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The White House’s $ 1.8 trillion stimulus package: All in all, including a $ 1,200 check



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Talks about a second stimulus control are progressing in trouble. Here is the latest status update.

Angela Lang / CNET

If Congress can adopt another stimulus bill this year, will the House and Senate do so through a series of focused bills addressing specific issues, or with a large comprehensive package addressing a range of funding? Both methods would help address the ongoing effects of coronavirus pandemic on the economy and public health which currently affects hundreds of millions of people in the United States. More than 214,000 people in the United States have died from COVID-19, according to Johns Hopkins University.

President Donald Trump – who announced on October 2 that he and First Lady Melania tested positive for coronavirus continues to urge negotiator to work together on a new stimulus bill, despite turning around to stop negotiations and go “big” on a $ 1.8 trillion package unveiled on October 9th. $ 1,200 stimulus checks and a renewal of payroll assistance for airlines and other industries. The current White House proposal is a $ 1.8 trillion package, less than $ 2.2 trillion, presented by the Democrats.

Following backlash from both Republicans and Democrats, Trump’s camp is now urging Congress to divert funds from disaster relief to an independent rescue operation – possibly for small businesses or the aviation industry.

Foolish yet? Confused? You’re not alone. We help you find out what top issues may be in a stand-alone bill or overall stimulus package – one that would either squeak before November 3 election or perhaps return to the drawing board after the election. This story is updated frequently.

What does the White House’s $ 1.8 trillion incentive offer contain?

House Speaker Nancy Pelosi has been meeting for several months with Secretary of the Treasury Secretary and chief White House negotiator Steven Mnuchin on the size and method of the next law on financial relief.

Senate Republicans have reviewed several proposals for new stimulus legislation – starting this summer with $ 1 trillion HEALS Act to a “lean bill” of $ 500 billion that lacked stimulus controls – but none of the proposals got a grip. For the ongoing round of talks, Mnuchin uses a two-party proposal out of the House as a starting point. The approach has the support of others, including Republican Sen. Lindsey Graham, who said “It has many good things for individuals and businesses.”

According to The Washington Post, Mnuchin’s current bid is $ 1.8 trillion and includes:

Another incentive payment: Stimulus controls up to $ 1200 for eligible adults and $ 1,000 for qualified child dependents (CARES law set up dependent payments of $ 500).






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Unemployment benefit: The proposal puts improved unemployment benefits at $ 400 per week (down from $ 600 included in the CARES Act but up from $ 300 that Trump approved this summer through executive action).

State and local funding: A major sticking point, the proposal contains $ 300 billion for cities and states, up from $ 250 billion in an earlier proposal.

Pelosi’s deputy chief of staff, Drew Hamill, said on Friday that the speaker was concerned about the lack of “a strategic plan to crush the virus” in the government’s proposal.

White House spokeswoman Alyssa Farah said Friday that the administration wants to keep the cost of the bill below $ 2 trillion. It is also unclear whether Senate Republicans would support a $ 1 trillion deal.

What a standalone bill can contain

As a way to achieve some of the goals that a comprehensive bill can achieve, White House leaders have sometimes pushed for smaller, targeted bills that they say everyone can agree on.

“We’re still willing to be engaged, but I’m not optimistic about a big deal,” White House Chief of Staff Mark Meadows told Fox News this week. “I’m optimistic that there are about ten things we can do at times.” Trump called for three areas in which he would support targeted legislation.

$ 1,200 stimulus checks: On Tuesday, Trump said he would sign a bill that approved additional $ 1,200 check immediately. Other direct payment to qualified persons is one of the areas that everyone – both Republicans and Democrats – seems to have agree. And with new unemployment claims over 800,000, the need for additional help is urgent.

Airline assistance: With the aviation industry hit hard by coronavirus-induced economic slump and started tough workers, negotiators have tagged aviation assistance for independent legislation. “Let me just be very 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.

Salary check protection program: The wage protection plan that was included in this spring’s CARES Act provided forgivable loans to small businesses as an incentive to keep employees on wages. Trump said he would “sign now” a bill approving additional funding to protect small business wages.

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.

$ 100 bills

Enhanced unemployment benefits are already coming to an end in many states, leaving people anxiously awaiting a new aid package that includes more funding for the program.

James Martin / CNET

Democrats’ comprehensive $ 2.2 trillion offer

Pelosi continues to point to the updated version of The Heroes Act (PDF) as the basis for a new bill. The house approved the bill on 1 October largely 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 for important workers, including first aid and health workers.

Housing support: The proposal would renew financial support for tenants and homeowners to meet rent payments and mortgages.

What happens now

What happens next is up in the air. Politico reports that negotiators intend to work during the weekend and until next week with an agreement. But Senate Majority Leader Mitch McConnell warns that with the election just under three weeks away, it is likely that an agreement will not be reached until November 3.

For more information, here is what you need to know about coronavirus difficulties loans and unemployment insuranceand what you can do if you have lost your job.




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