The $2.2 Trillion Stimulus Bill

[dan_s]

The Fed’s actions are happening alongside a fiscal cannon, with plans released by Congress for some $2 trillion in new stimulus. Some highlights from the Senate bill include:

Providing Americans with incomes up to $75,000 ($150,000 for married couples) a check for $1,200, with an additional $500 per child. For each $100 of income above the thresholds, the check will be pared by $5.

Broad expansion in unemployment benefits, which would extend to gig workers and freelancers, and increase monthly payments by $600.

$350 billion in loans to small businesses to cover payroll expenses, rent, and debt relief on existing loans.

$500 billion towards backstopping Federal Reserve loans to corporations (see above).

Create new grant program to send $100 billion to health-care providers, with $16 billion for stockpiling medical equipment and protective gear.
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One of my mothers favorite lines was "If money can solve your problem, you don't have a problem." I hope she's right (God rest her soul).