, the working people who built this country, the people who keep this country going - a fighting chance", the president said in a post-vote statement. That is up from a maximum benefit of $2,000 under the current policy. "I haven't voted on a flawless bill since I've been in Congress", Democratic U.S. Rep. Angie Craig said in an interview shortly before the vote. "This plan gives those families who are struggling the most the help and the breathing room they need to get through this moment".
The IRS is expected to begin issuing the payments this month. No Republicans in the House or in the Senate, which approved it 50-49 on Saturday, voted for the bill. However, this led to the $15 federal minimum wage increase being removed from the bill since not all Democrats agreed on it. The Minnesota Democrat said in a statement before the vote that "the Senate bill scaled back eligibility for unemployment benefits and reduced thresholds for payments, cutting off thousands of Minnesotans".
The next group to receive stimulus payments will be taxpayers who did not give direct-deposit information but whose payment information is available to the IRS from other federal programs.
The vote on that bill, which includes the checks for most American households, is set for Wednesday. Majority Leader Chuck Schumer said. "If this bill was about direct payments to people and putting shots in the arms and vaccines, you would have strong bipartisan support across this Congress, across this country", he told NPR.
Democrats counter that a broader approach to the economic crisis, with sweeping plans to address poverty, is in fact what the country needs - and what they say their constituents want.
As a matter of fact, despite a $892 billion in pandemic stimulus bill passed in the US Senate late in December, President Biden had proposed another $1.9 trillion in additional pandemic relief aid earlier this year citing a lavishly languishing US economy alongside a near-stagnant US labour market. It also increased the child tax credit from $3,000 per child to $3,600 per child, which will be initially distributed via monthly payments. Polls this week are showing widespread support for the bill, even among Republicans who are not members of Congress. Republicans have been hurt by this COVID-19 pandemic as much as anyone else.
Congressional projections released this week show Minnesota is estimated to get close to $4.9 billion from the legislation's state and local aid portion.
The relief package is the first under the Biden administration.