On Monday, Dec. 21, 2020, Congress passed an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid. On Sunday, Dec. 27, 2020, President Donald Trump signed the bill into law. The bill was part of a $1.4 trillion spending package that will keep the government open for the fiscal year.
Notably, the bill provides funding for unemployment benefits, small businesses, direct economic payments to individuals, vaccine distribution, and rental assistance.
The chart below will illustrate the major differences in the COVID-19 stimulus packages.
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