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sharwoodjr Profile
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Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill


U.S. senators will vote on Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact of the coronavirus pandemic, hoping it will become law quickly so they can get out of Washington.

Here are major elements of the plan, which would be the largest such stimulus ever approved by Congress:

– About $500 billion in direct payments to people, in two waves of checks of up to $1,200 each. Additional payments for families with children could push the total to $3,000 for a family of four, according to Treasury Secretary Steven Mnuchin, who has played a key role in the negotiations. Payments would be reduced for high-income earners. Businesses owned by Trump, other administration officials or Congress members would not be eligible for assistance.

– Up to $500 billion in “liquidity assistance” for distressed industries, including hard-hit airlines. The fund would be overseen by an inspector general and a congressional oversight board. The treasury secretary would have to disclose transactions, and companies that participate in it would face restrictions on stock buybacks and executive pay.

– $250 billion to expand unemployment insurance. Payments would increase by up to $600 per week per worker, and laid-off workers would get those payments for up to four months, according to Senate Democratic Leader Chuck Schumer. Self-employed workers would also qualify for benefits.

– $350 billion in loans to small businesses, according to Republican Senator Marco Rubio, chairman of the Senate Small Business Committee.

– $100 billion for hospitals and other elements of the healthcare system, according to Schumer.

– $150 billion for state, local and Native American tribal governments, according to Schumer.

– $30 billion for education, according to Schumer.

– $25 billion for mass transit systems, according to Schumer.

– $30 billion in disaster aid for local governments and nonprofits, according to Schumer.

The measure also needs House approval before going to President Trump.

https://www.insurancejournal.com/news/national/2020/03/25/562355.htm

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If there were no hypocrites, there'd be no liberals.
3/25/2020, 2:15 pm Link to this post Send Email to sharwoodjr   Send PM to sharwoodjr
 
CurtisG Profile
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Re: Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill


They also are paying $600 a week on top of UI benefits to everyone out of work and on UI
3/25/2020, 4:29 pm Link to this post Send Email to CurtisG   Send PM to CurtisG Blog
 
Patango Profile
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Location: Mozambique , Timbuktu
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Re: Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill


Its called :

Coronavirus Aid, Relief, and Economic Security Act, or the "CARES" Act

Maybe the 23 year old rookie, corporate propagandist that keeps GOP-sheep like shar informed at the IJ could get the name of the legislation right?

Anything in shars OP that helps workers is part of the GREEN NEW DEAL, and is evil socialist, like Canada and the UK socialist, according to shar and Mitch McConnel.

I'm not sure how the crack team at IJ missed that?
3/25/2020, 5:38 pm Link to this post Send Email to Patango   Send PM to Patango
 
sharwoodjr Profile
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Re: Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill


This silly little whopper boy would get angry at the lyrics of zippadee doo dah. I don't think there's anything that doesn't send him into a blind rage. It's both sad and funny.

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If there were no hypocrites, there'd be no liberals.
3/26/2020, 6:49 am Link to this post Send Email to sharwoodjr   Send PM to sharwoodjr
 
Patango Profile
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Re: Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill


I do not spam this board with hate for the working class like you do.

I'm not pro-rape like you are.

I do not join your dishonest hate for progressives like Curtis does.


I'm glad we went to war against the nazi's, while you claim we had no legitimate reason to.


I do not have kkklan hate for POC and poor people like you do.


I do not kiss Trumps hate filled ass like you do.
3/26/2020, 11:45 am Link to this post Send Email to Patango   Send PM to Patango
 


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