As the COVID-19 pandemic continues to spike across the U.S., don’t look for any help from the federal government as 2020 comes to an end.
A bipartisan group of lawmakers on Tuesday unveiled a $908 billion coronavirus relief proposal, but there are no $1,200 checks for Americans as there were in the first stimulus package Congress passed.
The bill would deliver another $160 billion to states and cities and $180 billion for unemployment insurance, two issues Democrats have pushed hard. The unemployment benefits would pay $300 per week for 18 weeks, retroactive to Dec. 1, which is half of what was included in the CARES Act passed in March.
The proposal would also set aside $288 billion for assistance to small businesses via the Paycheck Protection Program. In addition, the bill would free up $45 billion for transportation-related industries such as airlines and $16 billion for development of a COVID-19 vaccine development. Another $182 billion would be used for healthcare provider relief fund, education, student loans, housing assistance, nutrition, and agriculture programs and the U.S. Postal Service.
“This is a COVID emergency relief framework,” Sen. Joe Manchin (D-WV) said, adding it would be “inexcusable” for Congress to adjourn without providing more aid. “It’s not the time for political brinkmanship. … This is going to get us through the most difficult times.”
“It’s been said, this is not what everybody would wish. People are going to look at these buckets and they’re going to say, ‘Well, my bucket isn’t there,’ or ‘My bucket is only half full.’ Well, this is… emergency relief. This is designed to get us through this next quarter,” said Sen. Lisa Murkowski (R-AK), according to The Hill.
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