Stimulus Payment: Here Are the Parts of the New Relief Bill
If Republicans and Democrats will go back to Washington to vote for the USPS funding, White Chief of Staff said that the Republican lawmakers will look for an opportunity to discuss the new relief bill.
There is still a high possibility for the second round of stimulus payments and other relief aids as House Speaker Nancy Pelosi called back the lawmakers to vote for the USPS funding. White House Chief of Staff Mark Meadows said Republicans would look for an opportunity to discuss the new relief bill.
If ever that relief bill will be discussed as lawmakers planned to back in Washington, the following will be discussed on the floor:
1. Funding for the Postal Service
Lawmakers plan to fund the US Postal Office for the upcoming election. Around 80 million people are expected to vote through the mail. The Democratic-led HEROES Act that was passed on May proposed an amount of $25 billion, but there seems to be a long debate on this amount.
The money is intended to continue meeting the delivery standards during the global pandemic. This is also to make sure that people will have the help that they need. Additionally, the amount is also to prepare the country for the widespread mail-in voting.
2. Unemployment Benefit
President Trump signed and issued the executive order that expanded the unemployment claims when the stimulus negotiations failed. The President mandated the Federal Emergency Management Agency to facilitate the approval and distribution of the fund to the states.
Qualified unemployed individuals are expected to receive an unemployment benefit worth $300 and an additional $100 from the state. However, some states chose not to counterpart or gave $100 due to the economic fallout.
3. Second Round of Stimulus Check
The first round of stimulus checks was sent to qualified individuals and families. Around 160 million people received stimulus checks. However, there are still many people waiting for their stimulus checks until today due to some problems.
The Republicans are proposing $1 trillion while the Democrats are proposing an amount f $3 trillion. The purpose of the Democrats is to make sure that more people will receive the money. Among the two proposed budgets between the two groups, one thing is just for sure; they are both willing to give the second round of stimulus checks.
4. Funding for Schools
The CARES Act did not include school funding, but the HEROES Act and HEALS Act do. The HEROES Act proposed an amount of $58billion for K-12 and $42 billion for Higher Education.
Meanwhile, HEALS Act proposed $70 billion to go to K-12 schools that open for in-person classes, $29 billion for higher education, $1 billion to the Bureau of Indian Education, and $5 billion at states' discretion, according to a published article in CNET.
5. Payroll Protection Program
The Payroll Protection Program is to help businesses in the country, rehire their employees amid the global pandemic. The Republican lawmakers will still include the PPP loan, and it will be offered to the hardest-hit businesses in the country.
Aside from these five programs, lawmakers will also discuss Liability protection against coronavirus-related lawsuits. Employee retention tax credit could help pay workers and Return-to-work payment of as much as $450 each week. It is still not clear if they will include eviction moratorium in the new relief bill.
Check these out:
Stimulus Payments Could Be $50,000 for Eligible Families If Bill Backed by Harris, Sanders Passes
US Unemployment Benefit: Uncertain, Might Decrease From $400 Down to $300
Stimulus Deadline for Eligible Social Security Beneficiaries With Kids Extended