The federal government wants to push through another stimulus package to address the most pressing issues facing the United States as a result of. The question is when? And will it be too late to help those who have the greatest need?
Of many accounts,is a disaster. Senate Majority Leader Mitch McConnell’s intention to have a bill ended Aug. 7 is now part of the imagination, as talks between Republicans and Democrats barely cover and hold on to the total price of the bill.
“The American people are suffering without their own fault,” Florida Democratic Representative Val Demmings said on Sunday. “We need to send a meaningful bill.”
While there is some optimism, a bill may pass before, others in Washington are not shy to raise doubts. When and if a new coronavirus virus package is signed into law, here are all the ways it can benefit the economy – and you. This story is updated frequently.
The second stimulus control
The fate of oneis currently tied to package negotiations, but it has also been suggested that President Donald Trump could sign an executive measure to lead more aid to the economy, possibly including an additional direct payment.
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Improved unemployment benefits for millions without jobs
An interim measure for the federal government to fund $ 300 a weeklasts only six weeks and ends already in some states.
An important dispute in the debate, the Democrats want a new bill to provide $ 600 per week in addition to the state benefit just asdid in March. Republicans want to reduce the figure to $ 300.
Money for schools to combat the spread of COVID-19
Funding to pay for hygiene protocols, testing and other accommodation during the coronavirus pandemic are top priorities on both sides at a time to mitigate the spread of the virus among students and teachers.
When some schools opened through August, data from the American Academy of Pediatrics and the Children’s Hospital Association show an increase of 16% in cases among children, from August 20 to September 3.
Tax breaks for employee retention to help companies retain staff
A program administered by the IRS already exists to provide employers with a tax break to keep employees on pay until the end of 2020. A new bill could extend or improve the program until 2021.
The wage protection program for small businesses to keep open
The purpose of helping you keep your job is to offer the payroll protection program small loans to small businesses as an incentive to keep employees on the payroll – people who might otherwise have lost their jobs during the pandemic.
Independent moratorium and rent subsidy
The Centers for Disease Control and Prevention used an obscure health law to, as long as the tenants fill in the necessary paperwork.
Without exclusion protection, it is estimated that up to 40 million people over 17 million households could lose their homes if the economy does not recover before the last protection expires.
Funding for the US Postal Service
Both Democrats and Republicans have advanced bills with an eye to fund aahead of an election in which up to 80 million people are expected to do so .
Thebut has not been picked up by the Senate. The Senate’s ‘lean’ bill did not clear the House.
Protection for companies from coronavirus lawsuits
Liability protection is high on the agenda of Republican lawmakers. Introduced in, the measure would set a limit for lawsuits against employers, schools and caregivers in connection with coronavirus exposure, with the exception of gross negligence.
With the stimulus bill still uncertain, stay tuned for the most up-to-date news. You can also brush on the ins and outs of and learn how in a .