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New stimulus package: what is kept, what is cut? Where it is today



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Talks about a second stimulus check are in full swing – or are they? Here is the latest status update.

Angela Lang / CNET

“The day-to-day discussion can be confusing for all of us.” Senate majority leader Mitch McConnell said Thursday after another U-turn by President Donald Trump looking at the stimulus calculation designed to bring a $ 1,200 stimulus checkHelp for tens of millions of unemployed Americans and help to businesses large and small, including airlines like United and American.

Trump – who is Treatment of COVID-19 with a steroid known to cause “euphoria” – Has a stance on incentives that have changed over the days from strong support on Saturday to a final bill, abandoning negotiations entirely, pushing for stand-alone bills and renewed support for a full package. The effects of the steroid Dexamethasone was questioned in relation to the president’s changed position on stimulus relief.

The President’s current move to Ask the negotiators to make a deal clouds the water beyond what might or might not be included in a final bill – either stand-alone, thin, or extensive.

Read on to find out what benefits might take effect before or after the law Election on November 3rd. Further information can be found on the Top Things You Should Know About Stimulus Checks and how Stimulus checks and taxes are intertwined. This story is updated often.

The second stimulus check for a maximum of USD 1,200 could still be on the table

Prior to Trump’s announcement, Democratic and Republican lawmakers had agreed on the need for a second direct payment of up to $ 1,200 per eligible American adult and additional money for dependents (find out) who counts as dependent and How old do you have to be to qualify for your own check?).

The bill, which the House approved on October 1, which Democrats dubbed the “updated version of the Heroes Act” (PDF), contains similar provisions for stimulus checks to March CARES Act and extends who counts as dependent according to the requirements of the Heroes Act.

The new bill – which could form the basis of conversation once it resumes – would also send $ 500 to any dependents that the taxpayer would pay under the new bill (“the number of taxpayers’ dependents for such a tax year.” )

Mnuchin used the problem solvers’ $ 1.5 trillion proposal as a starting point for his deal. Senator Lindsey Graham tweeted Wednesday about support for the problem-solver proposal.

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Next stimulus checks: what to expect


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Money for the aviation industry to prevent layoffs

As the talks collapse, the airlines are threatening to lay off thousands of workers. The new bill (which is again not law) would have extended the payroll support program to the aviation industry to prevent mass layoffs. American Airlines and United Airlines moved on October 1 to employ 32,000 people after aid ran out. Pelosi and Mnuchin continue to talk about helping airlines.

Improved unemployment to support millions of job seekers

A stop-gap measure for the federal government to fund $ 300 per week increased unemployment benefits was scheduled for six weeks and has already ended in some states.

As the main point of contention in the debate, Democrats want a new bill to add $ 600 a week to states’ benefits, as the CARES bill did in March. Republicans want to cut the number to $ 300. The problem solver suggestion puts the number at $ 450 for eight weeks, after which it rises. The new house bill includes $ 600 in unemployment benefits through January 2021.

Wage and salary protection program to support small businesses

The paycheck protection program in CARES is designed to help employers keep workers on payroll and offers small businesses forgivable loans as an incentive to keep employees on payroll – people who may otherwise have lost their jobs during the pandemic . Under the revised Heroes Act, the plan would include the restaurant industry, independent live venue operators, and the aviation industry.

Employee tax credits to help companies retain employees

There is already an IRS-administered program in place to give employers a tax break through 2020 to keep workers on payroll. The new bill would have renewed tax credits to encourage employers to keep workers on payroll.

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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

Extended eviction ban and possible rental support

The Centers for Disease Control and Prevention used an obscure health law to Suspend evictions until December 13thas long as the tenants fill out the necessary documents.

It is estimated that up to 40 million people in 17 million households without evictions could lose their homes if the economy does not recover before the last protective measures expire. The new house proposal includes evacuation protection as well as financial support for residential property owners to offset the cuts in rent payments.

Protecting businesses from certain coronavirus lawsuits

Liability protection is high on the agenda for Republican lawmakers. Introduced in the Republican HEALS Act proposalThis measure would limit lawsuits against employers, schools, and health care providers related to exposure to coronavirus, with the exception of gross negligence.

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Given the expected increase in mail-in ballots this election year, the USPS will be burdened with fewer resources.

Sarah Tew / CNET

Money to help the USPS get through the election season

Both Democrats and Republicans have submitted bills to fund a US Postal Service in crisis before an election in which up to 80 million people are expected Vote by email. The new house bill includes additional funding for the USPS. The House of Representatives before Passed a USPS bill that was not taken up by the Senate. The Senate’s “thin” bill has not vacated his chamber.

Support for election security

The pandemic is expected to increase by Postal ballot During the US presidential election on November 3rd, many raised concerns about how the USPS will deal with it. The government saw no evidence a coordinated effort to commit mail-in voting fraud. However, the House’s new bill is financed to ensure election security.

Funding schools to fight the coronavirus on campus

Funding hygiene protocols, tests, and other shelter during the coronavirus pandemic is a top priority on both sides of the aisle to help reduce the spread of the virus among students and faculty. The new house bill contains money specifically for schools.

With some schools opening through August, data from the American Academy of Pediatrics and the Children’s Hospital Association show a 14% increase in child cases in the last two weeks, September 10-24.




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