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1.9 Trillion Stimulus Package Breakdown

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American Rescue Plan Act Funding Breakdown

US House passes $1.9 trillion stimulus package

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion package, based on President Bidens American Rescue Plan, is intended to combat the COVID-19 pandemic, including the public health and economic impacts.

Below is an interactive tool that helps navigate the roughly $1.5 trillion in county related funding from the American Rescue Plan Act of 2021. Programs that may provide counties with additional funding are denoted as county eligible. As federal guidance for the various new and existing programs are released, this information will be updated.

Direct Federal Aid to Counties | $65.1 Billion

In a major victory for America’s counties, the legislation includes $65.1 billion in direct, flexible aid to every county in America. These direct funds are allocated based on the county share of the U.S. population. Counties that are Community Development Block Grant recipients will receive the larger of the population-based share or the share under a modified CDBG allocation formula.

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  • Investments And Support For Public Health And Care

    Estimated Support For Public Health And Care: $146.8 Billion

    Percentage Of Stimulus Bill:8.04%

    Almost 8% of the American Rescue Plan stimulus package will go towards public health and care initiatives. Of which, nearly $66 billion will go towards testing and the vaccination program , with a further $27.9 billion being spent on Medicaid and other insurance support.

    In addition to the COVID and insurance response, $16.7 billion will be spent increasing the health care workforce and on improved facilities, close to $10 billion will also be spent on additional PPE and other emergency medical supplies.

    American Rescue Plan Act Of 2021

    American Rescue Plan Act of 2021

    Long title
    COVID-19 Stimulus Package, American Rescue Plan
    Enacted by
    • Committee consideration by House Budget
    • Passed the House on February 27, 2021
    • Passed the Senate on March 6, 2021 with amendment
    • House agreed to Senate amendment on March 10, 2021
    • Signed into law by President Joe Biden on March 11, 2021

    The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, Pub.L. 1172 , is a US$1.9 trillioneconomic stimulus bill passed by the 117th United States Congress and signed into law by PresidentJoe Biden on March 11, 2021, to speed up the country’s recovery from the economic and health effects of the COVID-19 pandemic and the ongoing recession. First proposed on January 14, 2021, the package builds upon many of the measures in the CARES Act from March 2020 and in the Consolidated Appropriations Act, 2021, from December.

    Also Check: Track My Golden State Stimulus

    Investment And Support For Individuals

    Estimated Support For Individuals: $886.8 Billion

    Percentage Of Stimulus Bill:48.57%

    Nearly half of the American Rescue Plan is set to be spent supporting individuals by the way of stimulus checks, unemployment support, tax credits, and housing aid.

    The majority of this area of the bill will go towards the $1,400 stimulus checks, for those eligible, at a total estimated cost of $403.7 billion. Aimed at helping those in need afford their housing payments, debts, and other living costs, the checks are urgently needed by 47% of respondents to our recent survey.

    Under the investment and support for individuals section of the plan, tax credits will be expanded and increased, at a cost of $144.9 billion. While unemployment checks will be supported and extended until September. The total bill for the unemployment support, across the range of activities, comes to a total of $205.8 billion.

    A further $46.8 billion will be provided to help those in housing distress. With the key fund being $21.6 billion in rental assistance, nearly $10 billion in homeowner assistance, and $5 billion in support and care for the homeless.

    Where Will People Spend The Third Stimulus Check

    Whats In The $1.9 Trillion Stimulus Package? [Infographic]

    For those eligible to receive some of the $403 billion assigned to checks in the American Rescue Plan, we wanted to see just how people would spend their $1,400 stimulus check, in a similar way to how we investigated how people used the first stimulus checks.

    Our data found that 32.6% would put the money towards paying off debts, with 28.3% using the money to pay for their utilities, and 28.1% to keep food on the table.

    19.3% of respondents said they intended to put their money towards paying their rent, with 12.9% saying theyâd use the money to help keep up with mortgage payments. In total 32.1% of respondents said theyâd put their money into paying for their home.

    The top ten areas people intend to spend their stimulus check:

  • Pay off debt – 32.6%
  • Invest in stocks and shares – 16.7%
  • Buy personal care items – 16.1%
  • Pay for health insurance and/or medication and treatment – 11.6%
  • Buy clothes – 11.2%
  • Put towards a deposit for a new home – 7.3%
  • *Housing answers combined. 12.9% would pay their mortgage, 19.3% would pay their rent.

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    Biden Unveils $19 Trillion Plan To Revive Pandemic

    Joe Biden has announced a massive coronavirus relief package to kickoff his term. The proposal, the first of his “two-step plan”, will build on the previous stimulus legislation passed by the US Congress in 2020.

    Joe Biden’s coronavirus relief proposal is called the American Rescue Plan.

    US President-elect Joe Biden announced a $1.9 trillion stimulus package on Thursday to revitalize a flagging economy and speed up the nation’s response to the coronavirus pandemic.

    Biden laid out the first of his “two-step plan of rescue and recovery” in a prime-time address.

    “Tonight, I lay out my first step, the American Rescue Plan that will tackle the pandemic and get direct financial assistance and relief to Americans who need it the most,” he said.

    “Next month, in my first appearance before a joint session of Congress I will lay out my ‘build back better’ recovery plan,” Biden said on Thursday. “It will make historic investments in infrastructure, manufacturing, innovation, and research and development in clean energy.”

    “Our ‘rescue and recovery’ plan is a path forward with both serious of purpose and a clear plan, with transparency and accountability, with a call for unity that is equally necessary,” he said.

    The president-elect also justified the huge price tag of his proposal during his speech.

    The spending proposal will build on the two massive relief packages approved by Congress in 2020.

    Countries start rolling out coronavirus vaccine

    State And Local Government

    The American Rescue Plan includes $350 billion in aid to states, cities, tribal governments, and U.S. territories. These funds are designated to help replace lost tax revenue due to the pandemic. Analysis by The Washington Post found that a majority of states experienced revenue declines between December 2019 and December 2020.

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    An Expanded Earned Income Tax Credit

    The earned income tax credit is commonly claimed by lower-income workers, but there are strict eligibility limits. The stimulus legislation expands eligibility by allowing workers as young as 19 to claim the credit even if they have no children. Currently, the minimum age for childless workers is 25. Also, there’s an upper age limit under current law that the stimulus legislation eliminates. The current maximum earned income tax credit for childless individuals is tripled under the proposal.

    What’s In The $19 Trillion House Covid Relief Bill

    Dems clear path for $1.9 trillion stimulus package

    The House of Representatives is currently in the process of considering the next COVID relief bill. Nine of the 12 House committees have approved legislation. Below, we summarize the major elements of the $1.9 trillion plan.

    This legislation is largely similar to President Biden’s “American Rescue Plan.” It contains a third round of stimulus checks, extension of enhanced unemployment benefits, additional tax credits for families and workers, funding for K-12 education, and support for state and local governments. Smaller, but-significant, expenditures include funds for COVID testing and vaccines, grants to small businesses, support for child care providers, assistance for colleges, and rental and homelessness assistance.

    A few differences exist: the House plan shortens the unemployment extension by one month and adds grants to multiemployer pensions. It also earmarks some of the small business aid for restaurants, provides grants to airlines and airports, and contains more targeted expansions to Medicaid, but does not contain cybersecurity funding.

    Policy
    $1.927 trillion

    *The total removes $14 billion from COBRA subsidies and funding for LIHEAP that are shared between two committees and would be double-counted if summing each committee’s total.

    Committee

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    Congress Passes $19t Covid Relief Bill With $1400 Checks In Major Win For Biden

    WASHINGTON The House gave final passage Wednesday to a $1.9 trillion Covid-19 relief package that will deliver $1,400 stimulus checks to millions of Americans, extend enhanced unemployment benefits and boost funding to ramp up vaccine distribution and reopen schools.

    The 220-211 vote sends the legislation to President Joe Biden’ for his signature, securing him his first legislative victory since he took office less than two months ago.

    Biden will sign the bill Friday, White House press secretary Jen Psaki said.

    The Senate passed the bill in a 50-49 vote Saturday after making changes to the original version passed by the House, including lowering unemployment benefits and reducing the number of people who will receive stimulus checks.

    Whats In The $19 Trillion American Rescue Plan

    A Breakdown of Congresss Latest Relief Package

    On March 11, 2020, President Biden signed a third major stimulus package into law, providing much-needed relief to the millions of struggling American families, businesses, as well as state and local governments. Called the American Rescue Plan , the $1.9 trillion stimulus package provides a third round of direct payments to qualifying individuals and families, extends and replenishes funding for important jobless benefits enacted under the CARES Act last yearincluding Federal Pandemic Unemployment Compensation and Pandemic Unemployment Assistance and bolsters aid for sole proprietors and small businesses through the Paycheck Protection Program .

    Below is a breakdown of the key provisions of the new package that authors should be aware of. As always, we will continue to update the COVID-19 Resources page on our website with more information about these programs in the coming days as new information becomes available.

    Read Also: Will There Be A Stimulus Check In August

    Biden Says Stimulus Checks Are Going To Be $1400 Period

    Speaking from the White House Biden reiterated his plan to send out another round of stimulus checks saying Im not cutting the size of the checks. Theyre going to be $1,400, period. However he did offer a concession to moderates in both parties to garner support for his coronavirus aid package saying he favored restricting the direct payments to those who need them most. we need to target that money so folks making $300,000 dont get any windfall.

    So is the Biden plan too big? We need to be clear about what it’s for. IT’S NOT STIMULUS. This isn’t at all like the ARRA, which was all about boosting demand this is disaster relief. Or maybe it will help if we think of it as being like fighting a war against Covid fallout 1/

    Paul Krugman

    The House Approved The American Rescue Plan On Wednesday Sending The Sprawling Package To President Bidens Desk

    British Pound Latest

    The House passed a $1.9 trillion stimulus plan Wednesday, marking a major Democratic legislative victory aimed at boosting the economy and ending the pandemic.

    The vast relief package, known as the American Rescue Plan, was approved on a 220-to-211 vote almost entirely along party lines. President Biden is expected to sign the legislation Friday.

    The legislation will send $1,400 checks to most Americans, extend unemployment insurance and allocate billions of dollars for coronavirus testing. It is among the largest economic stimulus packages in U.S. history.

    Heres a rundown of the American Rescue Plan:

    Also Check: When Will Third Stimulus Check Come

    What Didn’t Make It: $15 Minimum Wage

    President Joe Biden’s initial plan called for increasing the national minimum wage to $15 per hour by 2025, more than doubling the current rate and increasing wages for an estimated 27 million workers. But the controversial proposal lacked support among key moderate Democrats in the Senate.

    Last month, the Senate parliamentarian ordered the wage rise be removed from the bill. She said it did not meet the guidelines necessary to be included under the budget process Democrats plan to use to advance the aid package.

    AZ: In the end, it was the Senate parliamentarian who killed the minimum wage increase, ruling that it would take 60 votes to pass. At the moment, just isn’t that kind of support in the Senate for a $15 wage – or among Democrats to overrule the parliamentarian – but the door is still open to a compromise on a lower minimum outside of the Covid relief package.

    Republican support: 1/5

    What Does The Plan Include

    • Stimulus payment checks for $1,400 topping up the $600 checks issued under the most recent COVID-19 bill
    • Raises the minimum wage to $15 an hour
    • $350 billion in funding to state and local governments a proposal that Republican lawmakers had blocked all last year
    • $160 billion for a national COVID-19 vaccination campaign
    • About $440 billion for small businesses and communities particularly hard hit by the pandemic
    • $170 billion for schools, with the goal of getting most institutions serving kindergarten through eighth grade open in the first 100 days of his administration
    • Increases supplemental unemployment insurance to $400 a week from the current $300 a week now also extending it through September
    • Extends moratoriums on foreclosures and evictions until September and funding rental
    • Provides $30 billion in rental and utility assistance for families

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    More Help With Health Insurance

    Under The Affordable Care Act, Americans with incomes up to 400% of the poverty level are eligible for insurance subsidies. The stimulus legislation expands these limits and makes funding available to more families. It also reduces the maximum that individuals have to pay for coverage from 10% of income to 8.5%. Lower-income Americans and the unemployed would get extra subsidies to reduce premiums to $0.

    Workers who opt for COBRA coverage after a layoff also get help covering premiums. They would be required to pay just 15% of the cost through September.

    Here’s How Democrats Will Pay For It

    What the $1.9 trillion stimulus package could mean for the market

    fracturedwell-off Americans Sen. Kyrsten Sinema of Arizonabillionaire taxsuper-wealthya tax cut in 2022Corporate taxes: corporate stock buybacksTaxes on the rich:IRS enforcement: IRS enforcementarguing for weeks thatMedicare drug negotiation:a deal was reached in the SenateDrug rebate rule:blocking the implementationTrump administration regulation

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    Other Investments And Support

    Estimated Support For Other Areas: $14.2 Billion

    Percentage Of Stimulus Bill:0.78%

    A further $14.2 billion had been put aside for international affairs , environment & public works , and science & technology . These investments and supports are aimed at helping other nations, ensuring the environmental projects can go ahead and deal with some of the pollution and waste that is expected as a result of countering COVID-19 .

    The Federal Government Spent $66 Trillion In Fiscal Year 2020

    Many Americans are struggling to make ends meet as the pandemic continues to impact the economy. Thirty-five percent of households reported having difficulty paying for usual expenses in the most Census Household Pulse Survey. The American Rescue Plan Act contains several provisions to stay accountable to hurting Americans, including $3 million to the Department of Commerces Inspector General for oversight, $40 million to the Pandemic Response Accountability Committee, and $77 million to the Government Accountability Office. Over the coming months, check the indicators on how the nation is fairing at the COVID-19 Impact and Recovery Hub.

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    Biden’s Covid Stimulus Plan: It Costs $19tn But What’s In It

    The US is poised to pass its third major spending package of the pandemic – a $1.9tn plan that President Joe Biden has championed as a way to help struggling Americans.

    Leaders of his Democratic Party, which has a slim majority in Congress, are planning to pass the so-called American Rescue Plan by mid-March. The Senate approved it on Saturday, with the lower House of Representatives expected to endorse it next week.

    Republicans say the plan is unnecessarily large and stuffed with Democratic priorities unrelated to the pandemic.

    But Mr Biden and his team maintain the US must “act big” and that the extra cash is being spent on those most affected by the crisis – the poor, minorities and women.

    Democrats on Thursday saw their push for a minimum wage hike thrown into question after a Senate arbiter ruled it must be removed from the Covid package.

    Here are some of the key elements, with analysis by BBC correspondent Anthony Zurcher who ranks how much each component has support from Republicans .

    Whats In The Original $19 Trillion American Rescue Plan Act

    Covid Relief Bill Breakdown $1.9 Trillion : Biden unveils $1.9 trillion ...

    This new bill focuses on different areas of spending than the CARES Act. Over 60% of the CARES Act funding supported four major focuses: $500 billion to support businesses through the Treasury, $350 billion to support small businesses through the Paycheck Protection Program and other initiatives, $300 billion for stimulus checks, and $250 billion for unemployment insurance.

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    Direct Payments Of $1400

    This third stimulus check fulfills Joe Biden’s promise to put $2,000 into Americans’ bank accounts — the $1,400 combines with the $600 delivered by stimulus legislation President Trump signed into law in December.

    The $1,400 goes to eligible adults as well as dependents, including adult dependents. The income limits on receiving the full check mirror those in past stimulus bills: Individuals with incomes up to $75,000 and married couples with incomes up to $150,000 receive the full payment.

    Phase-out rules for eligibility are different: Individuals with incomes of $100,000 or more receive no payments, and the cutoff for couples is $200,000. These new limits address concerns from Republicans and conservative Democrats, including Maine Republican Susan Collins and West Virginia Democrat Joe Manchin. These lawmakers argued that relief should be targeted toward lower-income households, and pointed out that Americans with six-figure incomes could receive stimulus money under the old phase-out rules.

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