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Home / Tips and Tricks / The Stool Bill gets controversial again: incentive check, unemployment money, funding for your state

The Stool Bill gets controversial again: incentive check, unemployment money, funding for your state



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

Sarah Tew / CNET

It’s been a little over a week since a group of senators announced themselves a bipartisan bailout of $ 908 billion as a way to send more economic aid by the end of 2020. Almost immediately, other leaders in Washington – from Republican Senators Josh Hawley on the right and Bernie Sanders on the left to President Donald Trump – will cast their own proposals in the ring as a way to reboot stalled stimulus conversations on another lump sum payment.

But Congress is working on a tight deadline, with only a few weeks a year left to put together a package that will extend an extension of a handful of benefits expire and have Trump sign it into law.

To keep costs below $ 1 trillion and reach an agreement quickly, the bipartisan group of senators skipped a second stimulus check in their proposal. The first direct check was popular with recipients and many in Congress, as Republican and Democratic lawmakers as well as Trump urged Congress to another round of direct payments until the last desperate attempt to provide more economic aid.

The stimulus check proposals range from a $ 600 stimulus check to any eligible adult and child of the White House, the Washington Post reported $ 1200 payments from Hawley and Sanders.

Seeking another avenue to break the deadlock, Senate Leader Mitch McConnell has offered to set aside two bottlenecks for the majority – liability protection and funding for state and local governments – if that would help Congress strike a middle ground in a deal.

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

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, Treasury Secretary Steven Mnuchin said he would propose to House Speaker Nancy Pelosi for $ 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. To offset the costs of the controls, the administrative proposal would reduce the amount of employment aid.

On Thursday, both Hawley and Sanders said they would submit proposals for another round of $ 1,200 payments. “I will table an amendment,” Sanders said Thursday, “to make sure that … every working-class adult in this country receives an additional $ 1,200 direct payment, plus $ 500 for their children.”

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.

“In terms of COVID assistance, we recognized the recent positive developments vaccine development and the belief that it is essential to significantly fund the distribution efforts to move 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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