Congress to vote on $900B COVID-19 bill, including stimulus payments
- by Joann Nelson
- in Sci-tech
- — Dec 23, 2020
It adds another $300 a week to Federal unemployment benefits, provides almost $300 billion in aid for small businesses, $8.75 billion for distributing the vaccine, and $25 billion for rental assistance to help.
In a joint statement late Sunday, House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) touted the inclusion of additional provisions aimed at assisting struggling Americans, including $13 billion for nutrition aid, an extension of paid sick leave benefits, $25 billion in rental assistance, $82 billion for schools, and $10 billion for childcare.
Relief is on the way for Americans financially strapped during the COVID-19 crisis.
People will receive $600 stimulus checks based on income, according to the Democratic overview of the plan obtained by McClatchy News.
The stimulus check will go to adults making less than $75,000 a year or for a couple, $150,000. Deposits are anticipated to begin arriving before the end of the year. He wanted to rescind some of the unused funds from the emergency loan program, as well as stop some of the changes to the Fed approved in the CARES Act. Undocumented individuals, however, will still be excluded from receiving funds themselves.
Those who are unemployed due to COVID-19 related reasons will receive an additional $300 per week on top of their unemployment benefits. It also expands unemployment benefits to gig workers and self-employed workers. That limit would be increased by $10,000 for every child claimed on taxes.
The bill also extends the deadline for states to use federal funding from the CARES Act through the end of 2021.
Congress has reached an agreement on a new relief package, including a $600 second stimulus check.
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Businesses small and large should see some relief from the bill. It would direct another $20 billion to small business grants and $15 billion to live event venues.
$16 billion for airlines to pay the salaries of workers and contractors.
The measure will be tied to a $1.4 trillion must-pass spending bill that will fund federal agencies and programs through September 30, the end of the fiscal year.
Congress also allocated $325 billion to small businesses, including $284 billion for the U.S. Those making more than $99,000 would not receive anything.
More than $110 billion will be set aside toward tax breaks for niche industries like liquor producers, the motorsports entertainment industry and electric motorcycle manufacturers, according to the bill's text.
PJ Media's Victoria Taft highlighted the absurd sections in the bill, including a "Climate Security Advisory Council", "gender programs" in Pakistan, funding to investigate the 1908 Springfield Race Riot, and more.
There has been even further speculation about the possibility of this second stimulus check, which has been confirmed Sunday to go out to eligible Americans.
Notably, parents will also receive $600 for each of their under-18 dependents - i.e. $2,400 for a family of four. Under the new law, it would become illegal to charge those bills directly to patients starting in 2022; instead the providers would be obligated to negotiate with insurers (on-the-ground ambulance services would remain exempt). "The Recording Academy is pleased that Congress heard the call of thousands of music creators and included protections for the music community in the omnibus bill". "Our consensus was the foundation of this final package".
