After exhausting debate, the American Rescue Plan Act of 2021 is finally about to be signed into law.
The legislation was passed by the Senate Saturday on a strict party-line basis: Every Democrat voted for the bill; not a single Republican joined in. On Wednesday, the House signed off on the legislation — another party-line vote — and sent it to the president.
Whether you feel the package is an economic necessity or a spectacular waste of taxpayer money, there are a couple of things we can all agree on: It’s very long (around 600 pages), it’s complicated, and it’s costly (around $1.9 trillion). Here’s what that looks like as a number: $1,900,000,000,000.
So, where’s all this money going? That’s what we’re going to attempt to determine in this week’s “Money!” podcast.
Sit back, relax and listen to this week’s “Money!” podcast:
Not familiar with podcasts?
A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bike.
If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!
Want more information? Check out these resources:
- 7 Hidden Tax Credits in Democrats’ Latest Relief Bill
- Investopedia: American Rescue Plan (Biden’s $1.9 Trillion Stimulus Package)
- CNBC: The Senate just passed the American Rescue Plan
- Washington Post: What’s in the Senate’s $1.9 trillion covid bill: Checks, unemployment insurance and more
- Stimulus Checkup: What’s in the Stimulus Bill? A Guide to Where the $1.9 Trillion Is Going
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I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.