Trump to sign $2 trillion coronavirus stimulus bill after House, Senate pass it

(USA Features) President Donald Trump will sign a $2 trillion coronavirus relief bill Friday afternoon after the House and Senate passed the measure, providing a wealth of assistance to American families, businesses and entire industries economically disrupted by the outbreak.

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) is the largest stimulus package in modern American history.

Both Democratic and Republican leaders said they supported the bill. The measure originated in the House but underwent changes in the Senate before the upper chamber unanimously approved it on Wednesday.

Trump on Thursday told reporters that he was “profoundly grateful that both parties came together to provide relief for American workers and families in this hour of need,” highlighting a number of aspects of the legislation.

The unprecedented $2.2 trillion package stretches across 880 pages and includes one-time payments of $1,200 to any American making less than $75,000 a year and $2,400 to married couples making up to $150,000. Parents will receive $500 per child.

Individuals or couples making over the limits will still get money, but payments will be reduced by $5 for each $100 over the threshold they make.

Free Pro-Trump Flags Are Back In Stock -- GET YOURS! Click here!

Critics said that the massive bill also contains billions of dollars for non-virus-related expenditures like $11 billion for three international development groups: the African Development Fund, the African Development Bank, and the International Development Association; $75 million for the National Foundation on the Arts and the Humanities; $75 million for the National Endowment for Humanities; and $25 million for the J.F. Kennedy Center for the Performing Arts.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.