Joe Biden has made it official by signing the massive $1.9 trillion stimulus package. Only 9% of which, according to Kevin McCarthy, goes to covid relief.
This has been called the first major legislative win for Biden and the Democrats.
According to Fox News:
President Biden on Thursday signed into law the sweeping $1.9 trillion coronavirus relief package that Democrats muscled through Congress without any Republican support, securing the first big legislative win of his presidency.
“This historic legislation is about rebuilding the backbone of this country and giving the people of this nation, working people, the middle-class folks, people who built the country a fighting chance,” Biden said.
The measure includes a $1,400 check for many Americans and an extension of a $300 weekly unemployment aid supplement through Sept. 6, as well as a generous one-year expansion of the child tax credit. It also provides hundreds of billions of dollars in funding for state and local governments, vaccine distribution efforts and small businesses still reeling from the pandemic.
Biden had initially been scheduled to sign the bill on Friday, but the White House moved up the timeline to Thursday afternoon in order to distribute the aid “as fast as possible,” Ron Klain, the president’s chief of staff, wrote on Twitter. Klain added: “We will hold our celebration of the signing on Friday, as planned, with Congressional leaders!”
Democrats have stated that this is the most progressive piece of legislation in history.
Joseph Brown from Heresy Financial goes into detail about the insanity included in this legislation in the video below.