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New stimulus package versus CARES Act: what’s different this time?



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What’s different about the new $ 900 billion stimulus package and what’s the same?

Angela Lang / CNET

After weeks of back and forth, Congress passed a new one Incentive package of $ 900 billion to follow up on the March CARES law, including one $ 1,200 stimulus check$ 600 in weekly federal unemployment insurance and a range of other benefits. however, the new incentive account comes in less than half the budget, reducing many of the benefits of the original CARES law.

For example, an second stimulus control would be a fraction of the amount for qualified Americans (a $ 600 maximum per adult, to fewer households). And the weekly federal unemployment benefit is cut in half for an additional $ 300 per week, for much less weeks. The same applies to protection against expulsion and other programs.

The $ 900 billion incentive bill seen as a short-term aid package until early 2021, true President elect Joe Biden and his administration is expected introduce yet another stimulus package to address some of what the $ 900 billion bill is omitting.

While we wait for President Donald Trump to sign it into law, let’s dive deeper into the key aspects of each proposal, show how they look alike, and examine all the differences. This story has been updated with new information.

read more: Now calculate the total of your second stimulus check

$ 908 Billion Incentive Bill vs CARES Act vs Heroes Act


New incentive law (Dec 2020)

CARES Act (March 2020)

Revised Heroes Law (October 2020)
Total costs of the incentive package

$ 900 billion

$ 2.2 trillion

$ 2.2 trillion

Stimulus check maximum payment amount

$ 600 in single filers making less than $ 75,000 per year, $ 1,200 for joint filers under $ 150,000. Reduced $ 5 per $ 100 income above the limits.

$ 1,200 for single filers making less than $ 75,000 per year, $ 2,400 for joint filers under $ 150,000. Reduced $ 5 per $ 100 income above the limits.

Same as CARES.

Incentive Fund Allocation for Dependent Children

$ 600 for all dependents age 16 and under. Students aged 24 and under are not eligible.

$ 500 for all dependents age 16 and under. Students aged 24 and under are not eligible.

$ 500 for all dependents, no age limit.

Weekly federal unemployment insurance

$ 300 a week in addition to state benefits.

$ 600 per week in addition to state benefits.

Same as CARES.

How long will the increased unemployment last

Expires on March 14 (11 weeks).

Expired on July 31 (16 weeks).

Through January 31, 2021, with a transition period until March 31, 2020. Allocates $ 925 million to assist states in processing claims.

Paycheck Protection Program

$ 325 billion in total, including $ 284 billion in PPP loans, $ 20 billion for businesses in low-income communities, and $ 15 billion for struggling live venues, movie theaters, and museums.

Allocated a total of $ 659 billion in forgivable small business loans, which must use 75% of the payroll to qualify for forgiveness. $ 130 billion remains, but will expire on August 8.

Allocates more than $ 30 billion. Grants second loans to small businesses with fewer than 200 employees who have experienced a 25% drop in quarterly sales. Exclude listed companies from qualifying for second loans. Imposes limits on companies with more than one physical location. Streamlines the forgiveness process.

Tax credit for employees

Renews CARES tax credit.

Tax credit on 50% of up to $ 10,000 in wages.

Improves tax credit enshrined in CARES Act.

Deportation ban

Extends CDC’s eviction moratorium through Jan. 31, 2021 and allocates $ 25 for rental lighting.

Prohibits late fees through July 25 and evictions through August 24 for properties backed by federal mortgage programs (Fannie Mae, etc.) or receiving federal funds (HUD, etc.)

Allocated $ 59.1 billion for rental lighting and other housing services. (Expulsion moratorium already imposed by CDC order.)

Reopening of schools

$ 82 billion, including $ 4 billion for a governors’ support fund, more than $ 54 billion for public K-12, and nearly $ 23 billion for higher education. Plus an additional $ 10 billion for out-of-school childcare.

Does not address.

$ 182 billion for K-12, $ 39 billion for higher education, $ 57 billion for childcare.

Testing, tracing and treating coronavirus

$ 69 billion in total: $ 20 billion to purchase vaccines, nearly $ 9 billion to distribute vaccines, and about $ 22 billion to test, detect, and other COVID-19 programs.

Does not address.

$ 75 billion.


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