Congress painstakingly approved a more than $900 billion stimulus package to keep Americans afloat during the coronavirus pandemic. Aside from a $600 one-time payment (will it be $2,000), there are other things in the bill you may want to know about.
We’re going to show you what’s in ihe stimulus package for you.
Although a first wave of payments in April 2020 came and went, millions of Americans are still hurting financially and need monetary aid.
Here Are The Stimulus Package Details
A co-author of the $908 billion package, Sen. Joe Manchin, D-West Virginia, told the media in early December that lawmakers were close to approving a $600 stimulus to Americans in need. But there was much debate over certain add-ons that President Trump wanted inside the bill, including spending for a border wall.
Many critics have slammed the $600 stimulus as a slap in the face, but others are grateful for any paltry sum.
Here is what the stimulus package includes:
- $600 direct payment to most Americans
- $300 additional pay for unemployment benefits
- Reopening of the Small Business Loan Program
- Moratorium extension of eviction protection
- Aid for nutrition assistance
- Aid for child care and schools
“We made major headway toward hammering out a bipartisan relief package,” said Senate Majority Leader Mitch McConnell, R-Kentucky, told reporters.
With many workers still preparing for layoffs, lawmakers are poised to approve more stimulus money down the road in 2021.
Up Next: How To Track Your Stimulus Money
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