The federal government wants to push through another stimulus package to address the most pressing concerns facing the US as a result of the. The question is, when? And will it be too late to help those in the greatest need?
By many accounts,are in shambles. Senate Majority Leader Mitch McConnell’s intention to have a bill wrapped up by Aug. 7 is now the stuff of fantasy, as talks between Republicans and Democrats are barely creeping along, rooted firmly on the overall price of the bill.
“The American people are suffering through no fault of their own,” said Florida Democratic Representative Val Demmings on Sunday. “We need to pass a meaningful bill.”
While there’s some optimism a bill could pass before the, others in Washington aren’t shy about airing their doubts. When and if a new coronavirus relief package is signed into law, here are all the ways it could benefit the economy — and you. This story updates often.
That second stimulus check for up to $1,200 apiece
The fate of ais currently tied up with package negotiations, though it’s also been suggested that President Donald Trump could sign an executive action to funnel more aid into the economy, potentially including another direct payment.
Learn more about:
Enhanced unemployment pay for millions without jobs
A stop-gap measure for the federal government to fund $300 a week inonly lasts six weeks and is already ending in some states.
A major point of contention in the debate, Democrats want a new bill to provide $600 per week on top of states’ benefit just like thedid in March. Republicans want to slim the figure to $300.
Money for schools to fight the spread of COVID-19 on campus
Funding to pay for hygiene protocols, testing and other accommodations during the coronavirus pandemic are top priorities on both sides of the aisle to help mitigate the virus’ spread among students and faculty.
As some schools opened through August, data from the American Academy of Pediatrics and the Children’s Hospital Association shows a 16% increases in cases among children, from Aug. 20 to Sept. 3.
Employee tax credits to help businesses retain staff
A program administered by the IRS already exists designed to give employers a tax break for keeping employees on the payroll, through the end of 2020. A new bill could extend or enhance the program into 2021.
Payroll Protection Program to keep small businesses open
Intended to help you retain your job, the Paycheck Protection Program provides forgivable loans to small businesses as an incentive to keep employees on the payroll — people who might have otherwise have lost their jobs during the pandemic.
Eviction moratorium, possible rental assistance
The Centers for Disease Control and Prevention used an obscure health law to, as long as renters complete the necessary paperwork.
Without eviction protections, it’s been estimated that up to 40 million people across 17 million households could lose their homes if the economy doesn’t recover before the latest protections lapse.
Funding to help the US Postal Service handle election season
Both Democrats and Republicans have advanced bills with an eye to help fund aahead of an election in which up to 80 million people are expected to .
Thebut hasn’t been picked up by the Senate. The Senate’s “skinny” bill didn’t clear its chamber.
Protection for businesses from future coronavirus lawsuits
Liability protection is high on the agenda for Republican lawmakers. Introduced in the, the measure would place a limit on lawsuits levied against employers, schools and health care providers in relation to coronavirus exposure, with exceptions made for gross negligence.
With the stimulus bill still undecided, follow along for the most up-to-date news on. You can also brush up on the ins and outs of and learn how the in a .