President Biden just signed the largest relief bill in history:
Doug Mills/New York Times
President Joe Biden signed the $1.9 trillion Covid-19 relief package into law Thursday, his first legislative achievement since taking office less than two months ago, a measure to infuse billions into the U.S. economy and bolster funding for vaccines, testing and school reopenings.
The package, which was unanimously opposed by Republicans in Congress, will also provide millions of Americans with $1,400 stimulus checks that are set to go out by the end of the month. The White House is planning a victory lap tomark the achievement with the president, First Lady Jill Biden, and Vice President Kamala Harris hitting the road next week.
The signing from the Oval Office comes just hours before Biden is set to mark one year of coronavirus pandemic shutdowns with his first prime-time address since taking office. The remarks are expected to both look back at the scale of loss over that time and peer ahead at a post-pandemic future.
The law provides immediate payments of $1,400 per person, including dependents, for individuals making less than $75,000 per year or families making less than $150,000; a $3,000 tax credit for every child under 18 ($3,600 under 6); subsidies for child-car costs; an expansion of the Affordable Care Act; and money for pensions, among many other provisions.
Remember when we thought Biden would be just, you know, OK? Or that the Democratic Party would once again cower in fear of the other guys yelling about bipartisanship and deficits?
Welcome to 2021.