“We’re drafting right now, and so … Monday is kind of a goal,” said Representative Tom Reed, who is co-chair of the Problem Solvers Caucus, on Friday of passing some form of emergency response legislation for it. end of the year. “This is about ensuring that the money is allocated to the most deprived.”
The two new stimulation proposals show major differences. A bipartisan group of senators and representatives is suggesting a $ 908 billion framework, while Senate Leader Mitch McConnell is pushing for a roughly $ 500 billion revision (in our opinion) of a Senate Republican plan that fell through twice before.
Neither includesthis time, but one more could The $ 908 billion proposal is backed by a group of Republican and Democratic senators, and has the conditional backing of top US leaders, including President-elect Joe Biden and a growing number of Republicans. (House Speaker Nancy Pelosi and Senate minority leader Chuck Schumer endorsed it as “the basis for immediate” negotiations.)
Let’s take a look at the major funding categories still to be discussed. We recently updated this story with new details.
More federal unemployment benefits
Theto unemployed workers, in addition to their usual unemployment check. When this funding expired in late July, to pay a bonus of $ 300 per week. Which .
The bipartisan proposal – drafted by more than a dozen representatives and senators – would bring in $ 300 a week in additional federal unemployment benefits for four months. Jeff Stein of the Washington Post reported that the bipartisan group was able to make payments retroactively for missed months.
McConnell’s plan would extend the CARES Actprograms for a month through January, but does not set dollar amount.
A smaller proposal from Senators Sherrod Brown, Chuck Schumer and other Senate Democrats called the American Worker Holiday Relief Act would focus solely on extending unemployment benefits from $ 600 retroactively from September 2020 to October 2021.
Comprehensive Payroll Protection Program to help pay employees
The Payroll Protection Program initially provided loans that could be forgiven small businesses to cover employee wages and keep employees on the books rather than laying them off.
The new two-pronged proposal would add $ 300 billion to the small business Paycheck Protection Program. McConnell’s plan would also raise $ 300 billion to fund the loans.
Renewal of tenant protection against evictions
The CARES Act has onefor tenants who were late with the rent. When that was due to expire, Trump extended the ban, but that extension also expires at the end of the year.
According to the Washington Post, the new bipartisan proposal would guard against evictions through “rental financing.” In a press conference following the announcement, senators offered little more than calling the protection “housing and rental assistance.”
In describing his bill sent by the senator to fellow Republicans, McConnell makes no mention of continued eviction protection.
Funding for health care and coronavirus vaccinations
With the land ready to releasealready this month, the proposals focus on financing the distribution of the vaccine.
“As for COVID assistance, we recognized the recent positive developments in vaccine development and the belief that it is essential to significantly fund distribution efforts to get us from vaccine to vaccination,” House Speaker Nancy Pelosi said in a statement Tuesday. statement.
The two-pronged proposal would raise $ 50 billion for vaccine distribution, along with fundingand efforts. McConnell’s bill provides $ 16 billion for testing and tracking, with support for vaccine manufacturing.
Liability protection against COVID-19 lawsuits
Republican lawmakers have been supporting limiting COVID-19 liability since this summer, which aims to curtail a flood of lawsuits against businesses, schools, hospitals and other organizations from people who said these institutions were causing them the coronavirus. incurred except in cases of gross negligence.
The two-pronged plan provides for a six-month moratorium on some coronavirus-related lawsuits against organizations, giving states plenty of time to create their own liability protections, the senators said. McConnell’s liability protection would be more stringent and get in the way of state laws.
Money for schools and childcare
Funding for education was part of proposals for more economic aid dating back to May. The two-pronged plan would set aside $ 82 billion for education and another $ 10 billion for childcare. McConnell’s plan would also pay for education and childcare, with $ 105 billion to “help get students back to school,” from elementary schools to higher education.
No extra stimulus check until 2021?
The bipartisan bill would be oneto keep the total cost of the account low.
McConnell’s plan also omits any other direct payment. After President-elect Joe Biden was sworn in on January 20, his government could file for a follow-up bill with a higher price tag thatfrom .
While we wait to see how and when, here’s what you need to know , and .