Stimulus Bill Allocation Breakdown

1) 465B Directly by deposit and indirectly via tax credits to people living in America2) 361B Provides aid to states and local governments to make up deficits3) 350B Increased unemployment insurance and extended emergency unemployment through September. It includes 570M for 15 additional weeks of paid leave for federal employ-ees.4) 160B For all things COVID-195) 170B To fund schools and colleges, whether they open or not6) 85.7B Bailout aid for Multi-Employer Union Pension deficits7) 58B for Transportation and Transit Systems8) 30B Provides for rental and small landlord support9) 25B Provide…

Stimulus Bill Allocation

As we pass the one-year mark since the COVID pandemic virtually shut down the nation, we now face another 2021 COVID Relief Bill. The actual amount targeting COVID relief is less than 9% of the $1.9 trillion package.  The pie chart shows where this bill has allocated the taxpayers’ money.  If we add it to all the bills passed in 2020, they total $5.3 trillion—keep in mind there is nearly $1 trillion from the 2020 Relief Bill left unspent. Critics are concerned that this will plunge our country into crippling…