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