Congress is working on a second major coronavirus relief bill that would include direct payments to Americans. Here’s what’s included in the latest Senate proposal:
The $1 trillion package includes another round of checks similar to the ones sent out in April – $1,200 for individuals, $2,400 for couples, and an extra $500 for each dependent.
The $600-per-week federal unemployment benefits that expire this week would be cut to $200 per week.
The Help, Economic Assistance, Liability Protection and Schools (HEALS) Act would provide another round of direct stimulus payments to Americans, freeze Medicare premiums, offer more PPP funding & more. Here's what you need to know. #forbesadvisor https://t.co/pS1R5IM04B
— Forbes Advisor (@ForbesAdvisor) July 28, 2020
The bill also includes tax credits and more PPP loans for small businesses and restaurants. Needless to say, the bill isn’t loved by a lot of people saying it falls short offering more assistance to business and not enough help to the people.
Senate Republicans have waited over TWO MONTHS to release their half-baked proposal, the #HEALSAct.
What does it do for the 30 million unemployed workers, laid off by no fault of their own?
It cuts their unemployment benefits by $400 a week. pic.twitter.com/wdVHN6IDfy
— Sherrod Brown (@SenSherrodBrown) July 27, 2020
What do you think should be included in the next bill? What will be the impact of cutting the unemployment benefits?
