U.S. President Donald Trump has signed into law what he calls the largest single economic relief bill in history. “At $2.2 trillion dollars, this bill will deliver urgently-needed relief for our nation’s families, workers, and businesses,” Trump said. Americans are expected to receive stimulus checks of up to $1,200 if they qualify.
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Single Biggest Economic Relief Bill in American History
The president of the United States, Donald Trump, has signed the Coronavirus Aid, Relief & Economic Security (CARES) Act into law. He tweeted on Friday:
I just signed the CARES Act, the single biggest economic relief package in American History – twice as large as any relief bill ever enacted. At $2.2 trillion dollars, this bill will deliver urgently-needed relief for our nation’s families, workers, and businesses.
The Trump administration claims that the new law will provide direct payments to Americans, help small businesses stay open, help workers keep their jobs, provide relief for distressed industries, and provide support for health care providers.
However, some people have voiced their concerns on social media, questioning how much the stimulus package will actually help them. The coronavirus crisis has caused many job losses and businesses to shut down. Last week, unemployment claims skyrocketed to a record 3.3 million. Some also blame Trump for not taking action against the coronavirus outbreak early on, downplaying the crisis, and overpromising the cure.
Coronavirus Stimulus Checks — How Much and When
The Coronavirus Aid, Relief & Economic Security Act gives money to individuals and families as well as financial aid for American businesses and
