December 22, 2020

Delaware Business Times: Congress Approves $900 Billion Stimulus

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The stimulus, approved as part of a large end-of-year catchall package including traditional spending measures, also allocates $82 billion in support to school systems and higher education institutions, $10 billion for childcare assistance, $13 billion to assist people facing hunger, and $13 billion to support farmers who have suffered losses during the pandemic.

According to the Institute on Taxation and Economic Policy, the bill will provide direct financial relief for 636,600 Delaware adults and 232,000 children, representing an injection of over $450 million to Delaware families with an average household check of over $1,000.

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