After a week offbetween Finance Minister Steven Mnuchin and House Speaker Nancy Pelosi to build bridges over a divisive financial aid package, a vote will take place soon, one way or another.
This time, Democrats and Republicans are trying to meet in the middle between revised frameworks for– now $ 2.2 trillion, down from $ 3.4 trillion – and the bipartisan Problem Solvers Caucus to $ 1.5 trillion.
The Democratic-led House of Representatives’ revised proposal would include aof for , renewed , small business loans and air support. The House is expected to vote on the $ 2.2 trillion bill on Thursday.
Read on to learn the suggested benefits that a new stimulus package can include if it becomes law before or after. Read more at . This story is updated frequently.
Second stimulus control for as much as $ 1200 per US
Democratic and Republican lawmakers have decided on the need for a second direct payment of up to $ 1,200 per eligible American adult and additional money for relatives (find outand ).
The new House proposal – which Democrats refer to as an “updated version of the Hero Act” – contains similar provisions for stimulus checks as in Marchand expands who is considered an addict, in accordance with the requirements of the Hero Act. The new bill would send $ 500 to all persons who the taxpayer can claim as dependent, regardless of age, according to the new bill (“the number of taxpayers dependent for such a tax year.”)
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Money for the aviation industry 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 house bill would extend the wage support program to the aviation industry to prevent mass redundancies. On October 1, America and United went on to 32,000 employees when aid ceased.
Improved unemployment sustains millions of jobseekers
An interim measure for the federal government to fund $ 300 a weekwas scheduled to run six weeks and is already ending 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 benefits just as the CARES Act did in March. Republicans want to reduce the figure to $ 300. The problem-solving proposal puts the figure at $ 450 for eight weeks, with an increase afterwards. The new house bill includes $ 600 for unemployment benefits through January 2021.
Wage protection programs to help small businesses
The purpose of helping employers keep workers on the payroll provides the wage protection program in the CARES Act with forgivable loans to small businesses as an incentive to keep employees on the payroll – people who would otherwise have lost their jobs during the pandemic. According to the revised Heroes’ Act, the plan would cover the restaurant industry, independent operators of venues and airlines.
Tax deductions for employees to help companies keep 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. The new housing proposal renews tax breaks to encourage employers to keep workers on pay.
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 housing proposal includes protection for eviction and financial support for homeowners to compensate for reductions in rent payments.
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.
Money 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 new housing proposal includes additional funding for the USPS. The House of Representatives earlier it was not picked up by the senate. The Senate’s ‘lean’ bill did not clear the House.
Support for election security
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 bill comes with funding to ensure the security of the election.
Funding 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. The new house bill contains money especially for schools.
When some schools opened until August, data from the American Academy of Pediatrics and the Children’s Hospital Association show a 14% increase in cases among children in the previous two weeks, from September 10 to September 24.