The Senate on Saturday narrowly passed President Biden’s $1.9 trillion coronavirus relief plan following a marathon overnight session in a key vote that puts new stimulus checks and expanded unemployment checks one step closer to the pockets of the American public.
Following 27 hours of debate, delays and wrangling, Democrats pushed through the legislation in a party-line vote of 50-49. The legislation now heads back to the House for final approval before hitting Biden’s desk for his signature on what would be his first major legislative victory.
The legislation now heads back to the House for its approval. There’s been some concern from progressives there by the changes Senate Democrats made to lower the unemployment benefits from $400 to $300 and to limit the income eligibility for the $1,400 checks.
We are keeping our eyes on the situation and will update you as we receive more infomation.
For clients who have been affected and may need to file an amended tax return, we will be in contact with you. If you have any questions, please feel free to contact our office at your convenience.