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Second Stimulus Update: Public Pushes Back On $600 Checks
KEY POINTS
Partisan sniping continues after the compromise
The president could sign the bill as early as Monday
After marathon sessions over the weekend, lawmakers passed a stimulus measure that will send $600 checks to individual taxpayers. However, public reaction was clear; it’s not enough.
Congress passed a bill that combines a $1.4 trillion spending measure with a $900 billion COVID-19 relief package. Some $120 billion of that will supplement state unemployment insurance payments with an extra $300 per week through March 14, and individual taxpayers will receive a one-time direct payment of $600.
The CARES Act, a $2.2 trillion bill passed in March, had twice the benefits but expired in June. Lawmakers spent months debating the next bill, one that falls short for many citizens struggling through the pandemic.
Democrats React to Stopgap Stimulus Package
On 12/21/20 at 7:53 AM EST
After Congressional figureheads breached an impasse to agree on a COVID-19 relief package, Democratic lawmakers insisted the support is a step forward but not an end result.
House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) both voiced their desire for more action to be taken under the Biden administration, as they commented on the latest agreement.
A joint statement from the pair said: The emergency relief in this agreement, the second largest in history only to the CARES Act, is an important first step that Democrats look forward to building on under the new Biden-Harris Administration to meet the remaining needs of the American people during this historic health and economic crisis.
Three-Martini Lunch Credit: Why Some Are Irked By This Stimulus Measure
KEY POINTS
Bill includes $600 stimulus payments alongside corporate meal tax credits Three-martini lunch provision meant to keep restaurants in business
A massive relief package passed by U.S. lawmakers on Capitol Hill drew ire over a provision that would expand tax relief for corporate-related meals; a so-called three-martini lunch credit.
Combining an omnibus spending bill with a COVID-19 stimulus measure, Congress agreed on a $2.3 trillion package that would supplement state unemployment insurance with $300 in weekly support and send $600 stimulus checks to individual taxpayers. The bill includes support for schools, small businesses and vaccine distribution.