$900 billion relief package extends moratorium on evictions, weekly unemployment benefits
After months of negotiations, congressional leaders finally announced on Sunday that they had reached an agreement on a $ 900 billion economic aid package that included $ 600 in direct payments to Americans, aid to small businesses and an extension of the moratorium for evictions that should expire at the end of the year.
The news comes as the country faces spikes in coronavirus cases and overwhelmed hospitals, but also increases vaccine distribution to healthcare workers and nursing home residents.
Based on summaries from Democratic and Republican congressional leaders, the Washington Post reports that the coronavirus bill includes $ 600 stimulus checks per person, including children, for those earning less than $ 75,000 in the 2019 tax year. The size of the check goes down for those who made between $ 75,000 and $ 99,000 and disappears completely for those who made more than $ 99,000.
Lawmakers extend unemployment benefits up to $ 300 per week and a program for contract and gig workers. It also includes more than $ 284 billion to cover the first and second forgivable paycheck protection programs and extends PPP eligibility for news organizations and nonprofits. Independent cinemas and cultural institutions are also receiving $ 15 billion, and despite objections from the Democrats, a tax break was granted on corporate meal expenses raised by the White House.
The package extends the eviction moratorium through January 31 and provides tenants with emergency aid of $ 25 billion. However, the Post notes that it is currently unclear how the funds will be distributed. House Speaker Nancy Pelosi, D-Calif., And Senate Minority Chairman Chuck Schumer, DN.Y., said the bill will provide billions of dollars "specifically to tackle the inequalities that color communities face and to support our heroic healthcare workers. " and providers. "
The deal also includes $ 13 billion for more food brands and nutritional benefits, $ 16 billion for payroll for airline employees and contractors, $ 20 billion for vaccine purchases, and $ 82 billion for Schools to replace and repair heating and air conditioning systems to reduce the risk of the spread of the coronavirus. It does not ask for new money for state and local governments or hazard payments for key workers. Read more at the Washington Post.
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