COVID-19 RELIEF
Unemployment insurance ($120 billion). Revives supplemental federal pandemic unemployment benefits but at $300 per week through March 14 instead of the $600 per week benefit that expired in July. Extends special pandemic benefits for “gig” workers and extends the maximum period for state-paid jobless benefits to 50 weeks.
Direct payments ($166 billion). Provides $600 direct payments to individuals making up to $75,000 per year and couples making up to $150,000 per year with payments phased out for higher incomes - with $600 additional payments per dependent child. In March under the CARES Act, it was $1,200 and $2,400, respectively, and $500 per dependent child.
Paycheck Protection Program ($284 billion). Revives the Paycheck Protection Program, which provides forgivable loans to qualified businesses. Especially hard-hit businesses that received PPP grants would be eligible for a second round. Ensures that PPP subsidies are not taxed.
Congress Seals Agreement on $900B COVID Relief Bill arkansasbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasbusiness.com Daily Mail and Mail on Sunday newspapers.
21 Dec 2020
As Congress prepares to pass $2.3 trillion in government spending Monday, members are still awaiting the text of the bill.
The text of the bill was expected to be released mid-morning, but as of 1:30 p.m., it was still not made available.
Sen. John Thune (R-SD) told Capitol Hill reporters that they were experiencing difficulties getting the massive multi-part bill combined into one file and uploaded to the internet.
“I think it’s a huge project, bigger than anything we’ve done in time. I’ve been here,” he said. “And unfortunately, it’s bad time to computer glitch.”
The bill includes a $1.4 trillion government spending bill, $900 billion tacked on for coronavirus relief. Funding for the government is scheduled to expire at midnight.
Second stimulus check: Here s what s in the COVID-19 relief bill baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.