US CARES Act Stimulus Bill

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Feature Article by Stephen Lendman
US CARES Act Stimulus Bill

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

On Wednesday, the CARES (Coronavirus Aid, Relief, and Economic Security) Act was unanimously passed by the Senate.

It's scheduled to be voted on and adopted by House members on Friday, Trump to sign it into law. Its provisions are largely what was discussed in a previous day article.

There's plenty in it for monied interests, along with the Wall Street owned and operated Fed supplying trillions of dollars in virtually free money to banks, other corporate interests, hedge funds, and large investors —  more to come as needed.

By comparison, ordinary Americans get peanuts. Households will get one-time direct deposits of $1,200, married couples to get $2,400, plus an additional $500 per child.

This applies to households earning up to $75,000, $150,000 for married couples, scaled down amounts going to households earning up to $99,000/$198,0
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