Coronavirus Pandemic has hit everyone hard. Many countries are struggling economically. Millions have lost their jobs and now struggling to make ends meet. In these hard times, the United States Government has worked on a relief package that would help people struggling financially due to the coronavirus pandemic.
The $1.9 trillion coronavirus package has been passed by the House of Representatives to help Americans who have been affected by the economic fallout due to the pandemic. The package is similar to the relief package designed by President Joe Biden in January.
On top of that, there will be additional assistance for the unemployed, hungry, uninsured, and at risk of losing their homes. While other parties are not so sure, Biden and the Congress party believe that a new relief package is necessary to assist both people in need and the nation at large.
The bill will now move to the Senate, and it will surely undergo some changes along the way. However, the common goals of the bill remain that it will provide direct payments worth up to $1,400 per person to families earning less than $200,000 a year and individuals earning less than $100,000 a year. And Couples earning less than $150,000 a year would receive $2,800.
However, unemployed or out-of-work Americans will get a federal weekly boost of $400 through August 29th. Even Freelancers, gig workers, independent contractors, will also be under the Pandemic Unemployment Assistance program for up to 74 weeks. While the food stamps were only valid until June, the new program will ensure Food stamp recipients would see a 15% increase in benefits continue through September.