As of yesterday, approximately 90 million Economic Impact Payments had been disbursed, thereby ensuring that more than $242 billion of much-needed relief will be received by millions of Americans and their families within days of enactment of the American Rescue Plan. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) are ensuring that Americans will receive fast and direct relief during the final phase of the COVID-19 crisis. Through this third round of Economic Impact Payments, the U.S. This law is one of the most progressive pieces of legislation in history, and will build a bridge to an equitable economic recovery. The American Rescue Plan will change the course of the pandemic and deliver immediate and direct relief to families and workers impacted by the COVID-19 crisis through no fault of their own. More than 9.5 million workers have lost their jobs in the wake of the pandemic, with 4 million out of work for half a year or longer. From big cities to small towns, Americans – particularly people of color, immigrants, and low-wage workers – are facing a deep economic crisis. The current public health crisis and resulting economic crisis have devastated the health and economic wellbeing of millions of Americans.
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