President Biden is touting his $1.9 trillion Covid-19 economic relief package during today's address. The relief package was Biden's first and most pressing legislative priority since taking office in January.
Here's a reminder of what is in the bill:
- Stimulus checks: The bill provided direct payments worth up to $1,400 per person. Families received an additional $1,400 per child. There were restrictions based on how much Americans make.
- Unemployment assistance: The bill calls for a $300 federal boost to weekly jobless payments and extending two key pandemic unemployment benefits programs through Sept. 6.
- State and local aid: The legislation provides $350 billion to states, local governments, territories and tribes.
- Nutrition assistance: The package extends the 15% increase in food stamp benefits through September. It also contains $880 million for the Special Supplemental Nutrition Program for Women, Infants, and Children, known as WIC. It will allow states to continue the Pandemic-EBT.
- Housing aid: The bill sends roughly $20 billion to state and local governments to help low-income households cover back rent, rent assistance and utility bills. It authorizes about $10 billion to help struggling homeowners pay their mortgages, utilities and property taxes.
- Tax credits: The bill expands the child tax credit to $3,600 for each child under 6 and $3,000 for each child under age 18. Currently, families can receive a credit of up to $2,000 per child under age 17.
- Paid sick and family leave: While the bill does not make this mandatory, it will continue to provide tax credits to employers who voluntarily choose to offer the benefit through Oct. 1.
- Education and child care: The bill provides $125 billion to public K-12 schools to help students return to the classroom, including for things like ventilation, personal protective equipment for teachers and support staff.
- Health insurance subsidies: The package made federal premium subsidies for Affordable Care Act policies more generous and would eliminate the maximum income cap for two years.
- Small businesses: The bill provides $15 billion to the Emergency Injury Disaster Loan program and another $7 billion for the Paycheck Protection Program. It also provides $25 billion for a new grant program specifically for bars and restaurants.
- Vaccines: $14 billion will go towards researching, developing, distributing, administering and strengthening confidence in vaccines. It will also put $47.8 billion toward things like testing and contact tracing.
- Rural hospitals: The bill allocates $8.5 billion to help struggling rural hospitals and health care providers.
Read a more detailed breakdown here.