$1,400 Stimulus PASSED by House! [Details & Next Steps].

hey everyone meet kevin here the house

of representatives just passed the 1.9

trillion dollar stimulus package known

as hr1319

the american rescue plan the stimulus

package was passed by a vote of 219 to

212 shortly after 2 a.m eastern standard

time

this package includes a 1400 stimulus

checks

a child tax credit of 3 000 per child

under 18.

3 600 for children under a six which

will be distributed on a monthly basis

beginning in july

assuming the senate passes this bill as

well all of this of course conditioned

on

the senate passing this bill the bill

also extends the dependent care tax

credit where news unemployment benefits

including a 400

a boost beginning march 15th a 100

increase from the current

300 boost new funding for eidl grants

with 15 billion

25 billion for restaurants and bars 30

billion

for housing and rental assistance

funding for transportation and

a yes the bart system in california

funding for paid leave

for federal employees affected by the

pandemic however no heroes pay

and no 200 per month in a social

security boost

50 billion dollars will be going to

coronavirus testing

19 billion will go to the public health

force and 16 billion will go towards a

vaccine distribution

state and local governments will also

receive a 350 billion dollars to cover

budget shortfalls

90 billion dollars will go to

transportation and infrastructure and 47

billion dollars will go towards funding

fema

airports will get 11 billion dollars in

transit agencies will get 26 billion

12 billion will go to airlines to avoid

layoffs 130 billion will be set aside

for education

5 billion will go to pandemic ebt

programs

increase tax credits for obamacare

through the exchanges

will also be included and there will be

cobra subsidies for those

laid off so that they can keep their

health care only itin individuals

married to

the two military members will be

eligible for the 1400 stimulus checks

and the minimum wage provision that is

included in this bill raising the

minimum wage to 15

by 2025 will likely get axed in the

senate

where the senate parliamentarian has

already ruled against the 15

minimum wage and the white house and

members of the senate have already

indicated they do not plan to overrule

the senate parliamentarian this does

mean that there will be some

modifications to this bill

those modifications will then go back to

the house for an agreement

and then this package can be signed by

joe biden if this package is passed by

the senate by march 14th and joe biden

signs it that day

we will not see a lapse in unemployment

pay and we should see stimulus checks

begin arriving shortly thereafter

many will likely receive their first or

their now third stimulus check their

payment from this package

now by the end of march others might

have to wait into april

but we should see these checks rolling

between the third week in march

and the middle of april thank you so

much for watching this is a big step

for the country 1.9 trillion dollars are

being spent

and folks we'll see in the next video