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Stimulus Bill Wasn't Big Enough to Give Everyone $42K

Maxim SorokopudMaxim Sorokopud
date
22nd March 2021
Last update
date
10:43 pm
29th March 2021
Stimulus Bill Wasn't Big Enough to Give Everyone $42K
$1.9 trillion divided by 144.3 million is $13,167 (Getty Images).

Emerging story

As the U.S. Government was signing the $1.9 trillion American Rescue Plan Act into law, a number of news sites stated that coronavirus spending had hit $41,870 per taxpayer. Other sites twisted this statement to say that America’s coronavirus relief could have given every taxpayer $41,870. 

Many assumed that this meant that the American Rescue Plan Act could have given every taxpayer that amount. Posts either stating or heavily implying this have appeared on social media ever since.

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