Comment by tonytran2015: US’ GDP is $21000 b (Wikipedia).
The legislation aims to get more money into the pockets of Americans hard-hit by widespread business closures. Eligible individuals would receive $1,200 checks for each person in their household, up to $6,000.
The bill extends add-on unemployment benefits of $600 payments, in addition to state benefits, through January 2021, creates a special enrollment period for the Affordable Care Act exchanges for the uninsured and provides $175 billion for families to pay their mortgages and rent. The legislation includes student loan forgiveness, an employee retention tax credit and increases maximum SNAP benefits, which are currently $768 a month, by 15 percent.
But tucked into the legislation are provisions that rankled the Republicans including expanding $1,200 checks to certain undocumented immigrants, restoring the full State and Local Tax Deduction (SALT) that helps individuals in high-taxed blue states, a $25 billion rescue for the U.S. Postal Service, allowing legal marijuana businesses to access banking services and early voting and vote-by-mail provisions.
“So much of what’s in this bill simply has nothing at all to do with the current crisis,” said Rep. Tom Cole, R-Okla. “It’s more like a liberal Christmas … wish list. It would make more sense … to just send it straight to Santa Claus than to send it to the United States Senate. It would have a better chance of becoming law that way.”