President Donald Trump continues, despite flip-flops in stopping negotiations and “big” on a $ 1.8 trillion package that was unveiled on October 9th. The bill supported and a payroll renewal for airlines and other industries.
Following the backlash from Republicans and Democrats, Trump’s camp is now calling on Congress to divert funds from the coronavirus emergency money into a standalone bailout bill – possibly for small businesses or the aviation industry – while pushing the overarching package.
The current proposal from the White House is a package of $ 1.8 trillion, less than the $ 2.2 trillion proposed by the Democrats. On Monday, Senate Majority Leader Mitch McConnell prepares to put a standalone $ 500 billion bill to the vote in support of the paycheck protection program. It is not included.
Still dizzy? Confused? You’re not alone. We will help you to find out which top topics could be included in a separate invoice or an overarching economic stimulus package – one that either comes before theor maybe return to the drawing board after choosing. This story is updated often.
What does the White House’s $ 1.8 trillion stimulus offer include?
House spokeswoman Nancy Pelosi has met with Treasury Secretary and White House negotiator Steven Mnuchin for months about the size and approach of the next economic relief bill. The two negotiate every day this week and grow closer.
According to the Washington Post, Mnuchin’s current offering is $ 1.8 trillion and includes:
: Irritation tests to the and $ 1,000 for (the CARES law ).
Unemployment benefits: The proposal envisages an increase in unemployment benefit to $ 400 per week (up from $ 600 in the CARES Act, but compared to thethis 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.
What could a separate invoice contain?
In order to achieve some of the goals that could be achieved with a comprehensive bill, White House leaders have at times pushed for smaller, more focused bills that all could agree on.
Paycheck Protection Program: The October 19 Senate bill focuses on the paycheck protection plan, which was part of this spring’s CARES bill, which gave small businesses unsuccessful loans to keep employees on payroll. The Senate is not interested in getting any major bill passed before the elections, McConnell said, although the White House administration insists that Senate Republicans can be reconciled.
: October 6th Trump said he would sign an authorizing bill immediately. Another 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-inducedThe 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.” Parliament had previously passed a $ 28.8 billion bill in support of airlines that 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.
What is the $ 2.2 trillion Democratic offering?
Pelosi continues to refer to the updated version of the Heroes Act (PDF) as the basis for a new bill. The Houselargely 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 hereand , and .