Tuesday brought three new ones, two we know about it and one we don’t know. The first was a $ 908 billion stimulus proposal presented by a bipartisan group of senators, which included funding for , small business payroll, and more – but no check. But Senate Leader Mitch McConnell has already said he will not vote it, and has instead put in a small bill of funding for businesses and schools; again, without a check. The third proposal, from Democrats led by House Speaker Nancy Pelosi, is the one we know the least about, aside from the fact that it exists.
If nothis time as a way to keep costs down and increase the likelihood of a certain amount of aid, it is still possible for another payment to be made after President-elect Joe Biden is sworn in . His government could seek a follow-up bill with a higher price tag, including funding for a wider variety of programs.
After being part of the debate for months, what does it mean that there is another stimulus check? not be part of a new account? We look at the other benefits that a new stimulus package could bring you, even without a fresh infusion of cash. And please read theyou should know. This story is regularly updated with new information.
A new bill could extend weekly federal unemployment checks until 2021
Theauthorized in March in unemployment money for the unemployed. When that program ended in July, that extended payments through the end of the year by an additional $ 300 per week, until December 31, or until the money for each state ran out.
With the total number of unemployed workers claiming benefits at a whopping 20 million, the government reported this month, a renewal of federal unemployment aid could directly help millions of people pay rent, food and other necessities.
The Senate’s bipartisan law would provide $ 300 a week in additional federal unemployment benefits for four months, although McConnell’s smaller proposal appears to extend pandemic aid to gig workers for just one month, until January 31, 2021.
If you work for a small business, you may be able to keep afloat
The Payroll Protection Program, also part of the CARES Act, was designed to keep workers in employment by providing forgivable loans to small businesses to cover wages. That means people who work for small businesses should be more likely to keep their jobs, because their employer can get federal money to keep employees on the books.
The new proposal would add $ 300 billion to the small business Paycheck Protection Program. The McConnell Senate revised bill would also provide funding and re-apply for loan companies.
While a July study suggests the payroll program wasn’t as effective as it could have been – with many companies using the loans for unpaid expenses and to build savings, according to a University of Chicago study – both Republicans and Democrats pushed for an extension of the program targeting the hardest-hit small businesses.
Tenant protection could return and stop evictions
One in five tenants will not be caught up on their rent during the pandemic, according to a November US Census study, voiding protections that may be catastrophic for US households. Up to 19 million people could lose their homes if eviction protection is not extended. And more Americans were able to declare bankruptcy personally.
The CARES law covered a period of 120 dayswho were late with rent. Trump extended the moratorium until December 31.
According to the Washington Post, the new proposal protects against evictions through “rental financing.”
Coverage for healthcare costs due to the coronavirus
The new proposal would bring in $ 50 billionand to pay for and . We know these issues have also been of the utmost importance to Democrats, and one .
As we wait for Congress to consider the new bipartisan law, here’s what we know about the state of, which can be and unless Congress acts before the end of the year.