Notwithstanding the ruling by the Senate Parliamentarian, the US House is expected to give final approval to Biden’s $1.9 trillion American Rescue Plan Act of 2021 as soon as today, with some questions still remaining as to what the final bill will ultimately include. As of this writing, the legislation, which cleared the House Budget Committee earlier this week, provides direct stimulus payments of $1400 to individuals up to certain income limits, increases the unemployment insurance premium benefit to $400 per week, extends the availability of the premium through the end of August, and provides $25 billion in direct assistance for restaurants as well as $1.25 billion in Small Business Association grants. Further, the legislation as currently written also expands the Earned Income Tax Credit for low-income workers without children and provides an additional $7.25 billion to replenish the Paycheck Protection Program. As of yesterday, the bill also included the minimum wage increase, but it remains unknown what the House will do in that regard now that it has been ruled ineligible for reconciliation in the Senate. Stay tuned . . .