Who does the American Rescue Plan help?

[NRSKarenRN, BSN, RN]

H.R.1319 - American Rescue Plan Act of 2021  post Senate approved amendments,  will have final vote in the House tomorrow, gaveling in at 9AM ---fully expect its passage then onto White House for President Biden's signature.

 

https://mobile.Twitter.com/Bidenwonthnkgod/status/1368257479281360908/photo/1

 

ABS News 3/9/21

When to expect payments, other benefits from relief package

 

Quote

 

...The $1.9 trillion known as the “American Rescue Plan” is massive, both in size and scope. It includes direct payments to most Americans, aid to small businesses, financial help for schools and much more to help the country recover from the financial ravages of the pandemic.

RELIEF CHECKS

The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. Individuals earning up to $75,000 would get the full amount, as would married couples with incomes up to $150,000.

The size of the check would shrink for those making slightly more, with a hard cut-off at $80,000 for individuals and $160,000 for married couples.

Biden estimates that 85% of Americans will be eligible for the payment. Some groups that were not eligible for prior payments — such as dependent college students and disabled adults — are now eligible.

Biden said the goal is to send out the payments starting this month....

... UNEMPLOYMENT

Expanded unemployment benefits from the federal government would be extended through Sept. 6 at $300 a week. That’s on top of payments from state unemployment insurance program....

...TAX BREAKS

..Under current law, most taxpayers can reduce their federal income tax bill by up to $2,000 per child. The bill would increase the tax break to $3,000 for every child age 6 to 17 and $3,600 for every child under the age of 6....

...The aim is to deliver the money, which is an advance payment on the tax credit, in smaller monthly payments instead of one larger lump sum.

...Add in the $1,400 checks and other items in the proposal, and the legislation would reduce the number of children living in poverty by more than half, according to the Center on Poverty and Social Policy at Columbia University.

 

 

[Tweety, BSN, RN]

There is nothing in it for the wealthy 1% which is probably why Republicans opposed it.  However, even though I won't get anything myself (worked too much overtime last year).  I really can appreciate what it will do for people in need, as well as the overall economy and to my mutual funds.

My state stands to benefit as wages were are lower than other states, and the state will be using their package to help keep the state budget from facing major cuts to education and other programs.  

Like a lot of people I am cringing at the massive size and cost.  But if the variants don't cause further havoc things just might get better.

[NRSKarenRN, BSN, RN]

Bill passed today!

House Democrats passed the legislation on party-line vote of 220-211.    President Biden scheduled to sign on Friday.

Chef son called back to work starting next Tues. for Army Navy Soccer game 3/20 at Subaru Park  --postponed from last year.  He hopes he'll be needed for Philadelphia Union player meals afterwards. Otherwise will be tapping into extended unemployment this bill covers..

 

[NRSKarenRN, BSN, RN]

President Biden just signed H.R.1319 - American Rescue Plan Act of 2021  bill into law.