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President Biden said on Saturday that the Senate’s passage of its $ 1.9 trillion COVID relief package means direct payments of $ 1,400 for most Americans could begin later this month.
Driving the news: The Senate voted 50-49 on Saturday to approve the radical legislation. The House is expected to pass the Senate version of the bill next week before heading to Biden’s office for his signature.
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The big picture: Under the law, people earning less than $ 75,000 or heads of households earning up to $ 112,500 will be entitled to payments of $ 1,400. Couples who earn less than $ 150,000 will receive $ 2,800.
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People earning between $ 75,000 and $ 80,000 and couples earning between $ 150,000 and $ 160,000 will receive a reduced payment.
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Eligible parents will receive an additional $ 1,400 for each child claimed on their most recent tax return.
What he says: “Everything in this package is designed to alleviate suffering and address the nation’s most urgent needs and put us in a better position to prevail, ”Biden said after the bill passed on Saturday.
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“This plan will pass the checks, starting this month, to Americans who desperately need help,” he added.
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“Resources from this plan will be used to expand and accelerate vaccine manufacturing and distribution so that we can get every American immunized as soon as possible.”
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“I promised the American people that help was on the way. Today, I can say that we have taken one step further to keep that promise.”
The bottom line: “This plan puts us on track to beat the virus. This plan gives families struggling the most help and leeway to get through this moment. This plan gives small businesses in this country a chance to survive.” said Biden mentioned.
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