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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
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The legislation was framed as an amendment to HR1424, substituting the entire bill with the newly revised text of the EESA 2008. [12] The amendment was approved by a 74–25 vote, and the entire bill was also passed by the same margin, 74–25 (R: 34-15, D: 40-10). [130] [131] Only cancer-stricken Senator Ted Kennedy did not vote. Under the ...
Program spending is projected to rise from 4.8% of GDP in 2010 to 5.9% of GDP by 2030, where it will stabilize. [41] The Social Security Administration projects that an increase in payroll taxes equivalent to 1.8% of the payroll tax base or 0.6% of GDP would be necessary to put the Social Security program in fiscal balance for the next 75 years.
Pennsylvania (/ ˌ p ɛ n s ɪ l ˈ v eɪ n i ə / ⓘ PEN-sil-VAY-nee-ə, lit. ' Penn's forest country '), officially the Commonwealth of Pennsylvania [b] (Pennsylvania Dutch: Pennsylvanie), [7] is a US state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.
Welfare in America. The United States spends approximately $2.3 trillion on federal and state social programs including cash assistance, health insurance, food assistance, housing subsidies, energy and utilities subsidies, and education and childcare assistance. Similar benefits are sometimes provided by the private sector either through policy ...
McKibben was born in Palo Alto, California. [1] [16] His family later moved to the Boston suburb of Lexington, Massachusetts, where he attended high school. [17]His father, who once, in 1971, had been arrested during a protest in support of Vietnam veterans against the war, wrote for Business Week, before becoming business editor at The Boston Globe, in 1980. [17]
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