House Passes $1.9 Trillion Virus Relief Package; Fed Reports Concerns About CRE

CORONAVIRUS RESPONSE
The Roundtable, Public Policies, and The Economy

The American Rescue Plan Act of 2021 (H.R. 1319) passed by the House of Representatives on Feb. 27 is a $195 trillion COVID-19 relief package that provides $638 billion in tax cuts, offset by $45 billion in tax increases, and represents over 2% of GDP in 2021.

See The Roundtable document -- "Summary and Analysis of Key Economic Provisions in The American Rescue Plan" ...

Covid-19 Resource Center

February 27, 2021 House Passes $1.9 Trillion Virus Relief Package; Fed Reports Concerns About CRE Congressional Democrats racing to enact President Biden’s landmark $1.9 trillion COVID-19 relief package before unemployment benefits expire March 14 passed The American Rescue Plan Act of 2021 (H.R. 1319) early Saturday morning on a near party-line vote. The massive aid bill now goes to the 50-50 Senate where Democrats cannot afford to lose a single vote... Read Full Article