The New York Times
President Trump on Friday signed into law the largest economic stimulus package in modern American history, backing a $2 trillion measure designed to respond to the coronavirus pandemic. Under the law, the government will deliver direct payments and jobless benefits for individuals, money for states and a huge bailout fund for businesses battered by the crisis.
Mr. Trump signed the measure in the Oval Office hours after the House approved it by voice vote and less than two days after the Senate unanimously passed it.
In brief remarks, Mr. Trump, flanked by Republican leaders in Congress, thanked “Democrats and Republicans for coming together and putting America first” and said it would help pave the road to economic recovery.
“I think we are going to have a tremendous rebound,” he said.
The legislation will send direct payments of $1,200 to millions of Americans, including those earning up to $75,000, and an additional $500 per child. It will substantially expand jobless aid, providing an additional 13 weeks and a four-month enhancement of benefits, and for the first time will extend the payments to freelancers and gig workers.
“This is a critical lifeline for Arizona businesses impacted by the COVID-19 pandemic. Businesses that are suffering right now should make every effort to take advantage of the aid that this legislation provides.” ~Eric Hill, Attorney at Rose Law Group
