As COVID-19 cases and weekly unemployment rates rise again, many individuals and families will be under increasing pressure to make ends meet through the end of 2020 and through 2021. Without Congress acting this year,that offer and expire on December 31.
As the country enters 2021 without more federal economic aid, President-elect Joe Biden said on Tuesday that he is ready to presentafter taking office .
Until then, here are the major funding categories currently being discussed.
This story has been updated with new information.
Renewed 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 Senate’s two-party proposal – drafted by more than a dozen senators, including Democrats Joe Manchin and Mark Warner and Republicans Mitt Romney and Susan Collins – would bring in $ 300 a week in additional federal unemployment benefits for four months.
McConnell’s plan would extend some of the CARES unemployment aid by one month to January, but does not set a dollar amount.
Comprehensive Payroll Protection Program to fund small business wages
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 Senate’s new two-party proposal would add $ 300 billion to the Small Business Paycheck Protection Program. McConnell’s plan would also raise $ 300 billion to fund the loans.
Extra protection for tenants 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 Senate proposal would provide protection 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 reportedly sent by the senator to his fellow Republicans, McConnell makes no mention of continued protection against eviction.
Funding for health care and COVID-19 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 Senate’s bipartisan 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 to protect businesses from 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 Senate’s 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.
Funding for school 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 stimulus check until 2021?
While we don’t know the details of the latest Democratic plan, 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, including a.
While we wait to see how and when, here’s what you need to know , and .