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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
The Consolidated Appropriations Act, 2021 is a $2.3 trillion [1] spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.
The "American Rescue Plan” also includes $416 billion to help launch a national vaccination program with a goal of vaccinating 50 million people and reopening schools in his first 100 days.
The new $1.9 trillion ‘rescue plan’ introduced by President-elect Joe Biden includes an additional $1,400 in direct payment to Americans. Here's who gets one. ... $2,000 in cash relief to ...
Biden made passing his $1.9 trillion bill one of his top priorities. AP Photo/Evan VucciThe Biden administration and Congress are fast-tracking a US$1.9 trillion coronavirus package that includes ...
The American Rescue Plan is a $1.9 trillion economic stimulus package, which passed the 117th United States Congress on March 10, 2021, and signed into law by President Biden the next day. Building on the CARES Act, it created a number of measures to relieve the economy due to the COVID-19 pandemic, including the following:
UPDATE, 4:43 PM PT: President-elect Joe Biden outlined his massive, $1.9 trillion Covid-19 relief plan, pitching it as urgent for the country to recover from health and economic devastation caused ...