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Local analysts weigh in on stimulus package, direct $1,400 checks
Rose-Ann Aragon, Reporter
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HOUSTON – House Democrats released more details about their COVID-19 relief bill and its $1,400 stimulus checks. This comes after President Joe Biden announced a $1.9 trillion stimulus package, which local analysts say will help people and the economy.
In this new bill, Democrats decided on keeping the income cutoff the same. It includes $1,400 payments for individuals who earn up to $75,000 per year and their dependents and 28-hundred for married couples earning up to $150,000 per year.
University of Houston’s Economics Department Chair and professor Dietrich Vollrath said the $1.9 trillion stimulus package is appropriately sized. When asked if the stimulus package would help people and help the economy, Vollrath put it bluntly.
Prospects economic growth united states | Macroeconomics and monetary economics cambridge.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cambridge.org Daily Mail and Mail on Sunday newspapers.
MULTNOMAH COUNTY, OR (KPTV) - Thousands of Oregonians are struggling during the COVID-19 pandemic, but what does that mean for the overall economy? Economists say this isn t a typical recession, since some sectors of the economy doing well, while others are enduring the brunt.
Nine months into the pandemic and Oregonians are still struggling. You just worry, it s a constant, said Tod Muir. You can t sleep.
Muir went from working full-time as a delivery driver for a food distributor before COVID-19, down to working 10-15 hours a week. You watch every single dollar, Muir said. You watch the news hoping Congress gets their act together.