Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessHouse passes coronavirus stimulus bill with $1400 stimulus check payments

House passes coronavirus stimulus bill with $1400 stimulus check payments

Add to Favorite
Added to Favorite

 

Early Saturday morning, the House passed a $1.9 trillion coronavirus stimulus bill. This is first major legislation that has passed the House under Joe Biden’s presidency. It was passed along party lines, 219-212. All but one Democrat were in the ayes and all the Republicans were in the nays.

 

Some of the highlights of the stimulus bill include stimulus checks of $1400 for individuals who earn up to $75,000 and for $2,800 for couples who earn up to $150,000. An additional amount of $1400 will be given for each dependent. The total amount, along with the $600 payments in December adds up to the Democrats’ promise of $2000.

 

The House bill includes $350 billion as federal aid to states and localities. It has set aside $130 Million for reopening of schools, $25 billion to help restaurant services, $1.5 billion for Amtrak and $28 billion for transportation systems.

 

The stimulus bill has kept aside money to fight the coronavirus pandemic. Money will be provided to distribute and administer vaccines. Some of it will also be spent to encourage people to get vaccinated. Funds will also be set aside to trace the virus spread specially due to mutations in the coronavirus which have had higher transmission rates. Health insurance subsidies under the Affordable Care Act will also be increased.

 

 

The legislation expects to raise the minimum wage to $15 per hour throughout the nation. Parliamentarian Elizabeth MacDonough said that it is not possible to include the wage increase in the Senate version. The Democrats have to find another way to pass this particular legislation through tax incentives or through penalties.

 

President Biden, Senate Budget Committee Chairman Bernie Sanders, I-Vt. and Finance Committee Chairman Ron Wyden, D-Ore. are determined to get this minimum wage hike passed throughout the nation.

 

Wyden said, “We couldn’t get in the front door or the back door, so we’ll try to go in through the window.”

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

Veeva Systems Inc. (NYSE:VEEV) Stock Analysis: A Look into the Future

Jeff Garro from Stephens sets a price target of...

WTW (NASDAQ:WTW) Sees Price Target Increase to $382 by Jefferies

WTW Stock Price Target Raised by Jefferies - An...

Accenture (NYSE:ACN) Surpasses Earnings Expectations

Accenture's EPS of $3.59 exceeded the estimated $3.42, showcasing...

CarMax, Inc. (NYSE:KMX) Stock Upgrade by RBC Capital

RBC Capital upgraded CarMax, Inc. (NYSE:KMX) to "Outperform" with...