Trump approves Coronavirus relief bill
The coronavirus task force in the Oval office
On Friday afternoon President Trump signed into law the largest relief bill in American history to help stimulate the economy. This bill will send Americans direct payments of $1200 for all adults making under $75k a year and $500 to every child. The payments decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples.
The SBA would stand up a new lending program within a week. Small businesses will have access to close to $400 billion in loans from the new legislation, which amounts to the largest economic stimulus package in the nation’s history.
This bill is one of the most ambitious yet effective solutions that the Trump admin has brought to the table. I want to thank Democrats and Republicans for coming together and putting America first," Trump said before signing the bill.
"We got hit by the invisible enemy and we got hit hard...I think we are going to have a tremendous rebound."
The President went on to tweet: