All eyes are on Congress, as the pressure increases to approve another stimulus bill this year, either through a series of stand-alone bills or a large comprehensive package. Thecontinues to trigger devastation and : More than 219,000 people in the United States have died from COVID-19, according to Johns Hopkins University, and there are more than 8 million known cases in the United States.
President Donald Trump is– despite first tweeting support for stopping the negotiations and then saying he wants lawmakers to go “big” on a $ 1.8 trillion package unveiled on October 9. for , together with a renewal of wage assistance for airlines and other industries.
House Speaker Nancy Pelosi and Finance Minister Steven Mnuchin have spoken daily and they say they are making progress on language, funding and other details in the bill. At the same time, Trump has called on Congress to “go higher” than the $ 1.8 trillion package.
But Senate Majority Leader Mitch McConnell has fired back, saying Republicans in the Senate would not approve an increase in funding. On Tuesday, McConnell is preparing to put a $ 500 billion stand-alone bill in support of the Paycheck Protection Program to the vote. The next day, the Senate will vote again on its “lean” $ 500 billion bill from September, which was not passed and blocked by Democrats. Neither minor bill would include, and both are unlikely to clear the House of Representatives.
Confused yet? You’re not alone. We help you take care of what exactly can be included in a stand-alone bill or a larger stimulus package – one that would either squeak a few weeks beforeor perhaps returned to the drawing board after the election. This story is updated frequently.
What the two Senate bills contain
Senate PPP Bill October 20: This $ 500 billion effort will focus on the paycheck protection program that was part of this spring’s CARES Act and provided forgivable loans to small businesses as an incentive to keep employees on the payroll. This bill does not include funding for another round of stimulus checks.
“Skinny ‘bill repealed: On October 21, the Senate will vote again on a $ 500 billion package that includes an improved $ 300 unemployment benefit and support for small businesses, funding for school openings and support for the US Postal Service. It also has limited liability protection for employers and healthcare professionals, which sets limits on who can sue if they receive COVID-19. It does not include a stimulus control for individuals.
Other proposals for stimulus bills for individual issues
: October 6 , Trump said he would sign a bill that approved immediately. Other is one of the areas that everyone – both Republicans and Democrats – seems to agree on.
Airline assistance: With the aviation industry hit hard by coronavirus-inducedand started tough workers, negotiators have tagged airline support for independent legislation. “Let me just be really clear,” Pelosi said on October 8. “I have been very open to having an independent bill for the airlines.” The House previously approved a $ 28.8 billion bill for airlines that Pelosi suggested could be the starting point for legislation.
Support for the US Postal Service: This summer, the House passed a bill that would address concerns about the service and the upcoming election and provide an additional $ 25 billion in additional funding. The Senate did not raise the bill.
So what’s in the White House’s $ 1.8 trillion proposal?
For several months, Pelosi and Mnuchin have met to discuss the size and approach of the next law on financial relief. The two are negotiating every day for the past week and are approaching to reach an agreement.
According to The Washington Post, Mnuchin’s current bid is $ 1.8 trillion and includes:
: Stimulus controls for and $ 1,000 for (CARES law ).
Unemployment benefit: The proposal puts improved unemployment benefits at $ 400 a week (down from $ 600 included in the CARES Act but up fromthis summer through executive action).
Funding for coronavirus testing and tracking: Earlier this week, Mnuchin waived the ground on this former blocker and said the White House would include money for coronavirus testing and tracking for its stimulus offering.
State and local funding: A major fixed point, the proposal contains $ 300 billion for cities and states, up from $ 250 billion in an earlier proposal.
What’s in the $ 2.2 trillion Democrats’ stimulus bill?
Pelosi continues to point to the updated version of The Heroes Act (PDF) as the basis for a new bill. The houselargely along party lines. The new hero law contains:
Direct payments: The current Democratic proposal includes payments of up to $ 1,200 per person and $ 500 for each addict.
Salary support for small businesses and aviation workers: The democratic plan would repay wage protection and extend the program to aviation workers.
Unemployment benefit: The plan would authorize $ 600 federal unemployment benefits by January 2021.
State and local funding: The bill would provide state and local government support to pay key workers, including first-time workers and health workers.
Housing support: The proposal would renew financial support for tenants and homeowners to meet rent payments and mortgages.
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