What was the total cost of the American Rescue Plan signed into law in March 2021?

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The American Rescue Plan Act of 2021 was a $1.9 trillion relief package that President Biden signed into law on March 11, 2021. This massive spending bill was designed to address the economic crisis created by the COVID-19 pandemic. It included not just healthcare provisions like expanded ACA subsidies, but also direct payments to individuals, expanded unemployment benefits, and funding for vaccines and testing. The $1.9 trillion price tag was significant—comparable to roughly 8% of the entire U.S. economy at the time. The bill passed along party lines: 50 Senate Democrats and Vice President Harris casting a tie-breaking vote supported it, while all 49 Republican senators opposed it. Understanding the scale of the spending is important for grasping the scope of government intervention in the economy and the political battle over fiscal stimulus.

What was the total cost of the American Rescue Plan signed into law in March 2021?

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