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leilamulveny

House Passes $1.9 Trillion Covid-19 Stimulus Package; Biden Plans to Sign Friday - WSJ - 0 views

  • The House passed a $1.9 trillion coronavirus-relief bill and sent it to President Biden for his signature, with Democrats muscling an expansive round of new spending and antipoverty measures through Congress just as America begins to emerge from a year of pandemic-related shutdowns.
  • The vote was 220 to 211, with all GOP lawmakers and one Democrat, Rep. Jared Golden of Maine, voting against the bill.
  • Major expansions to several aid programs for low-income Americans will be temporary under the bill, though Democrats hope to make them permanent later in a broader effort to expand the federal safety net
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  • raised some fresh worries about inflation and potentially overheating the economy. Republicans opposed the bill, attacking its price tag and calling many of its measures bloated or unnecessary and unrelated to the crisis.
  • Mr. Biden, Vice President Kamala Harris and key cabinet secretaries plan to spend the coming weeks traveling around the country touting the package and explaining how the public can take advantage of its benefits, White House officials said. Ms. Psaki said the White House is planning interviews with local media outlets as well as a digital strategy related to the bill.
  • Like in previous packages, the full direct payments will go to individuals making as much as $75,000 and married couples making as much as $150,000, and the $300 weekly jobless-aid supplement lawmakers approved in December will continue through Sept. 6. Federal unemployment benefits had been set to begin expiring on March 14, spurring lawmakers to quickly approve the package.
  • After a push from centrist Democrats in the Senate, lawmakers did downsize some elements of the bill. The direct payments will go to zero for individuals with incomes of $80,000 and married couples with incomes of $160,000, a faster phase-down than in previous aid packages.
  • reconciliation also enabled Democrats to move forward with measures that Republicans oppose, including $350 billion in aid for state and local governments that Republicans have assailed as a political handout in excess of the budget hardships caused by the pandemic.
  • The bill will expand the child tax credit—increasing the benefit to $3,000 per child from $2,000, with a $600 bonus for children under age 6—make it refundable, and authorize periodic payments.
  • Lawmakers are expected to push to make the expansion, set to last through 2021, permanent.
  • The additional subsidies could mean lower premium payments for almost 14 million people insured on the individual market.
  • At $21.9 trillion as of March 1, the debt is roughly the size of the nation’s entire economic output, the highest since the aftermath of World War II.
  • Economists surveyed by The Wall Street Journal expect the aid package to propel the U.S. economy to its fastest annual growth in nearly four decades, boosting employment and reducing poverty while also reviving inflation. The economists expect the economy to grow 5.95%, measured from the fourth quarter of last year to the same period this year. The bill also puts roughly $86 billion into a new program to help multiemployer pension plans. The measure would allow the Pension Benefit Guaranty Corporation to provide cash assistance to troubled multiemployer pension plans and ensure they continue paying benefits to retirees.
katherineharron

House gears up for vote on Biden's Covid relief plan - CNNPolitics - 0 views

  • The US House of Representatives is gearing up for a final vote on President Joe Biden's $1.9 trillion Covid relief plan in an effort to send it to the White House to be signed into law later this week.
  • the Senate passed its version of the bill over the weekend
  • House Speaker Nancy Pelosi told reporters a final vote will come "Wednesday morning at the latest" and that the timing depends on when they get the bill back from the Senate, but that there are no hang-ups to the legislation.
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  • "It depends on when we get the paper from the Senate," Pelosi said on Monday. "It has to be very precise, and it takes time to do that. It has some changes that they have to precisely write. It could be that we get it tomorrow afternoon and then it has to go to Rules. And we'd take it up Wednesday morning at the latest."
  • House Majority Leader Steny Hoyer said Monday that the relief bill had not made its way back to the House yet. "I talked to Leader Schumer. He said as soon as they could get it ready, but it was complicated and they were working on it," Hoyer said when asked about the delay in sending the bill back to the House.
  • that a final vote on the bill could come Tuesday or Wednesday.
  • "We are very excited that this bill will pass imminently. If not today, it will be scheduled for a vote tomorrow," Clarke said
  • The Senate version of the bill largely mirrors the $1.9 trillion package first approved by the House and laid out by President Joe Biden in January.
  • The sweeping aid legislation originally passed the Democrat-controlled House at the end of February, but it needs to be taken up in the chamber again following changes made to the legislation in the Senate.
  • The nearly $2 trillion package includes a slate of Democratic priorities, including up to $1,400 stimulus checks to many Americans, and billions of dollars for states and municipalities, schools, small businesses and vaccine distribution. It also extends a 15% increase in food stamp benefits from June to September, helps low-income households cover rent, makes federal premium subsidies for Affordable Care Act policies more generous and gives $8.5 billion for struggling rural hospitals and health care providers.
  • Pelosi said she does not expect more Democrats to vote against the bill because of the changes that were made in the Senate, saying, "I think more will vote for it," and that she felt "sad" for Republicans who will vote against it
  • Asked about bipartisanship, Clark told Berman this is a "time of great divide" but said they'll find issues to work on together. She also said the lack of support by Republicans on certain measures was "stunning."
  • Progressive Democrats have expressed frustration over changes made to the legislation, but top progressives are not signaling that they will jeopardize its passage in the House.
  • "I don't think that the changes the Senate made were good policy or good politics," Jayapal said. "However, they were relatively minor in the grand scheme of things, with the exception of course in the $15 minimum wage."
  • An estimated 11.4 million workers will lose their unemployment benefits between mid-March and mid-April unless Congress passes its next coronavirus relief package quickly, a recent study by The Century Foundation found.
brookegoodman

US coronavirus stimulus checks: are you eligible and how much will you get? | World new... - 0 views

  • The US has agreed on a $2tn stimulus package, the largest economic stimulus in US history, in response to the economic impacts of Covid-19. While corporations will be the biggest recipients of the bailout, some of that money will be paid directly to Americans hit by the pandemic.
  • Congress will spend about $250bn for checks up to $1,200 per person that will go directly to taxpayers.
  • To be eligible for the full amount, a person’s most recently filed tax return must show that they made $75,000 or under. For couples, who can receive a maximum of $2,400, the cutoff is $150,000.
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  • If a person makes above $99,000, or a couple makes above $198,000, no check will be given.
  • This is not the first time the government has sent checks to Americans. The federal government gave up to $300 in 2001 and $600 in 2008 to taxpayers who met a certain income bracket to similarly stimulate the economy.
  • The length and amount of compensation varies from state to state. A majority of states providing a maximum of 26 weeks of compensation, while average weekly compensation ranges from 20% of a person’s wage to just over 50%.
  • Not in this bill. Earlier last week, Donald Trump signed the Families First Coronavirus Response Act, a bill worth about $100bn meant to expand paid sick leave and emergency paid leave, but it came with major loopholes. Companies with over 500 employees were not mentioned in the bill, while companies with under 50 employees can apply for exemptions.
  • Again, not in this bill. The Families First Coronavirus Response Act included a measure that mandated all Covid-19 testing is free, but treatment for any symptoms (there is currently no cure for the illness) still comes at a cost. A few states have reopened enrollment for their health insurance programs to allow those concerned about costs to enroll, but there are still stories of people getting bills for as much as $34,000 to cover treatment of the virus’ symptoms.
katherineharron

Stimulus package: Here's what's in Biden's $1.9 trillion economic rescue plan - CNNPoli... - 0 views

  • Bigger stimulus checks. More aid for the unemployed, the hungry and those facing eviction. Additional support for small businesses, states and local governments. Increased funding for vaccinations and testing.
  • The new payments would go to adult dependents that were left out of the earlier rounds, like some children over the age of 17.
  • Billed as the American Rescue Plan, the package augments many of the measures in Congress' historic $3 trillion coronavirus relief bill from March and in the $900 billion legislation from December,
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  • Biden is pushing for the big steps he says are needed to address immediate needs and control the coronavirus pandemic. He also plans to lay out an economic recovery plan in coming weeks that aims to create jobs and combat the climate crisis, among other measures.
  • The plan calls for sending another $1,400 per person to eligible recipients. This money would be in addition to the $600 payments that were approved by Congress in December and sent out earlier this month -- for a total of $2,000
  • nother $5 billion would be set aside to help struggling renters to pay their utility bills.
  • Biden would increase the federal boost the jobless receive to $400 a week, from the $300 weekly enhancement contained in Congress' relief package from December.
  • He would also extend the payments, along with two key pandemic unemployment programs, through September. This applies to those in the Pandemic Emergency Unemployment Compensation program who have exhausted their regular state jobless payments and in the Pandemic Unemployment Assistance program, which provides benefits to the self-employed, independent contractors, gig workers and certain people affected by the pandemic.
  • These are key parts of a $1.9 trillion proposal that President-elect Joe Biden unveiled Thursday evening.
  • The plan would provide $25 billion in rental assistance for low- and moderate-income households who have lost jobs during the pandemic. That's in addition to the $25 billion lawmakers provided in December.
  • Biden would extend the 15% increase in food stamp benefits through September, instead of having it expire in June.
  • The plan calls on Congress to create a $25 billion emergency fund and add $15 billion to an existing grant program to help child care providers, including family child care homes, to pay for rent, utilities, and payroll, and increased costs associated with the pandemic like personal protective equipment.
  • Biden wants to boost the Child Tax Credit to $3,600 for children under age 6 and $3,000 for those between ages 6 and 17 for a year.
  • Also, he wants Congress to provide $4 billion for mental health and substance use disorder services and $20 billion to meet the health care needs of veterans.
  • It also proposes making a $35 billion investment in some state, local, tribal, and non-profit financing programs that make low-interest loans and provide venture capital to entrepreneurs
  • Under Biden's proposal, people who are sick or quarantining, or caring for a child whose school is closed, will receive 14 weeks of paid leave. The government will reimburse employers with fewer than 500 workers for the full cost of providing the leave.
  • he plan calls for providing $15 billion to create a new grant program for small business owners, separate from the existing Paycheck Protection Program.
  • He wants to increase and expand the Affordable Care Act's premium subsidies so that enrollees don't have to pay more than 8.5% of their income for coverage -- which is also one of his campaign promises. (The law is facing a challenge from Republican-led states that is currently before the Supreme Court.)
  • Biden wants to send $350 billion to state, local and territorial governments to keep their frontline workers employed, distribute the vaccine, increase testing, reopen schools and maintain vital services.
  • Additional assistance to states has been among the most controversial elements of the congressional rescue packages, with Democrats looking to add to the $150 billion in the March legislation and Republicans resisting such efforts. The December package ultimately dropped an initial call to include $160 billion.
  • Biden's plan would also give $20 billion to the hardest-hit public transit agencies to help avert layoffs and the cutting of routes.
  • The plan would provide an additional $170 billion to K-12 schools, colleges and universities to help them reopen and operate safely or to facilitate remote learning.
  • It would also fund the hiring of 100,000 public health workers, nearly tripling the community health workforce.
  • The proposal would also invest $50 billion in testing, providing funds to purchase rapid tests, expand lab capacity and help schools implement regular testing to support reopening.
  • The plan calls for investing $20 billion in a national vaccination program, including launching community vaccination centers around the country and mobile units in hard-to-reach areas
  • Biden is calling on Congress to raise the minimum wage to $15 an hour, and to end the tipped minimum wage and the sub-minimum wage for people with disabilities.
katherineharron

Stimulus update: Trump calls for negotiations to stop until after Election Day - CNNPol... - 0 views

  • President Donald Trump has ordered his negotiators to halt talks over a new stimulus package,
  • "I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,"
  • The decision to pull the plug on the talks is a major blow to Americans still struggling with the fallout from the once-in-a century pandemic and endangers an economic recovery that for months was driven by the initial $2.2 trillion stimulus passed by Congress in the spring.
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  • On Trump call with GOP leaders, the President signaled he wanted a deal and didn't say he was going to pull the plug on the talks, according to a source familiar with the call. 
  • Republican Rep. John Katko, a New York lawmaker who represents a swing district, responded to the news in a tweet saying, "I disagree with the President. With lives at stake, we cannot afford to stop negotiations on a relief package," and adding, "I strongly urge the President to rethink this move."
  • "Today, once again, President Trump showed his true colors: putting himself first at the expense of the country, with the full complicity of the GOP Members of Congress," Pelosi said, adding, "Walking away from coronavirus talks demonstrates that President Trump is unwilling to crush the virus."
  • "The Speaker expressed her disappointment in the President's decision to abandon the economic & health needs of the American people," Hammill said.
  • Pelosi also questioned whether Trump taking a steroid was impacting his thinking, according to two people on the call. Trump was given the corticosteroid drug dexamethasone on Saturday after his oxygen level transiently dipped, White House physician Sean Conley said during a briefing on Sunday.
  • "Believe me, there are people who think that steroids have an impact on thinking," Pelosi told Democrats as she tried to explain her view of what the President was trying to do, a person on the call said. "So I just don't know."
  • Last week, the House of Representatives approved a $2.2 trillion coronavirus stimulus measure put forward by House Democrats with no bipartisan deal in sight as Pelosi and Mnuchin continued talks.
  • That vote came after House Democrats moved in May to pass a sweeping bill to spend roughly $3 trillion on relief measures, a proposal that similarly generated opposition from Republicans, who dismissed the aid package as a liberal wish list.
anonymous

Relief Payments Provide Lifelines To Struggling Americans : NPR - 0 views

  • When Mike Phelps moved from Detroit to western Kentucky in 2019, he brought his small business, GenDrop, with him.GenDrop rents out generator power for concerts and music festivals. Phelps had already powered nearly 100 special events throughout Michigan, and he hoped to do the same in his new state. But when the pandemic hit, and shows were canceled all over the world, Phelps began bleeding money.
  • Phelps got a loan from the Small Business Administration, but it was far too small to make a difference. Now he plans to use his $1,400 stimulus check to help keep GenDrop afloat until business picks up.
  • Since only a day after President Biden signed the $1.9 trillion pandemic relief bill, people around the country have reported seeing deposits pending in their bank accounts. That money is expected to be made available as soon as Wednesday.
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  • Phelps is from one of the 80% to 90% of households expected to receive a stimulus payment from the government. And to the delight of many, that money is coming sooner than anticipated.
  • Most individuals can expect to receive up to $1,400, couples up to $2,800, and those with children and adult dependents can expect $1,400 for each one. Payments start tapering off for individuals making $75,000 per year, or married couples making $150,000. And unlike the earlier stimulus checks, the maximum cutoff is lower: Individuals no longer qualify once they make $80,000 a year ($160,000 for couples).
  • According to the U.S. Treasury, payments to eligible Americans will continue through the next several weeks on a rolling basis. Most people who are eligible will automatically receive those payments — no action required.
  • The IRS says it will automatically calculate the amount that people receive, based on their latest processed tax return.
  • Payments will go out in batches. The first batch will go to taxpayers who provided direct deposit information on their 2019 or 2020 tax returns. That will be followed by a second batch to taxpayers for whom the IRS already has payment info. For them, the payments could come in the form of checks or prepaid debit cards in the mail.People who receive Social Security or other federal benefits will receive the payment in the same way as their regular benefits. The IRS has not yet announced a payment date for this group, but says it will do so shortly.
  • The Treasury says it will provide more information in the coming days for people who don't have a bank account, or whose address has recently changed. People will soon be able to check the status of their stimulus check at the IRS website.For Phelps of GenDrop, the deposit is already "pending" in his bank account, and should be available within days.
mattrenz16

New Stimulus Package Brings Big Benefits to the Middle Class - The New York Times - 1 views

  • WASHINGTON — The economic relief plan that is headed to President Biden’s desk has been billed as the United States’ most ambitious antipoverty initiative in a generation. But inside the $1.9 trillion package, there are plenty of perks for the middle class, too.
  • “For a lot of the country, $160,000 buys you the house on the hill,” said Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center, who pointed out that a couple making that level of income in New York City, for example, would be stretched.
  • The existing credit tops out for individuals earning more than $200,000 and couples earning more than $400,000. As with the stimulus payments, the expanded credit will phase out for individuals making more than $75,000 and married couples earning more than $150,000.
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  • The legislation also bolsters the tax credits that parents receive to subsidize the cost of child care this year. The current credit is worth 20 percent to 35 percent of eligible expenses with a maximum value of $2,100 for two or more qualifying individuals. The stimulus bill increases that amount to $4,000 for one qualifying individual or $8,000 for two or more.
  • After four years of being on life support, the Affordable Care Act is expanding, a development that will largely reward middle-income individuals and families, since those on the lower end of the income spectrum generally qualify for Medicaid. The relief legislation expands the subsidies for buying health insurance. As a result, a 64-year-old earning $58,000 would see monthly payments decline to $412 from $1,075 under current law, according to the Congressional Budget Office.
  • The money is a taxpayer bailout for about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income. The plans cover about 10.7 million active and retired workers, many of whom are middle class and work in fields like construction or entertainment where the workers move from job to job.
brickol

Members of Congress race back for $2.2tn stimulus vote amid fears of delay | US news | ... - 0 views

  • Members of Congress are racing back to Washington, despite social isolation guidelines, out of fear that a lawmaker could delay a Friday vote on the $2.2tn economic stimulus package designed to rush federal aid to workers, businesses and a healthcare system ravaged by the coronavirus.
  • There is no doubt the law has enough support to pass. The Senate approved the bill in a unanimous vote on Wednesday night. House speaker Nancy Pelosi said she expected broad bipartisan support and Donald Trump has said he would sign it into law.
  • On Capitol Hill, Massie dismissed concerns about legislators having to fly back to Washington, noting that he chose to drive and suggesting stranded colleagues might “hitch a ride with a trucker”.
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  • His colleagues are furious. At least two House members have tested positive for coronavirus, while a number of others are awaiting test results or in quarantine after coming into contact with an infected person.
  • Republican congressman Fred Upton of Michigan said he was “driving back to DC to help get this thing over the finish line” while several lawmakers from western states said they were jumping on red-eye flights to make it back in time.
  • “Members are advised that it is possible this measure will not pass by voice vote,” House majority leader Steny Hoyer wrote in an advisory to members on Thursday night. “Members are encouraged to follow the guidance of their local and state health officials, however if they are able and willing to be in Washington DC by 10am [Friday]. Members are encouraged to do so with caution.”
  • “We will be monitoring the number of members in the Capitol and on the floor to ensure we maintain safe social distancing at all times,” they added. “Members who are ill with respiratory symptoms or fever are discouraged from attending.”
  • Members of Congress are racing back to Washington, despite social isolation guidelines, out of fear that a lawmaker could delay a Friday vote on the $2.2tn economic stimulus package designed to rush federal aid to workers, businesses and a healthcare system ravaged by the coronavirus.
  • The desire by House leaders was to pass the bill with a “voice vote” – when everyone in the chamber shouts “aye” or “no” and the loudest group prevails. But any member of Congress can demand a rollcall vote and require a quorum, forcing at least 216 lawmakers to return to Washington in the midst of a pandemic to ensure the bill passes.
  • His colleagues are furious. At least two House members have tested positive for coronavirus, while a number of others are awaiting test results or in quarantine after coming into contact with an infected person.
  • There is no doubt the law has enough support to pass.
  • The House will convened at 9am ET. There will be three hours of debate on the legislation before they attempt to pass the bill by voice vote.
  • If a recorded vote is required, the House is planning to enforce strict social distancing guidelines, allowing members on the floor to vote in small groups to avoid crowding.
brookegoodman

Senate stimulus shows lengths government is going to preserve supply chain - CNNPolitics - 0 views

  • (CNN)A draft of the Senate's stimulus bill reveals just how far the government is going to ensure the country is prepared for future pandemics and how it is making sure the US supply chain for food, medical supplies and medicine remains intact over the next several months.
  • The bill expands funding for the Agriculture Department by $9.5 billion to support agriculture producers affected by coronavirus and includes money to support food inspection services, whether it be for "temporary and intermittent workers" or "relocation of inspectors."
  • The measure provides $1 billion for the Pentagon under the Defense Production Act, which is intended to invest in "manufacturing capabilities that are key to increasing the production rate of personal protective equipment and medical equipment," according to a summary from Senate Appropriations Democrats.
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  • "When considering whether to exercise the authority granted by this section, the Secretary of Transportation shall take into consideration the air transportation needs of small and remote communities and the need to maintain well-functioning health care and pharmaceutical supply chains, including for medical devices and supplies," the draft bill says.
  • Lawmakers also want to make sure they understand future vulnerabilities in the supply chain. As part of the National Academies study, the bill asks researchers to examine whether the US is vulnerable to critical drug and device shortages because so many materials are manufactured outside of the United States. And the bill gives waivers for the use of certain kinds of respirators during a health crisis.
brookegoodman

Student loan payments suspended for six months under Senate bill - CNNPolitics - 0 views

  • Washington (CNN)Student loan borrowers would be allowed to put off paying their federal student loan payments without penalty until September 30 under the Senate coronavirus stimulus bill passed late Wednesday.
  • The Senate bill automatically suspends those payments without interest for the next six months. It also suspends the collection on defaulted debts -- including wage and tax refund garnishment.
  • But the bill stops short of a Democratic proposal to cancel a minimum of $10,000 in student debt per borrower over the course of the national emergency.
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  • Although the White House and Senate leaders struck a deal on the legislation early Wednesday morning, an exact time for the Senate vote has not yet been scheduled and it's not yet clear when the House will vote to approve the measure.
martinelligi

Covid relief bill: Congress sends $1.9 trillion pandemic relief package to Biden's desk... - 0 views

  • The House of Representatives voted Wednesday to approve the $1.9 trillion coronavirus relief plan, paving the way for President Joe Biden to sign his top legislative priority into law later this week and deliver aid to most American households amid the pandemic.
  • Passage of the bill marks the first major legislative achievement of the new administration and a Congress that is now under full Democratic control, with narrow majorities in the House and Senate.
  • No Republicans voted in favor.
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  • Key features of the plan include up to $1,400-per-person stimulus payments that will send money to about 90% of households, a $300 federal boost to weekly jobless benefits, an expansion of the child tax credit of up to $3,600 per child and $350 billion in state and local aid, as well as billions of dollars for K-12 schools to help students return to the classroom, to assist small businesses hard-hit by the pandemic and for vaccine research, development and distribution.
  • But the Senate kept the income thresholds the same for who gets the full payments: individuals earning less than $75,000 a year and married couples earning less than $150,000 will receive $1,400 per person, including children.
  • An estimated 11.4 million workers will lose their unemployment benefits between mid-March and mid-April unless Congress passes its next coronavirus relief package quickly, a recent study by The Century Foundation found.
  • The vote on the motion to adjourn failed by a tally of 149 to 235 with a significant number of Republicans voting in opposition, the largest number of Republicans to vote against Greene's motion to adjourn since the Georgia freshman started pulling the move.
katherineharron

Pelosi promises 'strong bipartisan vote' for $2 trillion stimulus in the House - CNNPol... - 0 views

  • House Speaker Nancy Pelosi on Thursday predicted that the House will overwhelmingly approve the $2 trillion stimulus package with a "strong bipartisan vote" after the measure passed the Senate late Wednesday night.
  • The House is on track to vote on the package on Friday, with House Majority Leader Steny Hoyer announcing Wednesday evening that the House would convene 9 a.m. ET Friday to consider the relief package
  • The legislation was expected to pass by voice vote, a move that would allow the House to avoid compelling all of its members to return to Washington for a recorded roll call vote. But Hoyer's office advised members Thursday evening they are encouraged to be in Washington Friday at 10 a.m. because the bill may not pass that way after all. "There is now a possibility," the notice from Hoyer's office said, that a Republican may force a recorded vote.
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  • Pelosi argued that "if somebody has a different point of view, they can put it in the record," adding, "but we're not worried about that."
  • Republican Rep. Thomas Massie of Kentucky is viewed as the most likely member to try to force the recorded vote, after indicating publicly his reservations for letting the bill pass by voice vote. Democratic Rep. Alexandria Ocasio-Cortez of New York has not ruled out the possibility of asking for the yeas and nays, but Democrats don't believe she will.
ethanshilling

House Votes to Avert Deep Medicare Cuts to Pay for $1.9 Trillion Stimulus Plan - The Ne... - 0 views

  • The House voted on Friday to avert an estimated $36 billion in cuts to Medicare next year and tens of billions more from farm subsidies and other social safety net programs, moving to stave off deep spending reductions that would otherwise be made to pay for the $1.9 trillion stimulus bill enacted last week.
  • In passing the virus aid plan, Democrats used a fast-track budget process to push past Republican opposition, arguing that urgent needs brought on by the pandemic outweighed concerns about running up the national debt.
  • Democrats remained confident that, even though they opposed the stimulus package, Republican senators would eventually support legislation to avoid cutting Medicare, farm subsidies and social services block grants to pay for it.
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  • In remarks on the House floor, Representative John Yarmuth of Kentucky, the chairman of the Budget Committee, described the bill as “a loose end we have to tie up before our work is finished.”
  • The politically unpopular specter of drastic Medicare cuts during a pandemic is likely to prod lawmakers to a deal before the year is out.
  • The debate over paying for the stimulus stems from a 2010 law called the Statutory Pay-as-You-Go Act that requires certain deficit spending to be automatically offset by cuts to federal programs.
  • Many mandatory spending programs could be completely defunded, including social services block grants, a Justice Department program that provides aid to crime victims, and the Black Lung Disability Trust Fund.
  • “We need to be working together, as we did for you when you were giving tax cuts to the wealthiest Americans,” Representative Jan Schakowsky, Democrat of Illinois, said in a comment directed at Republicans.
  • Conservatives see the confrontation as an opportunity to criticize overspending by the Democrats.
yehbru

Democrats should spike the football (Opinion) - CNN - 0 views

  • The House passed the $1.9 trillion bill, overwhelmingly thanks to Democrats. Not a single Senate or House Republican voted for the bill, and one Democrat, Rep. Jared Golden of Maine, voted against it.
  • The relief package is groundbreaking: It sends $1,400 stimulus checks to close to 90% of American households, directs billions to small businesses and schools, pours necessary resources into vaccine distribution, extends unemployment benefits and offers parents an unprecedented child allowance -- a cash benefit for families with children
  • Trump and the GOP passed tax cuts in 2017 that disproportionately helped the wealthiest, but when the pandemic hit in 2020, they were out to lunch
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  • That's the message Democrats need to hammer home as they take well-earned credit for what they've achieved here.
  • Taking credit isn't just so Democrats can pat themselves on the back; it's so the public understands how and why this happened.
  • Democrats are spending their time passing legislation that could reduce poverty by a third, cut the number of kids living in poverty by half, put food on tables and keep roofs over heads.
  • Raising the shamefully low federal minimum wage remains on the table. The Biden administration is also turning its attention to America's crumbling infrastructure. Most importantly, many Democrats are pushing their own party to make early moves to ensure that power is fairly distributed, and that every American gets an equal vote and a voice in our elections.
  • We can't bring back all of the people whose lives were lost thanks to Trump's recklessness. But with Democratic majorities in Congress and a Democratic president in the White House, we have more competent political leadership that could propel us toward a brighter future.
aidenborst

James Clyburn, senior Democratic leader, calls for Lindsey Graham to 'go to church' aft... - 0 views

  • House Majority Whip James Clyburn on Wednesday blasted Sen. Lindsey Graham over his comments that aid to Black farmers in the Covid-19 relief bill are "reparations" and called for his fellow South Carolinian to get back in touch with Christianity.
  • "Lindsey Graham is from South Carolina. He knows South Carolina's history. He knows what the state of South Carolina and this country has done to Black farmers in South Carolina. They didn't do it to White farmers. We're trying to rescue the lives and livelihoods of people. He ought to be ashamed of himself,"
  • "I think you ought to go back and maybe go to church. Get in touch with his Christianity."
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  • The $1.9 trillion stimulus bill, which is expected to pass the House on Wednesday, will provide direct payments of up to 120% of a "socially disadvantaged" farmer or rancher's outstanding debt as of Jan. 1, 2021. A socially disadvantaged farmer or rancher is anyone in a socially disadvantaged group, those who have been "subjected to racial or ethnic prejudice because of their identity as members of a group without regard to their individual qualities," according to a House code.
  • "Let me give an example of something that really bothers me. In this bill, if you are a farmer, your loan will be forgiven up to 120% of your loan, not 100%, but 120%, if you're socially disadvantaged, if you're African-American, some other minority. But if you're White person, if you are a White woman, no forgiveness. That's reparations. What does that got to do with Covid?," Graham said on "Sunday Morning Futures."
  • "Here you have a group of people who barely can defend themselves and instead of these senators voting to support historic measure like this where I have been trying to get debt relief for Black farmers and other farmers of color over 30 years," he told Keilar. "I never heard Senator Lindsey Graham speak out against discrimination, where I been spat on and called racial epithets and had my USDA applications torn up and thrown in the trash can. He knows about discrimination ... I never hear
brickol

'I have no money': debt collection continues despite pandemic | Money | The Guardian - 0 views

  • One out of every six Americans has an unpaid medical bill on their credit report, amounting to $81bn in debt nationwide. Every year, about 530,000 Americans who file bankruptcy cite medical debt as a contributing factor.
  • In the wake of the coronavirus pandemic, several legal groups across the US are calling on federal and state governments to halt private and public debt collection, including wage garnishment, and preventing any federal stimulus checks to Americans from being garnished by debt collectors. For now the debt collection continues unabated.
  • Millions of US workers have wages garnished from their paychecks for consumer debts every year, and those with low incomes are disproportionately affected.
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  • “The garnishment came with no warning. You don’t know until your bank account is locked and your money is gone,” said Walker, who didn’t receive the order of garnishment in the mail until 24 March, after money was taken from his account, and he has already started to fall behind in paying bills.
  • “Unlike the rest of my bills that I can see, the debt collection agency doesn’t send you one. You can’t arrange to auto-pay and they don’t send anything showing what you paid. It’s like they are set up to make you fail. With the coronavirus they shouldn’t be allowed to harass and garnish bank accounts while Americans are in this crisis.”
  • “Garnishment is a really important issue, especially for low-income, economically vulnerable families, the exact workers being laid off in the US right now,”
  • He noted it is still unclear if any federal stimulus checks will be subjected to wage garnishment, but warned courts can freeze bank accounts over debt, making these funds inaccessible if they are deposited.
  • “It’s $350 to $400 a month. I don’t deny I owe this money because they saved my life, but it is detrimental to my health now because I don’t have the money for what I need. I have no money for groceries – I’m only paying my rent and utilities, there’s no money left over,” Johnson said.
  • Among the Americans still experiencing wage garnishment through the coronavirus pandemic are those who have defaulted on their federal student loans. About 45 million Americans owe more than $1.7tn in student loan debt. According to an analysis by Student Loan Hero, between July 2015 to September 2018, 18 private student debt collection agencies contracted by the US Department of Education added $171bn to their debt inventory, and collected $2.3bn during the same period through wage garnishments.
  • “The Department of Education has not decided to do anything, as far as I know, to ease the burden from the coronavirus,” said McKinnon. “They took my tax return also, in the middle of this epidemic. It’s heartless.”
  • She noted the federal stimulus relief package for the coronavirus pandemic is supposed to increase social security income by $200, but that she will still be receiving less than she would before the garnishment. “Even though I paid for years and I’ve tried to utilize their system to take care of my student loans they still decided to garnish my already-below-poverty-line social security income,” Tavares added.
hannahcarter11

Congressional Leaders Near Deal On COVID-19 Relief Bill : NPR - 0 views

  • Congressional leaders are nearing an agreement on a roughly $900 billion COVID-19 relief package that is likely to include a fresh round of smaller stimulus checks, according to congressional aides familiar with the talks.
  • The package is expected to include many elements of the bipartisan proposal released by a group of centrist House and Senate members earlier this week, including further federal unemployment insurance, an extended ban on evictions and a continued pause on federal student loan payments
  • The bill is not expected to include any new direct money for state and local governments as Democrats have demanded nor is it expected to include Republican-backed liability limitations.
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  • The talks are continuing, though Pelosi and McConnell say they are committed to completing a bill before the end of the year. Leaders plan to attach the coronavirus measure to an omnibus spending bill. Doing so may require them to pass an additional short-term funding stopgap to allow committees to write legislative language for the COVID-19 provisions. The federal government is scheduled to run out of money on Dec. 18 so a temporary bill would avoid any brief shutdown as both chambers process the package.
  • The proposal is expected to include more money for the Paycheck Protection Program and for vaccine distribution.
  • But he noted that the package was a "down payment" and that Congress would need to pass another bill in the early part of 2021.
  • Instead, a bipartisan group of more moderate lawmakers from both parties launched their own working group to craft a workable agreement. Groups like these frequently emerge, but it is rare that leaders fully embrace their proposals.
  • The biggest change to the legislation produced by the bipartisan group is the addition of a new round of stimulus checks. Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., have demanded that checks be included in the package and have considered blocking any legislation that does not include the funds.
annabelteague02

Coronavirus Stimulus Package F.A.Q.: Checks, Unemployment and More - The New York Times - 0 views

  • The House of Representatives was expected to quickly take up the bill and pass it, sending it to President Trump for his signature.
    • annabelteague02
       
      ohhh i understand. so the senate passed it easily, but now the House of Representatives is having issues unanimously agreeing, and might have to vote in person. got it.
  • Most adults would get $1,200, although some would get less. For every qualifying child age 16 or under, the payment would be an additional $500.
    • annabelteague02
       
      what do you have to do to qualify?
  • Single adults with Social Security numbers who are United States residents and have an adjusted gross income of $75,000 or less would get the full amount. Married couples with no children earning $150,000 or less would receive a total of $2,400. And taxpayers filing as head of household would get the full payment if they earned $112,500 or less.
    • annabelteague02
       
      how much does 1,200 help people? how many months would this cover, if any?
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  • The bill does not help people in that circumstance now, but you may benefit once you file your 2020 taxes.
    • annabelteague02
       
      this seems odd bc a lot of people who would benefit from this bill recently had their income lowered bc of the virus....
  • three weeks.
    • annabelteague02
       
      this is a LONG time for people who need the money ASAP
  • According to the bill, you would get a paper notice in the mail no later than a few weeks after your payment had been disbursed. That notice would contain information about where the payment ended up and in what form it was made. If you couldn’t locate the payment at that point, it would be time to contact the I.R.S. using the information on the notice.
  • Yes. Menstrual products are now eligible for reimbursement after at least 15 years of lobbying and debate.
    • annabelteague02
       
      yay! i think?
  • Did the legislation make it illegal for any internet provider to cut off service to an individual or small business that can’t pay its bills?No.Did the legislation make it illegal for utility providers to cut off service?No.
    • annabelteague02
       
      oof. this could be rlly hard for small business owners, especially right now.
brickol

$1,200 stimulus checks for all? All you need to know about the US coronavirus bailout |... - 0 views

  • With large areas of the US shut down, stock markets crashing, industries facing collapse and soaring unemployment, the US government is set to pass the most expensive bailout in US history in attempts to save the US economy.Democrat and Republican leaders of Congress, along with White House officials, have been scrambling to make a deal in around-the-clock negotiations and finally announced early on Wednesday that they have reached an agreement. The Senate is expected to vote on the bill on Wednesday.
  • The bill is worth about $2tn, which will go to businesses, corporations and directly into the pockets of Americans. It has six main components: Direct payment to most Americans. $250bn to bolster unemployment insurance. $350bn in loans for small businesses that may be forgiven if firms use them to keep workers on payroll. $500bn in aid for hard-hit industries and states and $50bn for airlines. $130bn in aid to hospitals. $150bn to help state and local governments.
  • There has been some compromise. Republicans agreed to some major changes from their original bill. More money will be given to large companies in hard-hit industries, but Democrats have also pushed for strict oversight of the loans. More aid will also be given to the healthcare sector and more funds will be earmarked for unemployment insurance after pushes from Democrats.
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  • The plan is for individuals to get up to $1,200 and married couples to get up to $2,400, including $500 for each child. The size of a check would diminish gradually for those whose income is above $75,000, while individuals earning more than $99,000 and couples earning more than $198,000 will not be getting any checks. The checks will be based on a household or individual’s 2018 tax return unless they filed their 2019 tax return, in which case it will be based of their 2019 return.
  • Democrats and even some Republicans are adamant that corporations are given fair assistance that will not end up in the pockets of wealthy shareholders or corporate executives.
  • Companies who receive government assistance will also see restrictions on stock buybacks, which is when a company buys shares of its own stock to increase the value of its shares, ultimately helping their wealthy stockholders and corporate executives. Commercial airlines have been known for buying back their own shares.
  • The deal extends unemployment insurance by 13 weeks and covers self-employed and furloughed workers, offering workers $600 a week for those additional four months in addition to what a state will provide through their own program.
  • The bill will relieve burden on the healthcare sector by including a “Marshall Plan” that will give $130bn in grants and assistance to hospitals. The bill also boosts Medicare payments for hospitals treating patients with Covid-19.
aidenborst

Did Joe Biden (already) blow his chance at bipartisanship? - CNNPolitics - 0 views

  • Within the next 24 hours, the House is expected to pass and President Joe Biden is expected to sign the American Rescue Plan -- a massive $1.9 trillion Covid-19 stimulus bill that will likely be the signature accomplishment of the 46th president's first year (if not entire first term) in office.
  • The central question -- in both the near- and long-term -- around the bill is a simple one, with lots of potential answers: Was it worth it?
  • "When the histories of the Biden presidency are written, there's a fair chance that this will be looked upon as a serious error of judgement—one that may plague this administration for a good while."
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  • It is absolutely true that Biden ran as a candidate who could bring Americans together following the increasingly divisive presidency of Donald Trump. Even during the darkest days of his struggles in the Democratic primary, Biden made the case that the only way the country could heal was to understand that we had a lot more in common that our politics (and our politicians) wanted us to believe.
  • "To overcome these challenges -- to restore the soul and to secure the future of America -- requires more than words. It requires that most elusive of things in a democracy: Unity. Unity."
  • "If Republicans have suddenly begun to deeply value and prioritize bipartisanship in Washington, they can start by supporting $2k checks and retroactive unemployment for people," sarcastically tweeted New York Rep. Alexandria Ocasio-Cortez in late January. "Then it will be bipartisan."
  • "We all want bipartisanship and I think you're gonna see more of it as we move down the pike," Sanders said on ABC in late January. "We all look forward to working with Republicans. But right now, this country faces an unprecedented set of crises."
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