Adding to the pressure, lawmakers have only two weeks to complete their work if they want to meet a March 14 deadline to extendIn addition to raising the federal minimum wage, the nearly 600-page bill would too , and send to struggling families and individuals.
Here’s what you need to know about the Stool Bill as it goes to the Senate, including, which falls in the This story is regularly updated with new information.
$ 15 minimum wage fight moves to Senate
Raising the federal minimum wage is a cornerstone of the Democrats’ economic recovery plan, as well as the most controversial and endangered part of the bill. The minimum wage has been $ 7.25 per hour since 2009. If Congress raised the minimum wage to $ 15 an hour, 32 million American workers, or 21% of the workforce, would see their hourly wages rise, according to the Economic Policy Institute, a left-wing think tank.
“An increase in the minimum wage is a financial necessity for our families,” said house speaker Nancy Pelosi prior to the vote in the House on Friday evening. “It is therefore inevitable for all of us to meet the $ 15 minimum wage, even if it is unimaginable to some.”
The house-approved bill includes the $ 15 minimum wage increase, but the wage increase meets growing resistance from Republicans, some Democrats, and even the Senate MP, who will determine which items can and cannot be included in the bill under a, on which Democrats rely to speed the bill through the approval process.
It is up to the Senate to tackle the minimum wage provision. The Senate could quote the language of the minimum wage upon receipt of the bill. Or it could take a different route, such as punishing large corporations for not paying employees at least $ 15 an hour. While most Republicans are against the bill, some are pushing for a smaller pay rise. Republican sens. For example, Tom Cotton and Mitt Romney suggested going lower and setting the minimum wage at $ 10.
On the Democratic side, Senator Joe Manchin said the $ 15 an hour rate is too high and that he would support an increase to $ 11 an hour. Fellow Democrat Kyrsten Sinema is also against. Both votes are considered essential for the package to succeed along party lines.
A third $ 1,400 incentive check, with an income limit
Aquantity looks. However, Congressional Democrats are considering new rules According to those proposed eligibility rules, some for the first two payments, the discount may not be achieved for a third. A hard income, meant to exclude higher incomes from getting a check, would be accompanied by a rule change for the in the Check out our to see how that could work for you.
The new proposal would give the IRS a deadline of December 31 of this year to complete sending the incentive checks.
For this, Congressional Democrats urge to include and Be here , or or be Here’s what And here is
What’s the matter with student loan forgiveness?
Student loan debt forgiveness is on the table, but Senate Democrats and Biden have different dollar figures in mind for how much to cancel. Biden said this month that he is in favor of canceling $ 10,000 in student debt and extending the break on student loan repayment. Biden’s figure is at odds with a Senate Democrat proposal calling for forgiveness of up to $ 50,000 in student debt.
“I really think that at this point in time of economic pain and stress, we should eliminate interest on the debt that has accrued, # 1. And # 2, I am willing to write off the $ 10,000 debt, but not. $ 50,000, ”Biden said on February 16. The bill does not cover student loan debt.
Additional $ 400 in weekly unemployment benefits
If passed on March 14, the new bill would extend federal unemployment aid without a shortage of funding. The House version of the plan would send $ 400 federal unemployment benefits through August, with triggers that would extend benefits beyond September for those who remain unemployed and include automatic payment adjustments related to health and economic conditions.
The weeklyCongress approved in December as part of the $ 900 billion COVID-19 emergency response legislation
A larger child discount would bring in thousands of dollars more
The house bill wouldthat currently allows families to claim a $ 2,000 credit for children under 17. If approved, the plan would extend the benefit to lower-income families who would otherwise not receive the credit. Families can claim up to $ 3,600 per year for a child under the age of 6 and up to $ 3,000 per year for children ages 6 to 17.
According to Howard Gleckman, a senior fellow at the Tax Policy Center, the expansion would target low- and middle-income households. “More than a third of the benefits would go to the lowest-income parents, who would receive an average tax cut of nearly $ 3,300,” Gleckman wrote on Feb. 10. “Low- and middle-income parents would get nearly 80% benefits.”
The plan would also extend the tax credits for a year to help cover childcare costs. As a tax credit, families could get back as much as half of their childcare expenses for children under 13, up to $ 4,000 for a single child and $ 8,000 for two or more children.
Delivery of the coronavirus vaccine in the US.
Nearly 95 million vaccine doses have been distributed in the US so far – and more than 70 million administered – as the country is on track to meet Biden’s goal of 100 million vaccine shots in the first 100 days of his administration (April 30 would be 100 days) . days after Biden’s inauguration on January 20). Speaking at a town hall-style rally on CNN on Feb. 16, Biden said the country will have enough supplies to vaccinate everyone in the U.S. The goal then becomes to have enough other supplies and people to administer the vaccine.
Biden’s plan would set aside $ 160 billion for onethat would help state and local governments get the vaccine into people’s systems.
Deportation ban extended until September
The new proposal would extend the expulsion and exclusion moratoriums until September 30. The plan would provide $ 30 billion in rental assistance to renters and small landlords, especially low- and middle-income households. On January 20, Biden signed an executive order extending the deportation ban through March, meaning it may not be part of the latest new stimulus law at all.
Funds to Help Schools Reopen During COVID-19
Bringing students back to campus is a critical part of the economic recovery. The bill would work to return students to schools by safely reopening a majority of classrooms from kindergarten through eighth grade in the first 100 days of administration.
Extra money for national, local and tribal governments
Since the fall, economists have urged Congress to provide funding for state and local government jobs. “There are strong arguments in favor of additional aid, because the downside risk of doing nothing is very real,” said conservative think tank American Enterprise Institute late last year. “The fact that more than 1 million state and local government employees have lost their jobs is a sign that the tax problems have had real repercussions.” In addition to state and local funding, the bill would provide resources for food and water aid and food stamps.
For more information on incentive money, here are the, how and how you