How much can be expected with the new discharge law?

0


Although lawmakers are still working out the details of the latest coronavirus aid package, it looks like this Incentive payments are included in the legislation.

Sacked a bipartisan group of senators $ 908 billion bill proposed on Mondaywhich has been split into two separate bills: $ 738 billion funding plan This included $ 300 increased unemployment benefits, small business loans, food aid, and emergency housing assistance. The second proposal, worth $ 160 billion, included state and community funding and corporate liability protection against Covid-19 lawsuits.

Do not miss: The best 0% APR credit cards with no interest for up to 20 months

But as negotiations between Democrats and Republicans progressed during the week, Legislators warmed up to the idea of ​​funding another round of smaller stimulus payments.

The latest $ 900 billion pandemic relief package includes stimulus checks of up to $ 600 to $ 700 per person, including loved ones, Senator John Thune (RS.D.) told reporters On Wednesday. That’s about half the amount that lawmakers approved in March under the Coronavirus Aid, Relief and Economic Security (CARES).

Currently, lawmakers are reportedly based on the same income standards set out in the CARES Act. according to the Washington Post. This law provided a round of stimulus payments up to $ 1,200 for individuals with adjusted gross income of up to $ 75,000 and $ 2,400 for couples with income of up to $ 150,000, plus an additional $ 500 per dependent.

Legislators have until 12:01 a.m. ET Saturday to pass a pandemic rescue package tied to the federal government’s funding bill to avoid a government shutdown. And while leaders of both parties seem optimistic that a deal will come about, it will likely depend on the wire.




Share.

About Author

Comments are closed.