COVID-19 relief package: $600 stimulus checks, $300 bonus for federal unemployment benefits in new deal
Lawmakers on Sunday signed a nearly $ 900 billion COVID-19 stimulus deal that includes another round of economic reviews and much-needed unemployment benefits for struggling Americans, and a long stalemate in Washington with one of the largest bailouts in US history completed.
After months of deadlock, the negotiations got to the point, as 12 million people will lose unemployment benefits the day after Christmas. The deal includes the resumption of a $ 300 increase in unemployment benefits, the extension of tenant eviction moratoriums for an unspecified period, and a direct payment of $ 600 to most Americans.
The move will be tied to a $ 1.4 trillion spending bill that will fund federal agencies and programs through September 30, the end of the fiscal year.
Scroll to continue with the content
Microsoft - New Age of Business
How to create differentiated customer experiences
Learn with our experts how to get the most out of your customer behavior data and create unique retail experiences.
Concerned about another recession? This is forecast by the stock exchange for 2021
"It's a Big Scary Mess": 12 million Americans will lose unemployment benefits after Christmas if Congress doesn't act
Congress passed a one-day extension of state funds late Sunday to give lawmakers one more day to review the deal and avoid a partial deadline for government shutdown.
For the law to become law, both the House and Senate must pass the law, and President Donald Trump must sign it. Both chambers are expected to debate and vote on the package on Monday.
The following is included in the stimulus package:
Do I get another stimulus check?
The move includes a direct payment of up to $ 600 to most Americans and $ 600 per child, House Spokeswoman Nancy Pelosi, D-Calif., And Senate Minority Chairman Chuck Schumer, DN.Y., said in a Explanation with. That's less than the $ 1,200 checks approved earlier this year.
The level of benefit would decrease for those earning more than $ 75,000 in 2019, similar to the last round of stimulus checks, according to the Washington Post.
Is there an increased unemployment benefit?
The measure would provide for federal unemployment benefits of $ 300 per week for about 10 weeks, less than the $ 600 provided under the Coronavirus Aid, Aid and Economic Security Act passed in March.
Will the unemployment benefit be extended?
The bill would extend all pandemic unemployment programs due to expire in late December. It is unclear how long.
According to the Washington Post, these benefits would likely be extended for eleven weeks of unemployment.
The deal got to the point when two unemployment programs are slated to end on December 26th: the Pandemic Unemployment Assistance program, which provides assistance to the self-employed, temporary workers and gig workers; and the Pandemic Emergency Unemployment Compensation program, which offers an additional 13 weeks of benefits over and above the typical 26 weeks that states give to unemployed workers.
Is paid sick leave included?
The agreement provides for a tax credit to support employers who offer paid sick leave based on the Families First Coronavirus Response Act, enacted in March, Pelosi and Schumer said.
Families First, many employers have had to give workers two weeks of full pay sick leave related to COVID-19 and up to 12 weeks of family and sick leave to care for two-thirds of family members.
Up to 87 million workers could lose access to paid emergency leave by the end of the month. Failure to extend these benefits would limit workers' ability to stay in quarantine at home or care for a child whose school or daycare is closed after exposure to COVID-19.
It's unclear whether the new measure would continue to oblige companies to offer paid sick leave to workers with COVID-19 or to children who look after children after schools have closed.
Will the eviction moratoriums be extended?
Yes. It would provide $ 25 billion in emergency rental assistance and extend the eviction moratoria. It is unclear how long the moratoriums will be extended.
The loss of unemployment benefits and other facilities would have threatened 30 to 40 million people with eviction, as the moratoria should expire in January, according to the think tank Aspen Institute.
What else is in the package?
The package includes an enhancement to the Small Business Paycheck Protection Program that extends eligibility for local newspapers, broadcasters, and nonprofits. Another $ 20 billion will go into small business grants and $ 15 billion into venues.
The move increased funding for vaccine distribution and coronavirus testing.
In addition, the Supplemental Nutrition Assistance Program (SNAP) was granted more benefits worth $ 13 billion.
This article originally appeared in the US TODAY: COVID-19 Aid Agreement: $ 600 Stimulus Checks and $ 300 Unemployment Benefits
You should check here to buy the best price guaranteed products.
Wendy Williams's brother shares health update as she battles COVID-19: 'Wendy's going to make it'
Why the Last Week Tonight With John Oliver writing team dedicated their Emmy win to Adam Driver
Kentucky Shelter Finds Emaciated Puppy Left in Taped Box With 'Help Me' Written on the Side
World urged anew to protect Afghan women's rights
The Talk - New Season
The Talk - New Season