Stimulus Checks and Unemployment Checks: What’s the Delay?
Democrat’s have proposed the Heroes Act, which was swiftly rejected and countered by Republican’s Heals Act, showing a major divide in the priorities of the two parties. Both relief bills face criticism from the other side; democrats for it’s overspending and republicans for its lack of coverage for necessities.
The Democrats proposed a $3.4 trillion relief bill while the Republicans proposed a $1.1 trillion relief bill.
You may have read a tweet from Donald Trump’s Twitter @realdonaldtrump, also retweeted by @POTUS the official Presidential Twitter Account:
The Democrats are holding back the $1,200 to $3,400 (family of four) checks that were ready to be sent out!
— Donald J. Trump (@realDonaldTrump) July 31, 2020
If you’re wondering when your Stimulus Check or Unemployment check will come in, you might have to wait a bit longer as no matter the bill Democrats push, republicans and mainly Sentator Mitch McConnell, will turn it down. In the same fashion, Democrats won’t accept the bill proposed by republicans for it’s lack of cover edge of important functions of government and people.
Democrat Proposal Highlights for the Heroes Act Relief Bill
Unemployment
Democrats want to allocate $437 billion to Unemployment with $600 per month for each individual till December.
Stimulus Check
Democrats want to allocate $413 billion towards Stimulus Checks (Stimulus package) with $1,200 per individual earning up to $75,00 a year, or $2,400 per married couple earning a total of $150,000 a year. The democrats also propose $1,200 per dependent (an increase from the $500)
Reopening Schools
Democrats Propose $60 billion for reopening schools, with around $30 billion of that to colleges. They’ve also said Local Aid and State Aid can be used to help reopen schools.
Local/State Aid, Housing Relief (Housing Aid), Worker Aid, Poor Families and Food Assistance
Democrats want to allocate:
- $1 trillion in Local and State Aid from the impact on their economies due to the Coronavirus Pandemic
- $3.6 billion to help states run elections
- $200 billion in Housing Relief (Housing Aid) for renters and homeowners to avoid eviction due to the Coronavirus Pandemic
- $190 billion in “Hazard Pay” or Workers Aid for essential workers
- $35 billion in Food Assistance for poor families
Small Business Aid and Business Assistance
Democrats propose $290 billion in Business Assistance through Tax Credits to help businesses keep employees on payroll.
Democrats propose $380 billion towards Medical Expense/Health Coverage and Covid-19 Coronavirus Tracing and Testing with
- $100 billion to reimburse hospitals and healthcare providers due to the Coronavirus Pandemic
- $98 billion for laid off workers who’ve lost their healthcare pay for health coverage
- $75 billion for Covid-19 Coronavirus Tracing and Testing
Republican Proposal Highlights for the Heals Act Relief Bill
Unemployment
Republicans want to allocate $110 billion to Unemployment with $200 per month for each individual till September (August and September) after which unemployment would be 70% of former pay until January.
Stimulus Check
Republicans want to allocate $300 billion towards Stimulus Checks (Stimulus package) with $1,200 per individual earning up to $75,00 a year, or $2,400 per married couple earning a total of $150,000 a year. The republicans want to keep $500 per dependent.
Reopening Schools
Republicans propose $70 billion to reopening schools, but specifies that a portion must go into supporting private schools reopen.
Local/State Aid, Housing Relief (Housing Aid), Worker Aid, Poor Families and Food Assistance
The Republican Bill does not propose any amount toward Local Aid or State Aid, though they are increasing flexibility on how states spend previously allocated money.
The Republican Bill also does not propose any amount toward Housing Relief (Housing Aid) to help homeowners or renters with eviction due to the Coronavirus Pandemic.
The Republican Bill does not propose any amount towards Worker Aid, Poor Families and Food assistance.
Small Business Aid and Business Assistance
Republicans propose $158 billion in Business Assistance for Small Businesses through loans and grants.
Republicans propose $111 billion towards Medical Expense/Health Coverage and Covid-19 Coronavirus Tracing and Testing with
- $50 billion to help federal agencies and hospitals develop vaccines and therepeutic remedies
- $25 billion to help medical providers
- $16 billion for Covid-19 Coronavirus Tracing and Testing
