Inject $2 Trillion into national economy with business loans and $1200 checks to Americans
$150 Billion relief fund for state and local government
$55 billion to boost hospitals
tens of billions for schools and transit
Americans who filed tax returns for 2018 or 2019 years and earn $75000 or less receive a one-time check of $1200 per adult and $500 per child
those who earn more get $5 per extra $100 they earn
Those earning more than $99000 get no check at all
$500 billion in secured loans to hard hit businesses, airlines $58B, $17B critical companies for national security
$425B for affected industries like oil/gas
Unemployment insurance extended for four months
"Democrats are saying those who lost jobs as a result of the coronavirus would receive the equivalent of their full salaries, though the details have yet to be released."
Businesses with fewer than 500 employees eligible for $300B business interruption loans
Loan forgiven if business meets conditions like not laying off workers
Loans capped at $10mil can make mortgage and utility payments
$10B - small business emergency grants of up to $10k
$17bil for SBA for six months of payments to small businesses with existing loans
$2 trillion is over double the American Recovery and Reinvestment Act signed in 2009 to help with the depression. The government only spent $831B on that stimulus
Likely getting the package to President's desk before end of the week.
Inject $2 Trillion into national economy with business loans and $1200 checks to Americans
$150 Billion relief fund for state and local government
$55 billion to boost hospitals
tens of billions for schools and transit
Americans who filed tax returns for 2018 or 2019 years and earn $75000 or less receive a one-time check of $1200 per adult and $500 per child
those who earn more get $5 per extra $100 they earn
Those earning more than $99000 get no check at all
$500 billion in secured loans to hard hit businesses, airlines $58B, $17B critical companies for national security
$425B for affected industries like oil/gas
Unemployment insurance extended for four months
"Democrats are saying those who lost jobs as a result of the coronavirus would receive the equivalent of their full salaries, though the details have yet to be released."
Businesses with fewer than 500 employees eligible for $300B business interruption loans
Loan forgiven if business meets conditions like not laying off workers
Loans capped at $10mil can make mortgage and utility payments
$10B - small business emergency grants of up to $10k
$17bil for SBA for six months of payments to small businesses with existing loans
$2 trillion is over double the American Recovery and Reinvestment Act signed in 2009 to help with the depression. The government only spent $831B on that stimulus
Likely getting the package to President's desk before end of the week.