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January 14, 2021: President-elect Biden announces details for a new $1.9 trillion COVID-19 relief package that will raise $600 stimulus payments up to $2,000 for millions of Americans.
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.
President-elect Joe Biden announced this week that when he takes office on January 20, 2021, he wants to roll out the American Rescue Plan, a $1.9 trillion stimulus package to help offset the ...
President-Elect Joe Biden unveiled a $1.9 trillion stimulus package that includes direct payments to Americans, a $15 minimum wage, aid to small businesses, and a national vaccination program ...
The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save ...
The Child Tax Credit for 2021 was extended as part of the American Rescue Plan stimulus relief bill based on 2019 and 2020 tax returns. This means that your status in 2019 or 2020 determines the...
Biden's first major legislative response was the American Rescue Plan Act enacted in March 2021, a $1.9 trillion package that included $1,400 checks per adult, an expanded child tax credit for a year with $250–300 monthly checks per child expected to drastically reduce child poverty, extended unemployment benefits, and expanded eligibility ...
The tax credit included in President Joe Biden’s $1.9 trillion stimulus proposal would be increased for one year. But lawmakers want to make the increased amount permanent and also send monthly ...