Stimulus Package 2 Facts

The package sends 400 million to food banks and food pantries through the emergency food assistance program.

Stimulus package 2 facts. 7 things to know about the coronavirus stimulus package. Congressional lawmakers put the finishing touches on a 2 trillion stimulus bill to respond to the coronavirus pandemic with cash and assistance for regular americans main street businesses and. Adults and qualifying children are both eligible for up to 600 each with the second payment.

The deal was based on a 908 billion bipartisan proposal which initially left out so called stimulus checks focusing instead on providing jobless workers with an additional 300 in weekly. Finally the stimulus package also known as the american economic recovery and reinvestment act abolishes the hard fought welfare reforms of the mid 1990 s and establishes new welfare spending. The legislation needs to go back to the house for approval and then to the president s desk to be signed.

According to robert rector and katherine bradley of the heritage foundation prior to 1996 the amount of welfare money received by the states from the federal government was based on the number of people on the welfare rolls. The cares act is an economic stimulus package designed to help americans affected by covid 19. One of the biggest features to come with this new relief package is a second round of stimulus checks worth 600 each for qualifying americans.

It consists of more than 800 pages detailing how it plans to stimulate the economy and help americans cope with the changes ravaging the country. The senate has passed the coronavirus aid relief and economic security act or the cares act a 2 trillion stimulus package which includes stimulus for large and small businesses and for families. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises.

It also provides 175 million for nutrition services for seniors such as meals on. Stimulus package allocates more than 2 trillion to different groups in society including.