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Congress Passes Massive COVID Bailout Bill Which Costs Taxpayers More Money Than They Will Receive
Democrats in Congress passed President Joe Biden’s $1.9 trillion COVID-19 spending bill on Wednesday without any votes from Republicans, costing taxpayers thousands of dollars more than they could potentially receive in a stimulus check.
The legislation, which Biden is expected to sign into law on Friday, contains a myriad of provisions ranging from extending unemployment benefits through September, expanding the child tax credit, allocating billions of dollars for small business loans through the paycheck protection program, designating billions more for the Low Income Home Energy Assistance Program, expansions on Obamacare insurance subsidies even for those who may not need the financial help, paying the Centers for Disease Control (CDC) billions to help facilitate vaccine distribution and administration, grants for restaurants, money for schools which may or may not reop ....

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