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TRUMP: Well, thank you all very much.
Posted on: July 25, 2025 at 13:32:14 CT
KCT-BoneTiger MU
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This is a very important day. I’ll sign the single-biggest economic relief package in American history and, I must say, or any other package, by the way. It’s twice as large as any relief ever signed. It’s $2.2 billion, but it actually goes up to 6.2 — potentially — billion dollars — trillion dollars. So you’re talking about 6.2 trillion-dollar bill. Nothing like that. And this will deliver urgently needed relief to our nation’s families, workers, and businesses. And that’s what this is all about.
http://trumpwhitehouse.archives.gov/briefings-statements/remarks-president-trump-signing-h-r-748-cares-act/
$300 billion in direct cash payments will be available to every American citizen earning less than $99,000 per year; $3,400 for a typical family of four. So a family of four: $3,400.
And then $350 billion in job retention loans for small businesses, with loan forgiveness available for businesses that continue paying their workers. The workers get paid.
Approximately $250 billion in expanded unemployment benefits. The average worker who has lost his or her job will receive 100 percent of their salary for up to four full months.
$500 billion in support for hard-hit industries, with a ban on corporate stock buybacks — we don’t let them buy back the stock; we don’t let that happen — and tough limits on executive compensation.
Over $100 billion to support our heroic doctors, nurses, and hospitals. And you see what’s happening. And I want to thank, while we’re here, also the incredible job that’s done by the Army Corps of Engineers and by FEMA. It’s been incredible. They did four hospitals in two days or three days, in New York. And they’re, like, incredible structures. What a job they’ve been doing. And they’re doing them all over the country.
$45 billion for the Disaster Relief Fund, supporting our state, local, and tribal leaders.
$27 billion for the development of vaccines, therapies, and other public health response efforts, including $16 billion to build up the Strategic National Stockpile with critical stockpiles. And I’m going to — we have tremendous supplies coming into the stockpile, and you’ll be seeing that and hearing about it in a little bit because we’re doing a news conference at 5:30 on what’s happening.
Edited by KCT-BoneTiger at 13:32:54 on 07/25/25
http://trumpwhitehouse.archives.gov/briefings-statements/remarks-president-trump-signing-h-r-748-cares-act/
$300 billion in direct cash payments will be available to every American citizen earning less than $99,000 per year; $3,400 for a typical family of four. So a family of four: $3,400.
And then $350 billion in job retention loans for small businesses, with loan forgiveness available for businesses that continue paying their workers. The workers get paid.
Approximately $250 billion in expanded unemployment benefits. The average worker who has lost his or her job will receive 100 percent of their salary for up to four full months.
$500 billion in support for hard-hit industries, with a ban on corporate stock buybacks — we don’t let them buy back the stock; we don’t let that happen — and tough limits on executive compensation.
Over $100 billion to support our heroic doctors, nurses, and hospitals. And you see what’s happening. And I want to thank, while we’re here, also the incredible job that’s done by the Army Corps of Engineers and by FEMA. It’s been incredible. They did four hospitals in two days or three days, in New York. And they’re, like, incredible structures. What a job they’ve been doing. And they’re doing them all over the country.
$45 billion for the Disaster Relief Fund, supporting our state, local, and tribal leaders.
$27 billion for the development of vaccines, therapies, and other public health response efforts, including $16 billion to build up the Strategic National Stockpile with critical stockpiles. And I’m going to — we have tremendous supplies coming into the stockpile, and you’ll be seeing that and hearing about it in a little bit because we’re doing a news conference at 5:30 on what’s happening.
Edited by KCT-BoneTiger at 13:32:54 on 07/25/25
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TRUMP: Well, thank you all very much. - KCT-BoneTiger MU - 7/25 13:32:14