The U.S. House of Representatives on Friday approved an unprecedented $2.2 trillion stimulus package to alleviate the economic devastation of the coronavirus pandemic and sent it to President Donald Trump to sign into law.
Here are major elements of the plan. Cost estimates are provided by the Committee for a Responsible Federal Budget.
DIRECT PAYMENTS TO AMERICANS
Direct payments of up to $1,200 each to millions of Americans, with additional payments of $500 per child. Payments would be phased out for those earning more than $75,000 a year. Those earning more than $99,000 would not be eligible.
Estimated cost: $290 billion
ENHANCED UNEMPLOYMENT AID
Payments for jobless workers would increase by $600 per week. Laid-off workers would get those payments for up to four months. Regular benefits, which typically run out after six months in most states, would be extended for an additional 13 weeks.
Self-employed workers, independent contractors and
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