After months of stopped calls,on another the stimulus package picked up again this week. On Thursday, Finance Minister Steven Mnuchin and House Speaker Nancy Pelosi said they had agreed to restart formal talks on a stimulus bill and the other direct payment that could come with it.
The Democratic-led House of Representatives is reportedly preparing a new bill on financial support that will include aof for , , , small business loans, air support and and . The $ 2.4 trillion bill could get a vote in the House on Oct. 2, The Hill reported. It is narrower than the original democratic support , which had a price tag of $ 3.4 trillion.
The final version of the new bill is not yet available. But Rep. Richard Neal, head of the Ways and Means Committee, is leading the charge, telling The Hill that the committee would “review” much of the previous legislation that was drafted when he wrote it.
“The outlines are all there. I think it’s about time frames and all that,” Neal said Thursday, according to The Hill.
Read on to learn the suggested benefits that a new stimulus package can include if it becomes law before or after. Read more at . We update this story regularly.
As much as $ 1,200 per American in a second stimulus check
Democratic and Republican lawmakers have agreed on the need for a second direct payment of up to $ 1,200 per eligible U.S. adult and $ 500 for relatives (find outand ).
The proposed new house proposal will probably contain the same provisions for stimulus checks as in Marchdid, but can expand who counts as an addict. We do not know for sure until we see a draft.
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Funding for airlines to prevent redundancies
Wage protection included in the CARES Act expires on 1 October and airlines are threatening to lay off thousands of workers after that time. The new bill is said to contain funding for airlines to prevent mass redundancies.
Improved unemployment benefits for millions of job hunters
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 state benefits, just as the CARES law did in March. Republicans want to lower the figure to $ 300. The problem-solving proposal puts the figure at $ 450 for eight weeks, with an increase afterwards. The new bill is said to contain unemployment benefits, but we do not yet know how much.
Wage protection programs to help small businesses
The purpose of helping you keep your job is to offer the payroll protection program lending to small businesses as an incentive to keep employees on the payroll – people who might otherwise have lost their jobs during the pandemic.
Tax deductions for employees to help companies keep staff
There is already a program administered by the IRS that aims to give employers a tax break to keep employees on pay until the end of 2020. A new bill could extend or improve the program until 2021.
Extended ban on deportation and potential rent support
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. The new bill is expected to include some form of rental support.
Protection for companies from certain coronavirus lawsuits
Liability protection is high on the agenda of Republican lawmakers. Introduced in, the measure would set a limit on lawsuits against employers, schools and caregivers in connection with coronavirus exposure, with the exception of gross negligence. We do not know whether the new bill will cover liability protection.
Funding to help the USPS manage the election period
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 . The but has not been picked up by the Senate. The Senate’s ‘lean’ bill did not clear the House. The new housing proposal is expected to include funding for the USPS, but we do not yet know how much.
Money to improve the security of the election
The pandemic is expected to create a sharp increase induring the November 3 US presidential election, and many have expressed concern about how the USPS will handle this. The government of a concerted attempt to commit fraud with posts. But the new house proposal will reportedly include funding to ensure the security of the election.
Money for schools to fight coronavirus on campus
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. We do not know if the upcoming new bill from the house will contain money specifically for schools, but it was reported that it would include funds for cities and states.
When some schools opened until August, data from the American Academy of Pediatrics and the Children’s Hospital Association show a 15% increase in cases among children in the previous two weeks, from September 3 to September 17.