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$1 Trillion in Non-COVID-Related Coronavirus Stimulus & Relief : Who Exactly Was Rescued?

provided some targeted COVID aid: $473 billion in payments to individuals, $75 billion in cash for vaccines, $26 billion to restaurants, $15 billion to help fund airline payrolls, and another $7.2 billion in Paycheck Protection Program funding for small businesses. For example, the original bill included a hike in the minimum wage to $15 per hour. Even the non-partisan Congressional Budget Office (CBO) determined that move would cost the U.S. economy $1.4 million jobs. A quick spotlight on agencies and entities receiving “coronavirus recovery” money in the bill includes: $350 billion to bailout the states and the District of Columbia. The allocation formula uses the unemployment rate in the fourth quarter of 2020. Therefore, states like New York and California –who had strict economic lockdown policies and high unemployment– will get bailout money. States like Florida and South Dakota – who were open for business – will get less.

South dakotaUnited statesNew yorkDistrict of columbiaNational railroad passenger corporationEmergency management agencyPension benefit guaranty corpPension benefit guarantyFederal emergency management agencyNational railroad passengerதெற்கு டகோட்டாஒன்றுபட்டது மாநிலங்களில்புதியது யார்க்மாவட்டம் ஆஃப் கொலம்பியாதேசிய இரயில் பாதை பயணிகள் நிறுவனம்ஓய்வூதியம் நன்மை உத்தரவாதம் கார்ப்

Who Exactly Was Rescued? $1 Trillion In Non-COVID-Related Stimulus & Relief

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

South dakotaUnited statesNew yorkDistrict of columbiaNational railroad passenger corporationPension benefit guaranty corpLibrary servicesInstitute of museumEmergency management agencyPaycheck protection programCongressional budget officeNational endowment of the artsAmerican rescue plan actPension benefit guarantyFederal emergency management agencyNational railroad passenger

With COVID-19 Bill, Congress Exacerbated Union Pension Crisis

With COVID-19 Bill, Congress Exacerbated Union Pension Crisis
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United statesRachel greszlerPension benefit guaranty corpHeritage foundation groverm hermann centerHeritage foundationஒன்றுபட்டது மாநிலங்களில்ஓய்வூதியம் நன்மை உத்தரவாதம் கார்ப்பாரம்பரியம் அடித்தளம்

How Congress exacerbated the union pension crisis under the guise of coronavirus relief

How Congress exacerbated the union pension crisis under the guise of coronavirus relief Follow Us Question of the Day ANALYSIS/OPINION: By the time this column appears in print, Congress will have passed the $1.9 trillion coronavirus relief package. And that’s a shame. As its many critics have pointed out, only 9% of the bill actually goes toward fighting COVID-19. One of the bill’s many non-COVID-related provisions is an $86 billion unconditional cash giveaway to a select group of multiemployer or union pension plans. These plans have been grossly underfunded, not because of disease, but because the law allows private-sector unions and employers to make pension promises to workers without requiring them to set aside the funds needed to make good on those promises in the future.

United statesRachel greszlerPension benefit guaranty corpWashington timesHeritage foundation groverm hermann centerHeritage foundationSocial issuesBusiness financeஒன்றுபட்டது மாநிலங்களில்ஓய்வூதியம் நன்மை உத்தரவாதம் கார்ப்வாஷிங்டன் முறைபாரம்பரியம் அடித்தளம்சமூக சிக்கல்கள்வணிக நிதி

Journal Times editorial: The odor of pork in the COVID relief bill

To the victors go the spoils, the old saying goes. And that appears to be what’s happening with the latest COVID relief bill that is now in the hands of

United statesWest virginiaChuck schumerJoe manchinPension benefit guaranty corpCongressional budget officeUs bureau of labor statisticsWall street journalSeaway international bridgeNew yorkNative americanPension benefit guarantyWest wingRon johnsonஒன்றுபட்டது மாநிலங்களில்மேற்கு வர்ஜீனியா