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Home / Tips and Tricks / $ 1 trillion in the Senate versus $ 1.8 trillion in the White House: Only one has a stimulus check

$ 1 trillion in the Senate versus $ 1.8 trillion in the White House: Only one has a stimulus check



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The discussions about a second stimulus check progress in attacks. Here is the latest status update.

Angela Lang / CNET

All eyes are on Congress as pressure mounts to pass another law to ease incentives this year, either through a series of stand-alone laws or through a large, comprehensive package. The Coronavirus pandemic continue to wreak havoc on the economy and Healthcare: More than 219,000 people have died of COVID-19 in the US, and more than 8 million known cases are known in the US, according to Johns Hopkins University.

President Donald Trump is Call on Republicans and Democrats to work together to pass a new stimulus bill – although he first tweeted support for ending the negotiations and then said he wanted lawmakers to “big” a $ 1.8 trillion package presented on October 9th. This bill includes funding for another $ 1,200 stimulus check to the eligible Americans, along with a payroll renewal for airlines and other industries.

House Spokeswoman Nancy Pelosi and Treasury Secretary Steven Mnuchin have spoken daily saying they are making progress on language, funding and other details on the bill. Meanwhile, Trump has urged Congress to “go higher” than the $ 1.8 trillion package.

But Senate Majority Leader Mitch McConnell pushed back, saying Senate Republicans would not approve of an increase in funding. On Tuesday, McConnell is preparing to put a standalone $ 500 billion bill to the vote in support of the paycheck protection program. The next day, starting in September, the Senate will vote again on its $ 500 billion bill, which was not passed and blocked by the Democrats. Neither minor bill would be included Stimulus checksand it is unlikely that either of them will vacate the House of Representatives.

Still confused? You’re not alone. We’ll help you get an overview of what exactly might be included in a standalone bill or a larger stimulus package – one that is either in the weeks leading up to Election on November 3rd or maybe returned to the drawing board after the election. This story is updated often.

What the two Senate bills contain

The Senate’s PPP bill of October 20: This $ 500 billion move focuses on the paycheck protection program, which was part of the CARES bill this spring, that gave small businesses unsuccessful loans to keep employees on payroll. This bill does not include funding for another round of stimulus checks.

“”Skinny “bill revote: On October 21, the Senate will again vote on a $ 500 billion package that includes $ 300 more unemployment benefits and small business aid, funding school openings, and helping the U.S. Postal Service. There is also limited liability coverage for employers and healthcare workers, which will determine who can sue if they contract COVID-19. It will not include stimulus testing for individuals.


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Next stimulus checks: what to expect


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Further stimulus package proposals for one issue

$ 1,200 stimulus checks: October 6th after hospitalization due to COVID-19Trump said he would sign an authorizing bill another check for $ 1,200 immediately. Another Direct payment to qualified people is one of the areas where everyone – both Republicans and Democrats – seem to agree.

Airline support: With the aviation industry hit hard by the coronavirus-induced Economic crisis The negotiators have started flagging airline support for stand-alone laws. “Let me just be very clear,” Pelosi said on October 8th. “I was very open to a separate bill for the airlines.” The House had previously passed a $ 28.8 billion bill to assist airlines, which Pelosi proposed as a starting point for the legislation.

Support for the US Postal Service: This summer the House passed bill to address concerns about the service and the upcoming elections, and provide an additional $ 25 billion in funding. The Senate did not take the bill.

So what’s in the White House’s $ 1.8 trillion stimulus proposal?

Pelosi and Mnuchin have been meeting for months to discuss the size and approach of the next law on economic relief. The two have been negotiating every day for the past week and are getting closer to an agreement.

According to the Washington Post, Mnuchin’s current offering is $ 1.8 trillion and includes:

Another incentive payment: Irritation tests up to $ 1,200 to the eligible adults and $ 1,000 for qualified child addicts (the CARES law Set dependent payments to $ 500).

Unemployment benefits: The proposal envisages an increase in unemployment benefit to $ 400 per week (up from $ 600 in the CARES Act, but compared to the $ 300 that Trump authorized this summer through Executive Action).

Funding for coronavirus testing and tracking: Earlier this week, Mnuchin ditched that earlier blocker, saying the White House would include money for coronavirus testing and tracking its stimulus offering.

State and local funding: The proposal includes $ 300 billion for cities and states, up from $ 250 billion in an earlier proposal.

100 dollar bills

In many countries, the increased unemployment benefits are already ending and people are eagerly awaiting a new aid package that includes more funds for the program.

James Martin / CNET

What’s on the $ 2.2 trillion Democratic business cycle?

Pelosi continues to refer to the updated version of the Heroes Act (PDF) as the basis for a new bill. The House passed the bill on October 1st largely party-political. The new hero law contains:

Direct payments: The current democratic proposal calls for payments of up to $ 1,200 per person and $ 500 for each dependent.

Payroll support for small businesses and airline employees: The democratic plan would reimburse payroll protection and extend the program to airline employees.

Unemployment benefits: The plan would re-approve the $ 600 unemployment benefit by January 2021.

State and local funding: The bill would help state and local governments pay critical workers, including first responders and health workers.

Home help: The proposal would renew financial support to renters and homeowners to meet rental and mortgage payments.

More information can be found here Coronavirus hardship loan and unemployment insurance, and What can you do when you’ve lost your job?.




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