Earlier this week, the President suggested that he might not sign the stimulus package/spending bill (you can read about what happened – and what it meant – here). However, tonight, the President did sign the bill into law.

The bill would do a few things, including:

  • Issue stimulus checks of $600 per person;
  • Extend unemployment benefits; and
  • Expand PPP, offering more loans, and allowing for deductibility.

You can read my summary and related bills here:

On Monday, the House still intends to introduce a bill to raise the stimulus checks to $2,000 per adult. The Senate has not indicated that it will take up the bill, though the President says that, “The Senate will start the process for a vote that increases checks to $2,000, repeals Section 230, and starts an investigation into voter fraud.”

You can read the entire White House statement here.

Stay tuned!

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Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.

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