The House voted 220-211 on Wednesday to approve the Senate’s revised version of President Biden’s $1.9 trillion coronavirus relief package, sending the bill to Biden’s desk to be signed.
Why it matters: The passage of the “American Rescue Plan” is the first — and potentially defining — legislative victory of Biden’s presidency, marking a key milestone in his pledge to steer the U.S. out of the coronavirus crisis.
The big picture: The package is being touted by Democrats as one of the most consequential anti-poverty bills of the modern era, with the nonpartisan Tax Policy Center projecting that it will boost incomes for the poorest 20% of Americans by 20%. Continue reading.