Home / Readers Forum / Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation

Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation

This huge appropriation is to temporarily solve the US economic problems because of the huge damage caused by Covid-19. This is the largest appropriation in American history.

The resources are distributed as follows that individuals with an income of $ 75,000 or less will receive a direct payment of $ 1,200 per person, and married couples with an annual income of not more than $ 150,000 will receive an income of $ 2,400-an additional $ 500 per child. The amount paid will be reduced according to income, singles will be completely eliminated $ 99,000, and couples without children will be completely eliminated $ 198,000.

In addition, the bill will provide billions of dollars in aid to hospitals that have been hit hard. These hospitals are working hard to deal with the outbreak, as well as state and local governments that are short of funds in response to coronavirus.

Two trillions did solve the US economic problems, but only temporarily. It is hoped that the government will spend more resources on medical equipment to solve the fundamental problem.

About ZexinChen97

Check Also

The Invisible Crisis: Fiscal Policies in a Pandemic

The novel coronavirus pandemic has brought lasting impact on every aspect of previous normality and ...