Joe Biden Signs 'American Rescue Plan' Into Law
At $1.9 trillion, it's nearly 4x larger than Obama's post-2008 financial crisis stimulus
What are some of its salient features?
The plan sends $1,400 in payments directly to most Americans and their dependents
It includes $25 billion in rental/utility assistance, and $10 billion in mortgage aid.
$50 billion to go towards vaccine manufacturing, and $20 billion towards testing
$350 billion is earmarked for relief to state, local and tribal governments
Input tax credit for children expanded
It will increase to $3,600/year for children aged less than 6, and $3,000/year for children aged 6 through 17.
$30 billion has also been provided for in aid to restaurants
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