The latest $1.9 trillion in COVID relief addresses taxes, health care, unemployment benefits, direct payments and state and local funding, among other issues.
About half of the $1.9 trillion bill comprises revenue provisions that fall under jurisdiction of the congressional tax-writing committees. And over half of that is attributable to direct payments of $1,400 and an advanceable child tax credit expansion in the form of periodic payments from the IRS.
The tax-writing committees also had jurisdiction over main pillars of the legislation like an extension of pandemic unemployment programs and Consolidated Omnibus Budget Reconciliation Act (COBRA) subsidies.
Read more about the bill’s key provisions and how funding is allocated across the bill.