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Home / Tips and Tricks / Pressure is mounting to add $ 600 incentive checks to $ 908 billion two-tier bill: the latest

Pressure is mounting to add $ 600 incentive checks to $ 908 billion two-tier bill: the latest



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Here’s what we know about the front runner accounts.

Sarah Tew / CNET

Congress began the week looking forward to it a $ 908 billion bipartisan proposal as a way to kickstart stalled stimulus conversations and send more economic aid before the end of 2020.

But while Congress weighs the bill, a handful of benefits expire leave it out before the end of the year a second stimulus checkeveryone from Republican and Democratic lawmakers to President Donald Trump is calling on lawmakers to add another round of direct payments until the last desperate attempt to provide more economic aid.

While the White House is reportedly pushing for a $ 600 incentive check any eligible adult and child As a way to gain wider support from Congress, the Washington Post reported, Senate Majority Leader Mitch McConnell sought another avenue to break the deadlock and offered Tuesday afternoon to set aside two majority bottlenecks. – liability protection and funding for state and local governments – if that would help Congress strike a middle ground in a deal.

However, a few hours later, Treasury Secretary Steven Mnuchin said he and the White House wanted liability protection and funding for state and local governments in an aid package, and House Speaker Nancy Pelosi sent a new proposal that would include both measures.

However, after reviewing the government’s proposal, Pelosi and Senate Leader Chuck Schumer said they will continue to support the original $ 980 billion bipartisan bill. Members of the House and Senate have negotiated in good faith and continue to make progress. The two-pronged talks are the best hope for a two-pronged solution, Pelosi and Schumer said in a statement Tuesday evening.

Confused yet?

The $ 908 billion package is designed to serve as a “short-term emergency response package to get us through the early months through a very harsh winter to the new government,” said Representative Josh Gottheimer, a Democratic member of the bipartisan. party. group, on NBC’s Meet the Press on Monday. The proposal in its original state would omit sending Americans a second stimulus checkhowever.

But a rowdy group of Democrats and at least one Republican said almost immediately they will not back the account without a direct payment to individuals and families. According to Politico, Republican Senator Josh Hawley of Missouri said he urged Trump to veto the bill if it doesn’t include a new stimulus check. “I think it’s vital that any kind of relief includes direct payments, and if it doesn’t, I’m not going to vote for it,” Hawley told Trump.

Let’s take a look at the main funding categories that can cover the new compromise proposal and counter-offer. We update this story with new details.


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Is there a second incentive payment inside or outside?

The first version of the $ 908 billion binary bill would be one second economic stimulus check to keep the bill’s overall cost low, the bill’s supporters said. As of this summer, the IRS said the cost of the first round of payments is $ 270 billion.

However, Biden said on Friday, “It would be better if they had the $ 1,200.” On Tuesday, following Biden’s comments, a group of senators, including independent Bernie Sanders and Democrat Elizabeth Warren, demanded that the proposal include a check for $ 1,200. “The American people need help, and they need help now. We agree with President-elect Biden that a direct payment of $ 1,200 should be included in this proposal,” Politico reported.

Following a report on Tuesday by the Washington Post that the Trump administration is pushing Republicans in the Senate to add a check for $ 600, Mnuchin said he had sent Pelosi a proposal worth $ 918 billion. In his statement, Mnuchin doesn’t mention a $ 600 incentive check, but the Post reported that the White House proposal included $ 600 checks for each eligible adult and child.

More federal unemployment benefits

The CARES Act passed in March gave $ 600 a week to unemployed workers, in addition to their usual unemployment check. When this funding expired in late July, President Donald Trump has signed an executive action to pay a bonus of $ 300 per week. Which the money will run out by December 31.

The bipartisan proposal – drafted by more than a dozen members of the House and Senate – would bring in $ 300 a week in additional federal unemployment benefits for four months. White House economic reporter Jeff Stein of the Washington Post reported that the bipartisan group could make payments retroactively for missed months.

The Washington Post reported that Mnuchin’s new government proposal would drastically cut federal unemployment benefits under the bipartisan law in exchange for another round of checks.

Comprehensive Payroll Protection Program to help pay employees

The Payroll Protection Program initially made loans to small businesses that could be forgiven to cover employees’ wages and keep employees on the books instead of firing them.

The new bipartisan proposal would add approximately $ 300 billion to the small business Paycheck Protection Program. According to the Washington Post, the bill would aim to support businesses particularly hard hit by closings, including restaurants.

Renewal of eviction protection for tenants

The CARES Act has one national ban on deportations for 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 “rent subsidy financing” by providing financial aid to landlords.

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Both parties are weighing up the options for a possible stimulus package.

Sarah Tew / CNET

Funding for health care and coronavirus vaccinations

With the US ready to release the first wave of vaccines against the coronavirus already this month, the proposals focus on financing the distribution of the vaccine.

“Regarding COVID emergency response, we recognized the recent positive developments vaccine development and the belief that it is essential to significantly fund distribution efforts to get us from vaccine to vaccination, ”Pelosi said in a statement Tuesday.

The bipartisan proposal would raise $ 16 billion for vaccine distribution, along with funding coronavirus testing and track down contact efforts.

read more: What you need to know about the Timeline of the COVID-19 Vaccine, Hidden Costs, and More

Liability protection against COVID-19 lawsuits

A major sticking point during the summer and fall, Republican lawmakers have backed limiting COVID-19 liability, which is designed to curtail lawsuits against companies, schools, hospitals and other organizations from people who said these institutions are got them the coronavirus, with the exception of cases of gross negligence. Democrats have opposed the plan.

The two-pronged plan sets 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 said at a press conference on Tuesday that he would support the setting aside of liability limits along with state and local funding to reach a deal. “What I recommend is that we put the liability aside and put the state and the locals aside and pass on those things that we can agree on, knowing we’ll get back to this after the first of the year,” McConnell said.

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 $ 10 billion for childcare.

State and local aid

The bipartisan proposal would include $ 160 billion for state and local aid, which Democrats have been backing since this summer. Republicans have opposed the aid, but Rep. Gottheimer told NBC on Monday that he thought the bipartisan group had almost addressed the GOP’s concerns.

However, McConnell said he would support the omission of state and local aid, along with liability protections against a bipartisan law to get it passed. “We have to communicate what we can agree on,” McConnnell said Tuesday. The government’s proposal would include funding for state and local governments, along with liability protection.

While we wait to see how and when negotiations shake up on current proposals, here’s what you need to know loans against coronavirus, unemployment insurance and what to do if you have lost your job.




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