Another stimulus is expected to pass both chambers, and be signed by President Trump bringing additional relief to many American’s in need.
On Monday, December 21, 2020, a $900 billion bipartisan bill was brought forth with concessions on both sides that can give a little bit more cash at the end of 2020 or the beginning of 2021.
Payments of $600, instead of the previous $1200, are to be sent out to individuals making $75,000 or less, with a reduction from $75,000 to $99,000.
Dependents can also receive money; by the same rules as used before, meaning only children under seventeen qualify.
Another form of relief will be the reinstatement of benefits received with unemployment, although it was lowered to $300 weekly as opposed to the previous $600 per week.
A $284 billion portion of the bill is to extend the Paycheck Protection Program, allowing businesses to receive a potentially forgivable loan.
The Republican’s gave up their desire to include liability protections for corporations and state and local aid, while the Democrats they dropped their demanded aid for municipalities that were hard hit by COVID-19.
This bill is a follow-up to the CARES Act that was issues earlier this year, nothing is fully concrete at the time of the report.
