KSL TV
SALT LAKE CITY As the first Americans received COVID-19 vaccines Monday, a group of senators, including Utah Republican Mitt Romney, unveiled a revised bipartisan $908 billion relief package they hope will bring economic stability to people across the country.
The proposal is split into two bills one would provide $748 billion for support for small businesses, including Payroll Protection Program loans, added unemployment benefits and food and shelter assistance.
The other would provide $160 billion for state and local government as well as temporary liability protection from coronavirus related-lawsuits. Those two issues have been major sticking points in reaching a deal as the clock ticks on the current Congress.
The bipartisan group plans to hold a news conference Monday to announce the modified proposal.
Senate Majority Leader Mitch McConnell, R-Ky., has long called for a liability shield from coronavirus litigation, while congressional Democrats have made money for states and cities their top priority. Breaking the proposal in two parts might give a relief package a greater chance to pass.
Romney is among a group of lawmakers who have vowed to stay in Washington through the holidays to get a deal done as businesses across the country shut down, especially in the restaurant and hospitality industry, and Americans struggle to stay employed amid another COVID-19 surge.
As the first Americans received COVID-19 vaccines Monday, a group of senators, including Utah Republican Mitt Romney, unveiled a revised bipartisan $908 billion relief package they hope will bring economic stability to people across the country.
The proposal is split into two bills one would provide $748 billion for support for small businesses, including Payroll Protection Program loans, added unemployment benefits and food and shelter assistance.
The other would provide $160 billion for state and local government as well as temporary liability protection from coronavirus related-lawsuits. Those two issues have been major sticking points in reaching a deal as the clock ticks on the current Congress.
Two Stimulus Packages Announced for Vote on Friday gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Share it
As the end of 2020 approaches, even as many construction businesses are still struggling with the fallout from the COVID-19 pandemic, it’s time to close out the year financially. That means it s time for tax planning and the consideration of other financial issues, both of which will hopefully put contractors in the best position to take on 2021.
While the smart move is to consult tax and accounting experts in order to properly address the situations that are unique to every business, there are some basic talking points that can help business owners and managers kickstart that conversation. Here are some of the most pertinent: