The House of Representatives voted Wednesday to approve the $1.9 trillion COVID relief bill, paving the way for President Joe Biden to sign his first top legislative priority into law later this week and deliver aid to most American households amid the pandemic.
The bill includes up to $1,400-per-person stimulus payments for house holds t$1,400 stimulus checks for Americans who make less than $75,000 or heads of households who make less than $112,500. For married couples who file their taxes jointly, both would qualify for the full amount if they make up to $150,000 jointly. (Couples would get $2,800.), $300-per-week jobless benefits through the summer, a child allowance of up to $3,600 for one year, $350 billion for state aid, $34 billion to expand Affordable Care Act subsidies and $14 billion for vaccine distribution.
The passage of the bill marks the first major legislative achievement of Biden administration and Congress that is now under full Democratic control, with narrow majorities in the House and Senate.
The changes made by the Senate include; narrowing eligibility for stimulus checks for individuals and families, trimming the federal boost to jobless benefits and eliminating an increase in the federal minimum wage and reducing the jobless benefits to $300 (from $400) and extending them slightly to Sept. 6, and also 100 percent of COBRA insurance coverage for jobless Americans, up from 85 percent.
The checks will phase out faster than in previous rounds, completely cutting off individuals who earn more than $80,000 a year and married couples earning more than $160,000 — regardless of how many children they have. The revisions made by the Senate will leave out about 7 million families, according to an estimate from the Penn Wharton Budget Model.
With the American Rescue Plan, lawmakers adopted their sixth major coronavirus relief package since the deadly pandemic first encroached on the country roughly a year ago.
The bill now heads to President Biden, who is expected to sign it Friday, White House press secretary Jen Psaki said. The signing comes a day after the president is set to deliver his first prime-time television address on the country’s response to the coronavirus.