Congressional leaders have pulled out a hefty, year-end bill that combined $ 900 billion in COVID-19 aid with spending $ 1.4 trillion on the ubiquitous bill and other incomplete taxes, energy, education and health care The law replaces. The huge, still-unpublished bill is slated for votes on Monday – lawmakers have only a few hours to read it before casting a vote.
The salient features of the measure with the overall fund amount and specific amounts for some but not necessarily all initiatives; Some amounts are not yet available and some aspects of the Cattle Bill do not include spending.
Direct economic regulations ($ 286 billion)
Unemployment Insurance ($ 120 billion). The supplementary federal epidemic revives unemployment benefits, but $ 300 per week – through March 14 – instead of the $ 600 per week benefit that expired in July. The “gig” extends special epidemic benefits for workers and extends the maximum duration to 50 weeks for state-paid unemployed benefits.
Direct payment (166 billion dollars). Provides $ 600 direct payment to individuals making $ 75,000 per year and couples pay $ 150,000 per year – with a phased payment for higher incomes – with an additional $ 600 per dependent child.
Small Business ($ 325 billion)
Paycheck Protection Program ($ 284 billion). Revives the paycheck protection program, which provides forgiveness loans to eligible businesses. Especially hard-hit businesses that received PPP grants will be eligible for the second round. This ensures that PPP subsidy is not taxed.
Vaccine, test, health care provider ($ 69 billion)
Delivering over $ 30 billion for the purchase of vaccines and treatments, distribution funds for states, and a strategic repository. Adds $ 22 billion for testing, tracing and mitigation, $ 9 billion for health care providers, and $ 4.5 billion for mental health.
School ($ 82 billion)
An amount of $ 54 billion is available for the epidemic-affected K-12 schools, and $ 23 billion for colleges and universities; $ 4 billion will be awarded to the Governors Emergency Education Relief Fund; About $ 1 billion for Native American schools.
General Assistance ($ 25 billion)
Provides funding for federal rental assistance program for the first time; The money to be disbursed by the state and local governments to help those who have fallen behind on their rent and may face eviction.
Food / Agricultural Assistance ($ 26 billion)
The food stamp increases profits by 15% and provides food, food on wheels and other food assistance to food banks. Provides an equal amount of assistance ($ 13 billion) to farmers and farmers.
Child Care ($ 10 billion)
The Child Care Development Block provides $ 10 billion to Grant to help families with the cost of child care and to help providers increase operating costs.
POSTAL service ($ 10 billion)
First waives $ 10 billion loan to postal service provided in relief law.
Surgical medical bill
Bipartisan laws are included to protect consumers from huge surprise medical bills after receiving treatment from out-of-network providers.
A number of expiring tax increases breaks, including lower excise taxes for the latter brewers and distillers. Tax breaks will be extended to renewable energy sources as motorsport facilities, and as people making charitable contributions. Commercial food will be reduced by 100% by 2022.
Includes a nearly 400-page water resources bill that targets $ 10 billion for 46 Army Corps of Engineers flood control, environmental and coastal protection projects.