Daily Tax Report ®

HILL TAX BRIEFING: Stimulus Package a Step Closer to House Floor

Feb. 23, 2021, 11:17 AM

The House took the first of several steps towards passing President Joe Biden’s $1.9 trillion Covid-19 relief plan this week, with the House Budget Committee voting to advance it Monday.

The next stop for the package is the House Rules Committee, which will set the terms of floor debate on the bill, which is expected on the floor later this week.

Congressional Democrats are aiming to pass the relief package using the budget reconciliation process, which would avoid a potential filibuster in the Senate. The bill includes stimulus checks of up to $1,400 for individuals, enhanced jobless benefits,...

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