The $1.9 trillion package is now law. While the sum is huge, elements which are not included are key to understanding whether the stimulus will result in sustainable growth or a surge in inflation. The generous program has a number of provisions to help reduce suffering by unemployed and low-wage workers. Much discussed is the one-time $1,400 checks for individuals earning less than $75,000 per year — $2,800 for couples earning up to $150,000. Another key component is the extension of the $300 per week supplemental unemployment benefit through September 6, with the first $10,200 of the jobless benefits being tax-free.
$1.9 Trillion: What's Not There
$1.9 Trillion: What's Not There
$1.9 Trillion: What's Not There
The $1.9 trillion package is now law. While the sum is huge, elements which are not included are key to understanding whether the stimulus will result in sustainable growth or a surge in inflation. The generous program has a number of provisions to help reduce suffering by unemployed and low-wage workers. Much discussed is the one-time $1,400 checks for individuals earning less than $75,000 per year — $2,800 for couples earning up to $150,000. Another key component is the extension of the $300 per week supplemental unemployment benefit through September 6, with the first $10,200 of the jobless benefits being tax-free.