President Joe Biden is on the cusp of a major legislative victory. If all goes according to plan and the $1.9 trillion American Rescue Plan is signed into law, Biden will have scored an early triumph in his presidency. The Covid-19 relief bill will provide a wide range of benefits, from direct payments to American families, money for vaccine development and distribution, small business relief, more substantial subsidies for the Affordable Care Act, a child tax credit, a higher Earned Income Tax Credit, federal funds for state and local governments and much more.
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