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Factbox: What s in the US COVID-19 bill? Unemployment, $600 checks, three martini lunch deduction - International - World
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COVID stimulus ‘only the beginning,’ Massachusetts lawmakers pledge
Updated Dec 22, 2020;
After both houses of Congress passed a $908 billion COVID-19 stimulus package on Monday night, Massachusetts lawmakers pledged to continue fighting for more aid after President-elect Joe Biden takes office in January.
The lawmakers touted Democrats’ efforts to secure, at minimum, direct cash payments to Americans and rental and food assistance in the final stimulus deal, which comes nine months after the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act. The new aid package also includes enhanced unemployment benefits through the spring, billions of dollars for small business loans and funds for health care facilities and schools.
Here’s What’s In the $900 Billion COVID-19 Bill
U.S. congressional leaders said on Sunday they had reached agreement on a $900 billion package to provide the first new aid in months to an economy hammered by the novel coronavirus pandemic, with votes on Monday.
Here’s what is in the package, according to a summary released by House of Representatives Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer, and interviews with several congressional aides who provided additional details:
Checks in the mail: The bill includes $166 billion in new direct payments of up to $600 per adult and child, for individuals making up to $75,000 a year and $1,200 for couples making up to $150,000 a year. The bill expands direct payments to mixed-status households.
USA TODAY
The average taxpayer is looking at a check for $600 as part of the new COVID-19 relief package that s set to pass Congress and get signed into law.
Corporations would get a tax break enabling them to write off the cost of business meals from their tax bills. Sen. Ron Wyden, D-Ore., called the move unconscionable in a statement to The Washington Post.
A record number of Americans seek charity for shelter and utility assistance. People are worried about paying rent, and food banks are overwhelmed.
President Donald Trump advocated for a business lunch deduction in the spring as a way to boost business: “They’ll send their executives, they’ll send people there, and they get a deduction. That is something that will really bring life back to the restaurants; I think make them hotter than before. You know, they used to have it. And when they ended it, it was really never the same.
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