President Biden Signs Sweeping Stimulus Package Into Law

The $1.9 trillion relief bill is among the largest anti-poverty measures in US history.

Andrew Harnik/AP

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

President Biden signed his $1.9 trillion COVID relief package into law Thursday afternoon, pumping billions of dollars into combating the pandemic and paving the way for hundreds of millions of Americans to receive $1,400 checks.

“This historic legislation is about rebuilding the backbone of this country, giving people in this nation—working people, middle class folks, the people who built the country—a fighting chance,” Biden said before signing the bill into law.

The legislation includes monthly payments to families with children up to income thresholds of $115,000 for a single parent or $150,000 for a couple. Though temporary, this game-changing provision, which mirrors the subsidies available to parents in several prosperous European nations, is expected to cut child poverty nearly in half.  

The Senate passed a revised version of the bill after a marathon vote this weekend, and the House approved the Senate version yesterday. The bill had no Republican support in either chamber. Biden’s signing comes a day earlier than initially planned.

The Senate’s most significant changes to the original text of the legislation were limiting the eligibility for stimulus checks from $100,000 annual income for individuals to $75,000; keeping unemployment payments at $300 per week, instead of $400, through September 6, while making $10,200 in benefits nontaxable; and exempting student loan forgiveness from income taxes through 2025. The Senate also dropped language that would increase the federal minimum wage to $15 an hour, after some Democratic senators signaled that they were unwilling to support that provision.

REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

payment methods

REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate