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Wednesday, May 13, 2020

House Democrats to Unveil Plan to Distribute $1,200 Stimulus Checks in New $3 Trillion COVID-19 Relief Fund

Stimulus Relief

In March, President Donald Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, into law. As a part of the Act, many Americans were hopeful that the $1,200 stimulus checks would be helpful as the nation adjusts to the economic shifts due to the impact of COVID-19. Unfortunately, there are millions of Americans who have yet to receive relief funds and it has been reported that some who have, already need additional assistance. In response, U.S. House Democrats are reported to unveil a $3 trillion relief fund this Friday.

A recent article by The Hill outlined the plans Democrats have for the second round of coronavirus relief funds. As proposed by House Speaker Nancy Pelosi (D-Calif.), the fund would make provisions for another round of stimulus payments to individuals and essential workers, funding for food assistance, state and local government, and a contingency plan to allow Americans to vote by mail in the November elections.

During an address at the Capitol regarding the fund, Pelosi said, “We must think big for the people now, because if we don’t it will cost more in lives and livelihood later.”

Despite the dire needs of Americans, Senate Majority Leader Mitch McConnell (R-Ky.) believes that the House should wait out the decision to provide people with additional relief until lawmakers have an adequate amount of time to review the implementation of measures already in place, as reported by The Hill.

Under the proposed Democratic bill, here is what American’s would receive:

  • Individuals would receive another $1,200.
  • Up to $6,000 in relief funds per household.
  • An additional $600 a week in unemployment insurance payments past the July end date to January.
  • $25 billion for the U.S. Postal Service to help make up for lost revenue due to the pandemic.
  • $75 billion for coronavirus testing.
  • Business grants for employers of essential workers to pay more.

In addition to the newly proposed relief fund, The House will be voting on working and voting remotely as they seek to find solutions for Americans.

Read the full story here.

 



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