As Congress nears debate on another round of stimulus/relief aid for American households, businesses, state and local governments, schools, Covid vaccination delivery, and more, I thought it would be instructive to see how the direct aid sent as part of Stimulus 1.0 was spent.
A new report from the IRS shows that the first round of economic impact payments (or stimulus checks) primarily benefited households earning less than $100,000.
This is good news.
Data released by the Census Bureau this week show how the government’s stimulus programs since last March kept millions of Americans out of poverty and preserved their access to health care.