The Coronavirus Aid, Relief, and Economic Security Act,[b][1] also known as the CARES Act,[2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.[3][4] The spending primarily includes $300 billion in one-time cash payments to individual people who submit a tax return in America (with most single adults receiving $1,200 and families with children receiving more[5]), $260 billion in increased unemployment benefits, the creation of the Paycheck Protection Program that provides forgivable loans to small businesses with an initial $350 billion in funding (later increased to $669 billion by subsequent legislation), $500 billion in loans for corporations, and $339.8 billion to state and local governments.[6]
“Well, thank you all very much. This is a very important day. I’ll sign the single-biggest economic relief package in American history and, I must say, or any other package, by the way. It’s twice as large as any relief ever signed. It’s $2.2 billion, but it actually goes up to 6.2 — potentially — billion dollars — trillion dollars. So you’re talking about 6.2 trillion-dollar bill.”
Some context of what the CARES act actually provided, you know, the details you left out
You are correct. I left out inflation and the fact that CARES ACT, signed into law by Trump, was the single largest appropriations bill of all time.
If you were calling me a nevertrumper troll, you’re the first around here, and further shows exactly why we can’t achieve anything when the dems can.
We’ll eat our own alive and most of the dems will circle the wagon.
I remembered him either vetoing or threatening to veto on one of those bills, and I was wrong. Another freeper corrected me, who didn’t do research and went off my obviously faulty memory, and provided some proof.