Biden signs $1.9 trillion Covid relief stimulus bill into law

Thursday, March 11
USA


Newsday and Agencies

US 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.

The newly signed law will direct $1,400 direct payments to individuals making under $75,000 and $2,800 to married couples who make less than $150,000. 

Individuals making up to $80,000 and joint tax filers up to $160,000 will get some money, but not the full amount. 

The direct cash includes up to $1,400 per dependent, including adult dependents.

The bill will also provide $14 billion to distribute vaccines and $49 billion for Covid-19 testing, contact tracing and personal protective equipment. 

It also includes $125 billion for schools and nearly $40 billion for higher education. 

It will provide $39 billion in child care grants, $25 billion in rental assistance and $30 billion for public transit.

"I believe this is, and most people do as well, historic legislation that is about rebuilding the backbone of this country, giving people who built this country a fighting chance," Biden said moments before signing the bill.

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.